Automobile Electronics Manufacturing in Canada
Accelerated growth in the Automobile Electronics Manufacturing industry in Canada is expected to be fuelled by temporary factors, chiefly strong trade prospects at the beginning of the period. Industry output has been constrained during the latter years of the period by trade tensions and an appreciation of the Canadian dollar. An appreciation of the loonie makes domestic goods less attractive to foreign buyers by increasing their relative values. Growth in the industry is forecast to decelerate over the five years to 2024 as these recent pressures gain traction. Competition from imports is expected to remain strong, and automobile production is expected to continue its migration to Mexico, pressuring industry growth.
This industry is primarily engaged in manufacturing and rebuilding electrical and electronic equipment for motor vehicles and internal combustion engines. Industry operators include manufacturers of lighting systems, electrical wiring, electrical control units, sensors, electronic ignition systems, driver displays and other electrical and electronic equipment. Manufacturers of electric motors are excluded from this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook