Automobile Engine & Parts Manufacturing in Canada
Over the five years to 2018, revenue for the Automobile Engine and Parts Manufacturing industry in Canada is expected to trend upward as domestic economic conditions improve. Over the five years to 2023, the industry is expected to continue its cyclical demand fluctuations. There has been a growing trend toward establishing a manufacturing presence in Mexico to take advantage of more affordable labour in the country. Recent union contracts and large automakers' domestic manufacturing investment plans are expected to provide short-term industry support. Additionally, Canadian automotive industry participants rely on uncertain provincial level incentives. Overall, IBISWorld anticipates industry revenue to grow slightly over the five years to 2023.
This industry is primarily engaged in manufacturing and rebuilding motor vehicle gasoline engines and engine parts, whether or not for vehicular use.
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.