Automobile Engine & Parts Manufacturing in Canada
Over the five years to 2019, revenue for the Automobile Engine and Parts Manufacturing industry in Canada is expected to trend upward as domestic economic conditions improve. Unemployment fell and per capita income levels improved. Subsequently, consumer confidence grew, which, combined with low interest rates, drove up automobile purchasing. International trade is the main driving force for industry revenue. Since the United States accounts for such a large share of industry revenue, domestic automobile engine and parts manufacturers are heavily reliant on their neighbour's economic conditions. Over the five years to 2024, the industry is expected to see a slight decline overall. There has been a growing trend toward establishing a manufacturing presence in Mexico to take advantage of more affordable labour.
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook