Car & Automobile Manufacturing in Canada
Over the five years to 2018, the Car and Automobile Manufacturing industry in Canada has struggled to recover as many automakers have moved operations abroad. Dissuaded by high labour costs in Canada, many international automakers have refocused investments toward Mexico and the United States. As a result, output has fallen from Canada's biggest car producers, Toyota, General Motors, Honda and Fiat Chrysler, with remaining operations increasingly focused on vehicle production that fall outside of the purview of the industry. Although demand for vehicles has rebounded, industry operators have been gradually scaling back operations domestically in favour of manufacturing in neighbouring countries. Over the next five years, automakers are expected to continue their foreign investment strategies, moving production to the United States and Mexico, decreasing the amount of production in Canada.
Companies in this industry manufacture cars and automobile chassis. These companies, referred to as automakers, typically produce cars, including electric cars, in assembly plants. The manufacture of light trucks (e.g. vans, pickups and SUVs) and heavy trucks is excluded from this industry. In addition, crossover vehicles (CUVs) are excluded from this industry as well, despite being built on car chassis.
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.