SUV & Light Truck Manufacturing in Canada
Over the five years to 2018, revenue for the SUV and Light Truck Manufacturing industry in Canada is projected to increase, bolstered by a strong US economy where the majority of industry goods are sold. Industry operators are heavily reliant on US economic conditions. Consequently, as the US economy continues to grow strongly, industry operators are expected to benefit. However, this tethering to the US market is also conducive to extreme fluctuations in revenue. US demand is partially fuelled by currency valuations alongside economic vitality in the country. As the Canadian dollar rises relative to the US dollar, domestically produced vehicles become more expensive for US auto retailers and distributors, which can pressure revenue and profit expansion. Over the five years to 2023, industry revenue is projected to U-turn in the wake of expected plant closures and continued export constraints.
This industry manufactures light trucks and utility vehicles such as vans, pickups, sport-utility vehicles (SUVs) and crossover-utility vehicles (CUVs). The industry also manufactures light truck and utility vehicle chassis. This industry excludes the manufacturing of cars and motorcycles.
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.
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