The market is dominated by foreign suppliers, as imports account for 92.8% of total market size in 2024. Households drive market demand, with household spending representing 57.0% of total demand in 2024. Canada has the seventh largest market size for motor vehicles and parts across the top 20 developed countries, with demand reaching USD115 billion in 2024. Ford Motor Co of Canada Ltd is the largest company in Canada, generating 29.5% of the industry’s total production value in 2024. The industry is concentrated, with the top five companies generating 83.8% of total production value in 2024. The total number of companies decreases in 2024, to 3,538 units. The costs of the industry decrease by 10.1% in 2024, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 3.0% of production value in 2024, the 19th highest across the top 20 developed countries. The industry’s exports share increases in 2024 to 88.1% of total production output. With production value of USD54.2 billion, Canada accounts for 6.2% of the North America total in 2024.
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This Euromonitor industrial report provides unique information on Motor Vehicles and Parts in Canada: ISIC 34. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Motor Vehicles and Parts in Canada: ISIC 34 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of aircraft and spacecraft, motors vehicles, trailers and semi-trailers, motocycles, bicycles and other transport equipment, railway and tramway locomotives and rolling stock, and ships and boats.
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