Auto Parts Manufacturing in Canada - Industry Market Research Report

Auto Parts Manufacturing in Canada - Industry Market Research Report

Auto Parts Manufacturing in Canada

Canadian auto parts manufacturers will contract amid revenue volatility and lower new vehicle sales over the five years to 2023. These manufacturers rely heavily on demand from downstream automakers in the United States and Canada, which can lead to changes in demand for auto parts. The greater demand there is for automobiles, the more automakers will need to order from upstream suppliers like auto parts manufacturers. Dropping consumer confidence and sluggish expansion in per capita disposable income have discouraged consumers from purchasing new vehicles, sending negative impacts upstream to auto parts manufacturers. That's why Canadian auto parts manufacturers' revenue will dip at a CAGR of 6.1% to reach $6.2 billion over the five years to 2023. Revenue is anticipated to inch down 0.2% in 2023 alone.

Operators in the Auto Parts Manufacturing industry in Canada manufacture and rebuild a wide variety of motor vehicle parts and accessories. These parts include air bags, air conditioners, catalytic converters, engine exhaust systems, mufflers and resonators, radiators, radiator cores and wheels.

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."