This report examines the short-and medium-term economic and profitability outlook for Canada’s Motor Vehicle Parts Manufacturing Industry.
Canada’s Motor Vehicle Parts Manufacturing Industry: Industrial Outlook Autumn 2013
Canada’s Motor Vehicle Parts Manufacturing Industry: Industrial Outlook Autumn 2013
Industry Economic Analysis
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- Boom in Vehicle Sales Will End—Canadian vehicle sales are expected to
slow following their 2013 boom. Strong growth in U.S. sales will continue
for another couple of years but then come to an end. - Adapting to Technological Change—Stricter environmental standards for
vehicle emissions and increasing consumer demands for complex electronics
will spur investment and demand for vehicle parts. - Shift of North American Production To Mexico—Mexico is receiving an
increasing share of vehicle manufacturing investments relative to Canada
and the U.S. Midwest, but Canadian parts producers will remain largely
dependent on northern production.
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