Industry Analysis & Industry Trends
Industry revenue plunged during the recession as a result of the crisis in the automobile industry and low disposable income across the economy. Since then, the industry has begun to recover. Pent-up demand will continue to promote growth over the next five years; however, offshoring will increasingly limit industry expansion. In the long term, the industry is execpted to continue declining... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Over the 10 years to 2020, industry value added (IVA), a measure of the industry's contribution to the overall economy, is expected to increase 3.2% per year on average. Meanwhile, Canadian GDP is expected to grow 2.2% over the same period. Growth in domestic production capacity has slowed over the past decade, as manufacturers increasingly relocate their manufacturing operations to low wage-cost countries or other North American Free Trade Agreement (NAFTA) countries.
The global financial crisis has magnified structural problems in the Car and Automobile Manufacturing industry (IBISWorld report 33611a), ultimately resulting in the bankruptcy filings for GM and Fiat Chrysler... purchase to read more