Cruise control: Improving technology in the industry's products will drive growth in prices

The Auto Parts Manufacturing industry in Canada is expected to expand strongly amid high revenue volatility over the five years to 2019. The industry relies heavily on demand from downstream automakers. Therefore, fluctuating demand for automobiles leads to changes in demand for industry products. The greater demand there is for automobiles, the more automakers will need to order from upstream suppliers such as auto parts manufacturers. Industry operators rely on the United States as a trade partner due to the large market for new cars and the concentration of automakers. This trade is supported by the North American Free Trade Agreement, which enables domestic operators to trade freely with the United States and Mexico...read more.

Industry Statistics & Market Size
Revenue
$7bn
Annual Growth 14-19
5.2%
Forecast Growth 19-24
Profit
Employment
17,886
Businesses
328
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Industry operators rely on the United States as a trade partner due to the large market for new cars
  • Industry growth is expected to support more operators
  • Domestic emission standards are harmonized with the United States
  • Industry Report - Industry Analysis Chapter

    The Auto Parts Manufacturing industry in Canada has experienced high revenue volatility but is poised to thrive over the five years to 2019. The industry produces a wide variety of motor vehicle parts and accessories, including airbags, air conditioners, catalytic converters, engine exhaust systems, mufflers and resonators, radiators and radiator cores and wheels. The industry’s performance is highly dependent on the performance of the downstream automotive industries, which are driven by macroeconomic patterns and factors that affect demand for automobiles. Consumer confidence, disposable income and employment improved overall, which supported demand for new vehicles and stimulated demand for the industry’s goods. Alo...purchase to read more.

    Additional Insights for the Auto Parts Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Auto Parts Manufacturing Industry are

  • Access to the latest available and most efficient technology and techniques
  • Effective cost controls
  • Undertaking technical research and development
  • IBISWorld analysts also discuss how external factors such as New vehicle sales and Canadian effective exchange rate index in the Auto Parts Manufacturing industry impact industry performance..

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    What's in this report

    What is the Auto Parts Manufacturing Industry?

    Operators in this industry 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.

    Industry Products
  • Air-conditioning systems
  • Fuel tanks and filters
  • Exhaust systems
  • Wheels
  • Airbags
  • Automobile body parts
  • Other auto parts
  • Industry Activities
  • Manufacturing motor vehicle air conditioners
  • Manufacturing motor vehicle air bag assemblies
  • Manufacturing catalytic converters and engine exhaust
  • Manufacturing mufflers and resonators
  • Manufacturing radiators and cores
  • Manufacturing wheels (rims)
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • New vehicle sales
  • Canadian effective exchange rate index
  • Consumer Confidence Index
  • World price of crude oil

  • Current Performance
  • Downstream demand drives industry
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Regulation and innovation
  • International trade
  • Table: Auto Parts Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Auto Parts Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Car & Automobile Manufacturing in Canada
  • SUV & Light Truck Manufacturing in Canada
  • Truck & Bus Manufacturing in Canada
  • Auto Parts Wholesaling in Canada

  • Key Selling Industries
  • Aluminum Manufacturing in Canada
  • Inorganic Chemical Manufacturing in Canada
  • Iron & Steel Manufacturing in Canada
  • Paint Manufacturing in Canada
  • Screw, Nut & Bolt Manufacturing in Canada
  • Textile Mills in Canada

  • Products & Services
  • Other auto parts
  • Exhaust systems
  • Airbags
  • Air-conditioning systems
  • Fuel tanks and filters
  • Wheels
  • Automobile body parts
  • Chart: Auto Parts Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Toyota
  • FCA
  • Honda
  • General Motors
  • Ford
  • Aftermarket
  • Other parts manufacturers
  • Chart: Major Market Segmentation for the Auto Parts Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    WagesPurchasesProfitDepreciationMarketingRentUtilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Auto Parts Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Auto Parts Manufacturing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Auto Parts Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Auto Parts Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Marketing (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)
  • New Vehicle Sales (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Big Three
  • Another name for the top US automotive companies, which are General Motors Company, Ford Motor Company and Fiat Chrysler Automobiles NV.
  • Original Equipment Manufacturer (Oem)
  • A company that manufactures products or components that are purchased by a company and retailed under the purchasing company's brand name.
  • Scrappage Rates
  • The rate at which used vehicles are retired from active use.
  • Tier 1 Manufacturer
  • The manufacturers that supply directly to automaker OEMs. This is opposed to Tier 2 and Tier 3 companies that supply to Tier 1.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Auto Parts Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Auto Parts Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Auto Parts Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Auto Parts Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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