Hit the gas: Renewed export growth will instigate vehicle purchases

The Auto Parts Manufacturing industry in Ontario is composed of businesses that produce a litany of motor vehicle parts, accessories and components, including airbags, thermal systems, exhaust systems, wheels, frames and windshield wipers. The Canadian automotive sector has been subject to various fluctuations in demand over the five years to 2018, including a collapse in commodity prices over 2015 and a renegotiation of the North American Free Trade Agreement. Historically, the industry has been at the mercy of a myriad of political and macroeconomic uncertainties, with a cyclicity of demand and volatility that is endemic to the automotive sector writ large...read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • The anticipated appreciation of the loonie is projected to curtail export activity
  • Industry Report - Industry Locations Chapter

    Ontario is home to 55.0% of the national industry's establishment counts. Akin to the broader manufacturing sector, Ontarian producers are centralized in a few key areas of the province. The Toronto economic region regularly comprises more than 40.0% of manufacturing establishments and employees due to its proximity to major downstream automakers and a densely populated region from which operators can recruit skilled employees. Following Toronto, the Kitchener-Waterloo-Barrie and the Hamilton-Niagara Peninsula economic regions are home to the next greatest proportion of industry establishments and employees. These regions offer a closeness to major automakers that are located close to or across the US border, making it an attractive area to establish industry operations. The...purchase to read more.

    Additional Insights for the Auto Parts Manufacturing in Ontario Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Auto Parts Manufacturing in Ontario 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 Consumer Confidence Index and Light vehicle sales in Ontario in the Auto Parts Manufacturing in Ontario industry impact industry performance..

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    What's in this report

    What is the Auto Parts Manufacturing in Ontario Industry?

    Companies 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. Importantly, this industry does not include manufacturers of engines, electronics, suspension, braking, transmission, seating and metal stamping products for automotive use.

    Industry Products
  • Air conditioning systems
  • Fuel tanks and filters
  • Exhaust systems
  • Wheels
  • Airbags
  • Automobile body parts
  • Industry Activities
  • Manufacturing motor vehicle air conditioners
  • Manufacturing motor vehicle air bag assemblies
  • Manufacturing catalytic converters and engine exhausts
  • 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
  • Consumer Confidence Index
  • Light vehicle sales in Ontario
  • Truck sales in Ontario
  • Canadian effective exchange rate index
  • World price of crude oil

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Auto Parts Manufacturing in Ontario Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Auto Parts Manufacturing in Ontario 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
  • Exhaust systems
  • Air conditioning systems
  • Airbags
  • Fuel tanks and filters
  • Wheels
  • Automobile body parts
  • Chart: Auto Parts Manufacturing in Ontario Industry Products and Services Segmentation

  • Major Markets
  • Toyota Motor Corporation
  • Fiat Chrysler Automobile Group
  • General Motors Company
  • Honda Motor Company
  • Aftermarket and other
  • Ford Motor Company
  • Chart: Major Market Segmentation for the Auto Parts Manufacturing in Ontario Industry

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

  • Basis of Competition
    Barriers to Entry
    Denso Corp., Magna International Inc., Multimatic Inc., UltraFit Manufacturing Inc.,
  • Table: Denso Corp. - financial performance
  • Table: Magna International Inc. - financial performance
  • Table: Multimatic Inc. - financial performance
  • Table: UltraFit Manufacturing Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Auto Parts Manufacturing in Ontario 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 in Ontario Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Light vehicle sales in Ontario (2009-2023)

  • 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, Ford and Chrysler.
  • 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 Manufacturers
  • These are 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?

    The Auto Parts Manufacturing in Ontario market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    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 in Ontario:
    • 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 in Ontario 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 in Ontario, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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