Industry Analysis & Industry Trends
Over the five years to 2016, the Car and Automobile Manufacturing industry has struggled to recover as many automakers have moved operations abroad. Dissuaded by high labour costs in Canada, many international automakers have refocused investment toward Mexico and the United States. As a result, output has fallen from Canada's biggest car producers. Although demand for vehicles has rebounded, industry operators have been gradually scaling back operations domestically in favour of manufacturing in neighbouring countries. Over the next five years, the industry is expected to remain relatively unchanged. While automakers are expected to continue their foreign investment strategies, a significant amount of production will remain in Canada, stabilizing revenue growth to a degree... purchase to read more
Industry Report - Industry Analysis Chapter
Over the five years to 2016, revenue for the Car and Automobile Manufacturing industry is anticipated to increase, despite a slow start in the beginning of the period. Automakers have gradually slowed down auto-related investment, and in many cases, moved operations abroad entirely. The United States and Mexico have been the biggest beneficiaries of this trend due to their respective competitive advantages. However, strong export growth in 2015 has benefited the industry and offset revenue declines experienced earlier in the period. During the five-year period, industry revenue is anticipated to rise at an annualized rate of 1.5% to $23.5 billion, including an estimated 0.3% increase in 2016 alone.
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