The market is dominated by foreign suppliers, as imports account for 71.8% of total market size in 2020. B2B drives market demand, with B2B spending representing 98.1% of total demand in 2020. Canada has the seventh largest market size for electrical equipment for engines and vehicles across the top 20 developed countries, with demand reaching USD9.2 billion in 2020. Magna International Inc is the largest company in Canada, generating 42.3% of the industry’s total production value in 2020. The industry is concentrated, with the top five companies generating 55.9% of total production value in 2020. The total number of companies decreases in 2020, to 1,995 units. The costs of the industry decrease by 4.8% in 2020, largely driven by declining B2B costs. The industry’s profitability increases and stands at 8.5% of production value in 2020, the 12th highest across the top 20 developed countries. With production value of USD3.5 billion, Canada accounts for 8.2% of the North America total in 2020.
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This Euromonitor industrial report provides unique information on Electrical Equipment for Engines and Vehicles in Canada: ISIC 319. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Electrical Equipment for Engines and Vehicles in Canada: ISIC 319 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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