The market is dominated by foreign suppliers, as imports account for 68.8% of total market size in 2022. B2B drives market demand, with B2B spending representing 95.3% of total demand in 2022. Canada has the seventh largest market size for electrical equipment for engines and vehicles across the top 20 developed countries, with demand reaching USD9.4 billion in 2022. Magna International Inc is the largest company in Canada, generating 20.4% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 26.2% of total production value in 2022. The total number of companies increases in 2022, to 1,888 units. The costs of the industry increase by 36.2% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 10.4% of production value in 2022, the 10th highest across the top 20 developed countries. The industry’s exports share decreases in 2022 to 37.5% of total production output. With production value of USD4.7 billion, Canada accounts for 10.6% of the North America total in 2022.
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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
This is the aggregation of electricity generation, distribution and storage equipment, computers, office machinery and communications equipment, and medical and precision equipment.
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