$6.7bn
$XXX.Xm
7,203
112
$XXX.Xm
Canadian automobile engine and parts manufacturers produce gasoline-powered engines and parts. The industry primarily consists of vertically integrated automobile manufacturers and large companies providing engines that fill contracts for automakers and aftermarkets. The COVID-19 pandemic severely eroded revenue in 2020 as high economic uncertainty caused decreased manufacturing activity, reducing downstream demand from automakers. Even so, manufacturers have benefited from torrid post-pandemic growth as the automotive supply chain reacts to pent-up demand for travel. Even so, companies have been unable to fully recoup pandemic-era revenue declines. Revenue has contracted at an expected CAGR of 1.8% to $6.5 billion through the current period, despite a 7.0% jump in 2024, where profit will reach 10.2%.
Industry revenue has declined at a CAGR of 1.1 % over the past five years, to reach an estimated $6.7bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
General Motors Company | 886.3 | N/A | N/A | |
Linamar Corporation | 512.8 | 37.2 | 7.3 | |
Ford Motor Company of Canada Limited | 422.4 | 15.4 | 3.6 |
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Automobile Engine & Parts Manufacturing in Canada
Industry revenue is measured across several distinct product and services lines, including Gasoline engines, Camshafts, crankshafts, piston rings and piston pins and Fuel injection systems. Gasoline engines is the largest segment of the Automobile Engine & Parts Manufacturing in Canada.
New engines are the most popular product
The Automobile Engine and Parts Manufacturing industry in Canada is primarily engaged in manufacturing and rebuilding motor vehicle gasoline engines and engine parts, whether or not for vehicular use.
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NAICS 336310 - Automobile Engine & Parts Manufacturing in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Automobile engine and parts manufacturers struggled during the pandemic. Poor consumer confidence, low business sentiment and lockdown restrictions discouraged consumers from...
Learn about an industry's products and services, markets and trends in international trade.
New engines for automakers supply the majority of revenue. Consumers rarely purchase a new engine for a car repair, purchasing a new vehicle instead.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Ontario is Canada's leading manufacturing hub. As the most populous province, Ontario represents a majority of auto engine and parts manufacturers.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
External competitors have cut into demand for automobile engines and parts. Electric vehicles have received significant government and public support, threatening long-term g...
Learn about the performance of the top companies in the industry.
Vertically integrated auto manufacturers control the industry. These manufacturers benefit from greater stability and can easily leverage economies of scale.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Manufacturers must adhere to various emissions standards. Engines must pass certain fuel efficiency requirements, while companies must adhere to sustainable manufacturing pra...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Climbing input prices have created volatility. Companies have navigated global supply chain uncertainty surrounding metal, chemical and other input prices.
Including values and annual change:
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Key data sources in Canada include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Automobile Engine & Parts Manufacturing industry in Canada is $6.7bn in 2024.
There are 112 businesses in the Automobile Engine & Parts Manufacturing industry in Canada, which has declined at a CAGR of 2.2 % between 2019 and 2024.
The market size of the Automobile Engine & Parts Manufacturing industry in Canada has been declining at a CAGR of 1.1 % between 2019 and 2024.
Over the next five years, the Automobile Engine & Parts Manufacturing industry in Canada is expected to grow.
The biggest companies operating in the Automobile Engine & Parts Manufacturing market in Canada are General Motors Company, Linamar Corporation and Ford Motor Company of Canada Limited
Crankshaft and Camshaft are part of the Automobile Engine & Parts Manufacturing industry.
The company holding the most market share in Canada is General Motors Company.
The level of competition is high and increasing in the Automobile Engine & Parts Manufacturing industry in Canada.