Canada Key Industries: Automotive

Canada Key Industries: Automotive

For foreign investors in the automotive sector, Canada offers a strategic location in the heart of one of the world’s largest and most lucrative automotive markets. Cutting-edge R&D, unparalleled market access and seamless integration into the Great Lakes automotive supercluster make Canada the ideal choice to drive automotive innovation into the future. Canada’s automotive manufacturing sector directly employs over 125,000 workers and generates more than $100 billion in factory revenues.

  • Canada is part of fully integrated North American market with annual production of almost 2.4 million vehicles, of which 85% are exported.
  • According to KPMG, auto parts operations based in Canada typically enjoy an 8.2% cost advantage compared to their U.S.-based counterparts and a 4.5% cost advantage over Japan.
  • Thanks to the North American Free Trade Agreement, the Canada-European Union Comprehensive Economic and Trade Agreement, and the free trade agreement with South Korea, Canada enjoys preferential access to some of the largest and most important automotive markets in the world. These trade agreements allow automotive investors in Canada to benefit from integrated global supply chains and seize new export market opportunities.
  • Canada has an established automotive supply sector comprised of many of the world’s largest auto parts companies. These companies have long-standing relationships with leading car manufacturers globally and provide a strong revenue opportunity for foreign investors.

Canada is Your #1 Location for Business Expansion.

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