| Product Code: ETC6650511 | Publication Date: Sep 2024 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
During 2020-2024, the Canada automobile market experienced a Compound Annual Growth Rate (CAGR) of 10.71%. However, in 2023-2024, there was a year-on-year growth rate of -13.11%. Overall, the import trend of the Canada automobile market showed an increase during this period, driven by the positive CAGR despite a decline in the last year.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Canada Automobile Market Overview |
3.1 Canada Country Macro Economic Indicators |
3.2 Canada Automobile Market Revenues & Volume, 2022 & 2032F |
3.3 Canada Automobile Market - Industry Life Cycle |
3.4 Canada Automobile Market - Porter's Five Forces |
3.5 Canada Automobile Market Revenues & Volume Share, By Vehicle Type, 2022 & 2032F |
3.6 Canada Automobile Market Revenues & Volume Share, By Propulsion, 2022 & 2032F |
3.7 Canada Automobile Market Revenues & Volume Share, By Type, 2022 & 2032F |
4 Canada Automobile Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electric vehicles due to environmental concerns and government incentives |
4.2.2 Technological advancements in automotive manufacturing leading to more efficient and safer vehicles |
4.2.3 Growing population and urbanization leading to higher demand for personal transportation |
4.3 Market Restraints |
4.3.1 Economic uncertainty impacting consumer purchasing power |
4.3.2 Increasing regulations on emissions and safety standards leading to higher production costs |
4.3.3 Competition from other modes of transportation such as ride-sharing and public transit |
5 Canada Automobile Market Trends |
6 Canada Automobile Market, By Types |
6.1 Canada Automobile Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 Canada Automobile Market Revenues & Volume, By Vehicle Type, 2022-2032F |
6.1.3 Canada Automobile Market Revenues & Volume, By Passenger Cars, 2022-2032F |
6.1.4 Canada Automobile Market Revenues & Volume, By Commercial Vehicles, 2022-2032F |
6.1.5 Canada Automobile Market Revenues & Volume, By Two-wheelers, 2022-2032F |
6.1.6 Canada Automobile Market Revenues & Volume, By Three-wheelers, 2022-2032F |
6.2 Canada Automobile Market, By Propulsion |
6.2.1 Overview and Analysis |
6.2.2 Canada Automobile Market Revenues & Volume, By Internal Combustion Engine, 2022-2032F |
6.2.3 Canada Automobile Market Revenues & Volume, By Electric Vehicles, 2022-2032F |
6.3 Canada Automobile Market, By Type |
6.3.1 Overview and Analysis |
6.3.2 Canada Automobile Market Revenues & Volume, By New Vehicles, 2022-2032F |
6.3.3 Canada Automobile Market Revenues & Volume, By Used Vehicles, 2022-2032F |
7 Canada Automobile Market Import-Export Trade Statistics |
7.1 Canada Automobile Market Export to Major Countries |
7.2 Canada Automobile Market Imports from Major Countries |
8 Canada Automobile Market Key Performance Indicators |
8.1 Average age of vehicles on the road |
8.2 Adoption rate of electric vehicles |
8.3 Average miles per gallon (fuel efficiency) of vehicles on the road |
9 Canada Automobile Market - Opportunity Assessment |
9.1 Canada Automobile Market Opportunity Assessment, By Vehicle Type, 2022 & 2032F |
9.2 Canada Automobile Market Opportunity Assessment, By Propulsion, 2022 & 2032F |
9.3 Canada Automobile Market Opportunity Assessment, By Type, 2022 & 2032F |
10 Canada Automobile Market - Competitive Landscape |
10.1 Canada Automobile Market Revenue Share, By Companies, 2025 |
10.2 Canada Automobile Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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