Motor vehicle & parts manufacturing was responsible for 60% of transportation equipment manufacturing in 2022. PHOTO courtesy Honda.
The auto industry plays a key role in Canada’s economy. With a $14 billion contribution to the Canadian economy, motor vehicle and motor vehicle parts manufacturing is one of the largest manufacturing sectors.
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The State of the Canadian Auto Industry Report 2023, published by the Canadian Vehicle Manufacturers’ Association, provides a snapshot of the economic contributions the auto industry makes to the Canadian economy and key trends underway in the sector.
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Transportation equipment is the second largest contributor to total manufacturing GDP, representing 12%. Motor vehicle & parts manufacturing was responsible for 60% of transportation equipment manufacturing in 2022.
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