North America (NAFTA) Car Manufacturing Market Summary, Competitive Analysis and Forecast, 2017-2026
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The NAFTA car manufacturing industry was valued at $199.4 billion in 2021, and it is expected to grow at a CAGR of more than 9% between 2021 and 2026. The NAFTA car manufacturing market research report provides qualitative and quantitative information including market size and forecast of the car manufacturing industry among the NAFTA countries. The profile also contains descriptions of the leading players including key financial metrics and an analysis of competitive pressures within the industry.
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Key Nations in the NAFTA Car Manufacturing Market
The North American Free Trade Agreement (NAFTA) is a trade agreement between the countries in North America: the US, Canada, and Mexico. The US is the leading country among the NAFTA countries, followed by Mexico and Canada.
The US: The US car manufacturing industry has shown signs of recovery post the pandemic. Production in the car manufacturing industry grew in 2021 as consumer confidence improved as economic uncertainty receded.
Canada: The Canadian car manufacturing industry has been declining steeply in 2020 and 2021, largely because of the COVID-19 pandemic. Canada is a net exporter of cars, with Stellantis, Honda, and Ford among the largest manufactures operating locally. In terms of value, the majority of cars manufactured in Canada are exported to the US.
Mexico: Temporary shutdowns in the Mexico car manufacturing plants amid labor shortages and severe disruption in the supply chain, including a shortage of semiconductors which persisted throughout the COVID-19 pandemic, led to a steep decline in production.
The NAFTA Car Manufacturing Market, by Key Countries
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Key Companies in the NAFTA Car Manufacturing Market
The key companies in the NAFTA car manufacturing market are Stellantis NV, Honda Motor Co., Ltd., Ford Motor Company Limited, Volkswagen AG, Nissan Motor Co, Ltd., Bayerische Motoren Werke AG, and Hyundai Motor Company among others.
Stellantis NV: Stellantis designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems. It sells its vehicles under the Abarth, Alfa Romeo, Citroën, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Opel, Peugeot, Ram, Chrysler and Vauxhall brands, among others.
Honda Motor Co., Ltd.: Honda is a manufacturer of automobiles and motorcycles. The company apart from motorcycles and automobiles, it also makes power products including tillers, generators, snow throwers, outboard engines, and lawnmowers, and aircraft and jet engines.
Ford Motor Company Limited: Ford is manufacturer and distributor of cars and commercial vehicles. It offers a range of cars which include New Fiesta, New Fiesta ST, Ka, B-MAX, New EcoSport, Focus, Focus ST, C-MAX & Grand C-MAX, KUGA, Mondeo, S-MAX, Galaxy, and Ranger.
NAFTA Car Manufacturing Market Overview
Market Size (2021) | $199.4 billion |
CAGR (2021-2026) | >9% |
Key Countries | The US, Canada, and Mexico |
Key Companies | Stellantis NV, Honda Motor Co., Ltd., Ford Motor Company Limited, Volkswagen AG, Nissan Motor Co, Ltd., Bayerische Motoren Werke AG, and Hyundai Motor Company |
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the NAFTA car manufacturing Industry
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the NAFTA car manufacturing Industry
- Leading company profiles reveal details of key car manufacturing Industry players’ NAFTA operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the NAFTA car manufacturing Industry with five-year forecasts by both value and volume
- Compares data from the US, Canada and Mexico, alongside individual chapters on each country
Reasons to Buy
- What was the size of the NAFTA car manufacturing Industry by value in 2021?
- What will be the size of the NAFTA car manufacturing Industry in 2026?
- What factors are affecting the strength of competition in the NAFTA car manufacturing Industry?
- How has the industry performed over the last five years?
- Who are the top competitors in the NAFTA car manufacturing Industry?
Honda Motor Co., Ltd.
Ford Motor Company Limited
Volkswagen AG
Nissan Motor Co., Ltd.
Bayerische Motoren Werke AG
Hyundai Motor Company
Toyota Motor Corporation
Tesla, Inc.
Table of Contents
Frequently asked questions
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What was the market size of the NAFTA car manufacturing industry in 2021?
The NAFTA car manufacturing market was valued at $199.4 billion in 2021.
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What is the growth rate of the NAFTA car manufacturing market?
The NAFTA car manufacturing market is expected to grow at a CAGR of more than 9% during the forecast period.
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Which are the countries listed in the NAFTA car manufacturing industry?
The NAFTA countries include the US, Canada, and Mexico.
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Which are the key companies in the NAFTA car manufacturing market?
The key companies in the NAFTA car manufacturing market are Stellantis NV, Honda Motor Co., Ltd., Ford Motor Company Limited, Volkswagen AG, Nissan Motor Co, Ltd., Bayerische Motoren Werke AG, and Hyundai Motor Company among others.
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