Truck, Trailer & Motor Home Manufacturing in Canada - Industry Market Research Report

On the road: Demand from downstream truck transportation will increase as the economy continues to grow

Truck, trailer and motor home manufacturing revenue is expected to marginally increase over the five years to 2023. The industry has a diverse array of product lines within consumer and commercial markets. As a result, the industry, which is cyclical, has a variety of factors that support demand. For example, recreational vehicles (RVs) and motor homes are typically big-ticket discretionary purchases. Consequently, demand for this segment has increased due to steady growth in consumer disposable incomes and consumer spending. In 2020, demand has actually increased for RVs as Canadians have adjusted vacation plans amid the COVID-19 pandemic. Industry revenue has been growing at a CAGR of 0.1% over the past five years and is expected to total $5.5 billion in 2023, when revenue will jump by an estimated 3.6%. The industry profit margin is also expected to grow over the five years to 2023, as the rise in motor home demand is likely to lead to increased price-based competition in 2023. The Truck, Trailer and Motor Home Manufacturing industry in Canada primarily manufactures motor vehicle bodies and cabs, truck trailers and noncommercial trailers. The bodies and cabs may be sold as such or may be assembled on purchased chassis. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.