PUBLISHER: MarketLine | PRODUCT CODE: 1100694
PUBLISHER: MarketLine | PRODUCT CODE: 1100694
The NAFTA Car Manufacturing industry profile provides top-line qualitative and quantitative summary information including: market share, Industry size (value and volume 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the Industry.
The North American Free Trade Agreement (NAFTA) is a trade agreement between the countries in North America: the US, Canada and Mexico. The car manufacturing industry within the NAFTA countries had a total market value of $199.4 billion in 2021.The Mexico was the fastest growing country, with a CAGR of 2.6% over the 2017-21 period.
Within the car manufacturing industry, the US is the leading country among the NAFTA bloc, with market revenues of $147.5 billion in 2021. This was followed by Mexico and Canada, with a value of $36.0 and $15.9 billion, respectively.
The US is expected to lead the car manufacturing industry in the NAFTA bloc, with a value of $229.1 billion in 2026, followed by Mexico and Canada with expected values of $59.4 and $20.7 billion, respectively.