| Product Code: ETC6659857 | Publication Date: Sep 2024 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Canada light vehicles market witnessed a CAGR of 10.14% from 2020 to 2024. However, in 2023-2024, there was a year-on-year growth rate of -13.54%. Overall, during this period, imports of light vehicles in Canada increased steadily, driven by the positive compound annual growth rate, despite a slight decline in the year-on-year growth rate in 2023-2024.

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 Light Vehicles Market Overview |
3.1 Canada Country Macro Economic Indicators |
3.2 Canada Light Vehicles Market Revenues & Volume, 2022 & 2032F |
3.3 Canada Light Vehicles Market - Industry Life Cycle |
3.4 Canada Light Vehicles Market - Porter's Five Forces |
3.5 Canada Light Vehicles Market Revenues & Volume Share, By Fuel Type, 2022 & 2032F |
3.6 Canada Light Vehicles Market Revenues & Volume Share, By Transmission, 2022 & 2032F |
3.7 Canada Light Vehicles Market Revenues & Volume Share, By Drivetrain, 2022 & 2032F |
3.8 Canada Light Vehicles Market Revenues & Volume Share, By Vehicle Type, 2022 & 2032F |
4 Canada Light Vehicles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing consumer demand for fuel-efficient vehicles |
4.2.2 Technological advancements in electric and hybrid vehicles |
4.2.3 Increasing disposable income of the population |
4.3 Market Restraints |
4.3.1 Fluctuating fuel prices affecting consumer purchasing decisions |
4.3.2 Regulatory challenges related to emissions standards and safety requirements |
4.3.3 Supply chain disruptions impacting vehicle production and availability |
5 Canada Light Vehicles Market Trends |
6 Canada Light Vehicles Market, By Types |
6.1 Canada Light Vehicles Market, By Fuel Type |
6.1.1 Overview and Analysis |
6.1.2 Canada Light Vehicles Market Revenues & Volume, By Fuel Type, 2022-2032F |
6.1.3 Canada Light Vehicles Market Revenues & Volume, By Diesel, 2022-2032F |
6.1.4 Canada Light Vehicles Market Revenues & Volume, By Gasoline, 2022-2032F |
6.1.5 Canada Light Vehicles Market Revenues & Volume, By Hybrid, 2022-2032F |
6.1.6 Canada Light Vehicles Market Revenues & Volume, By Electric, 2022-2032F |
6.2 Canada Light Vehicles Market, By Transmission |
6.2.1 Overview and Analysis |
6.2.2 Canada Light Vehicles Market Revenues & Volume, By Manual, 2022-2032F |
6.2.3 Canada Light Vehicles Market Revenues & Volume, By Automatic, 2022-2032F |
6.3 Canada Light Vehicles Market, By Drivetrain |
6.3.1 Overview and Analysis |
6.3.2 Canada Light Vehicles Market Revenues & Volume, By Front Wheel Drive (FWD), 2022-2032F |
6.3.3 Canada Light Vehicles Market Revenues & Volume, By Rear Wheel Drive (RWD), 2022-2032F |
6.3.4 Canada Light Vehicles Market Revenues & Volume, By Four Wheel Drive (4WD), 2022-2032F |
6.3.5 Canada Light Vehicles Market Revenues & Volume, By All-Wheel Drive (AWD), 2022-2032F |
6.4 Canada Light Vehicles Market, By Vehicle Type |
6.4.1 Overview and Analysis |
6.4.2 Canada Light Vehicles Market Revenues & Volume, By Passenger Vehicle, 2022-2032F |
6.4.3 Canada Light Vehicles Market Revenues & Volume, By Commercial Vehicle, 2022-2032F |
7 Canada Light Vehicles Market Import-Export Trade Statistics |
7.1 Canada Light Vehicles Market Export to Major Countries |
7.2 Canada Light Vehicles Market Imports from Major Countries |
8 Canada Light Vehicles Market Key Performance Indicators |
8.1 Average age of vehicles in Canada |
8.2 Adoption rate of electric vehicles in the market |
8.3 Government incentives for eco-friendly vehicles |
9 Canada Light Vehicles Market - Opportunity Assessment |
9.1 Canada Light Vehicles Market Opportunity Assessment, By Fuel Type, 2022 & 2032F |
9.2 Canada Light Vehicles Market Opportunity Assessment, By Transmission, 2022 & 2032F |
9.3 Canada Light Vehicles Market Opportunity Assessment, By Drivetrain, 2022 & 2032F |
9.4 Canada Light Vehicles Market Opportunity Assessment, By Vehicle Type, 2022 & 2032F |
10 Canada Light Vehicles Market - Competitive Landscape |
10.1 Canada Light Vehicles Market Revenue Share, By Companies, 2025 |
10.2 Canada Light Vehicles 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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