Over the last decade, the Canadian motor vehicle chassis (fitted with engine) market has exhibited fluctuations. The value per capita decreased from $2.97 in 2013 to $2.96 in 2023, despite hitting a low of $2.45 in 2020. The market showed resilience, with a recovery to $2.96 by 2022. Noteworthy is the 2021-2022 recovery at 5.3%, and stability into 2023. The five-year CAGR is approximately 0.34%, reflecting a moderate growth pace.
Future trends to watch include technological advancements in chassis design and the shift towards electric vehicles, which could impact demand and redefine market dynamics.
