Market Size of Canada Automotive OEM Coatings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Canada Automotive OEM Coatings Market Analysis
The Canadian automotive OEM coatings market is expected to reach USD 200 million by the end of this year. It is projected to register a CAGR of over 4% during the forecast period. The market was negatively impacted by COVID-19 in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is expected to grow steadily in the future.
- The Canadian automotive OEM market is estimated to grow during the forecast period owing to technological advancements and changes in automotive vehicle product offerings.
- As governments implement stricter fuel-efficiency rules, there will be an increase in demand for lightweight and fuel-efficient OEM parts. The demand for light-weighted fuel-efficient parts may provide an opportunity to expand the market in the future.
- On the other hand, supply chain issues such as the shortage of semiconductors have been hindering growth recently.
