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With the talk regarding car prices in the US and the growing worldwide demand for oil, one may find it shocking that Canada is actually among the world's key players in the automotive sector. It is currently the third biggest producer of autoparts worldwide, after Japan and the US, while its car manufacturing market in Ontario makes up 22 percent of all production in North America. This market that uses over 90,000 people is a big economic foundation for the nation today. There are a number of factors responsible for this thriving industry, but largely this is as a result of its yearly capital investment of roughly $3.5 billion; proof that it has substantial government support. The country's nationwide health care system is also an excellent aid since it frees Canadian makers from needing to spend for medical insurance, which is now publicly funded, hence alloting resources to further production. Ontario also provides support not just as a major production center, but also as a leading researcher in metal processing and information technology. This makes the country have the eighth largest automotive industry worldwide. Through this much progress, the Canadian autoparts sector will see a lot more development later on since the US cars have increased by 13.5 percent back in 2012. This implies that there will shortly be a larger need for spare components. This, then, will determine an additional rise in spare components production. Currently, this growth is exhibited by the product diversity discovered in several autoparts stores in Canada. Spare components presently exist for the most recent models of vehicles from every major brand name. These brands include almost all the main companies from the United States, Japan, and Europe. Certainly, all the nation's significant manufacturing plants are from Toyota, Honda, General Motors, Chrysler, and Ford. These plants are in charge for making more than 2.5 million cars that are later distributed worldwide. These plants are also responsible for producing spare components, later offered through factory outlets and discount stores throughout the country. Time will tell if this progress will indeed continue or not. These days, the fruits of this growth can be enjoyed by consumers and sellers alike in the form of quality vehicles and autoparts in the market. To discover more about the automotive sector of Canada, check out Osec's 2012 industry report at: osec. ch/de/filefield-private / files/42064/field _ blog_public_files / 8787.
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