PARTNER INSIGHT | AUTOMOTIVE MARKET
The North American automotive production landscape
North America remains one of the world’s powerhouse regions for automotive manufacturing, with a market value reaching $1,036.6bn in 2024 and forecasted to hit $1,252.5bn by 2029. The region produced about 29.1 million vehicles in 2024, with an expected rise to 32.9 million by 2029.
The US dominates production, accounting for 79.5% of the region’s output in value terms, followed by Mexico (13.8%) and Canada (the remaining share).
The sector is characterised by a strong degree of rivalry, constant innovation and pressures related to regulations and the shift toward electric and hybrid vehicles.
Major automotive companies General Motors (GM): The largest car manufacturer in North America, holding 18.5% of all cars produced in 2024.
Headquartered in Detroit, Michigan, and operates extensive manufacturing, design and R&D facilities across the US, with additional plants in Mexico and Canada . Ford Motor Company: Another top player, producing a wide variety
60 Spring 2026 |
ochmagazine.com of vehicles.
Manufactures vehicles in multiple US states as well as Canada and Mexico.
As of July 2024, Ford announced it will assemble its F-Series Super Duty pickups at the Oakville Assembly Complex in Ontario, Canada, beginning in 2026.
Toyota and Honda: Both have substantial manufacturing operations in North America, contributing to a
combined market share with GM and Ford of over 52% .
They have large US and Mexican plants and are expanding into electric vehicle (EV) production.
Volkswagen and PACCAR: Volkswagen maintains production facilities and significant market activity in the US and Mexico.
PACCAR specialises in commercial trucks and operates plants and parts distribution centres throughout the US, Canada and Mexico.
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