The North American automotive contract manufacturing market is growing at a considerable CAGR of 5.8% during the forecast period (2021-2027). Automotive contract manufacturing companies intend to provide various services to OEMs (Original Equipment Manufacturer). The major factors that are augmenting the growth of the market include an increase in automotive sales in the North American region, availability of skilled laborers, and availability of high-end technology for research and manufacturing. In North America, the US is estimated to be the significant market in automotive contract manufacturing in terms of revenue and more than 260 vehicles populate the US road. With the US being the world’s second large producer of vehicles and the introduction of new types of vehicles will also lead to an increase in the interest of people for buying which will lead to growth in market share of the automotive contract manufacturing.

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The North American automotive contract manufacturing market is segmented based on services and vehicle types. Based on the services segment, the market is segmented into design and development, vehicle assembly, automotive electronics, and component manufacturing. Further, based on the vehicle type segment, the market is segmented into two-wheelers, passenger cars, commercial vehicles, construction, and agricultural vehicle. The passenger cars segment had significant shares in the vehicle type segment. The market share of passenger vehicles is estimated to grow in the forecast period owing to technological advancement and the introduction of a new type of vehicle.

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The North American automotive contract manufacturing market is analyzed based on the geographical regions that are contributing significantly towards the growth of the market. Based on the geography, the market is segmented into the US, Mexico, and Canada. The US is estimated to have one of the largest shares in the market. The presence of the majority of automotive contract manufacturers, availability of skilled workforce, and high majority sales of the vehicles in the country are some of the factors that fuel the growth of the market in the US. Mexico is estimated to be one of the fastest-growing countries owing to the high population base adopting automotive vehicles.

North America Automotive Contract Manufacturing Market – Segmentation
By Services
Design and Development
Vehicle Assembly
Automotive Electronics
Component Manufacturing
By Vehicle Type
Two Wheelers
Passenger Cars
Commercial Vehicle
Construction and Agricultural Vehicle

North America Automotive Contract Manufacturing Market – Segmentation by Region 
United States
Canada

Company Profiles
A&S Mold and Die Corp.
Advanced Auto Trends, Inc.
Blue Grass Manufacturing Co.
Boston Centerless, Inc.
Circle Gear & Machine Company Inc.
Composidie, Inc.
DNA Group, Inc.
ELO Engineering, Inc.
Faurecia SA
Flex Ltd.
HM Manufacturing, Inc.
HPL Stampings, Inc.
International Automotive Components Group SA
Keats Manufacturing Co.
Lear Corp.
MES, Inc.
NHK Spring Precision of America, Inc.
PDF, Inc.
Precision Manufacturing Co. Inc.
Stoneridge, Inc.
TeleTec Electronics Corp.
TSS Technologies, Inc.
Turner Bellows Inc
TyTek Group
Witco, Inc.

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