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Truck & Bus Manufacturing in Ontario

Author.Name IBISWorld Canada Last Updated: March 2025 NAICS ON33612CA

Truck & Bus Manufacturing in Ontario industry analysis

Revenue for the Truck & Bus Manufacturing industry in Ontario is expected to decline an annualized -x.x% to $x.x billion over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has increased an annualized x.x% to xx locations over the past five years. Industry employment has increased an annualized x.x% to x,xxx workers during the period, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to decline an annualized -x.x% to $x.x billion, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to grow x.x% to xx locations over the next five years. Industry employment is expected to increase an annualized x% to x,xxx workers during the outlook period, while industry wages likely increase x% to $x.x million.

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About the Truck & Bus Manufacturing in Ontario Market Research Report

What’s Included in the Truck & Bus Manufacturing in Ontario Market Research Report

Definition of the Truck & Bus Manufacturing in Ontario?

The Truck and Bus Manufacturing industry in Canada primarily manufactures heavy-duty vehicles and heavy-duty vehicle chassis for highway use.

What’s included in the Truck & Bus Manufacturing in Ontario?

The Truck & Bus Manufacturing in Ontario includes manufacturing heavy-duty trucks, assembling complete heavy-duty trucks, assembling complete buses and assembling heavy-duty motor vehicles for highway use. Related terms covered in the Truck & Bus Manufacturing in Ontario industry report includes trucks with a gross vehicle weight rating between 8,845 kilograms and 11,793 kilograms, trucks with a gross vehicle weight rating between 11,793 kilograms and 14,968 kilograms, trucks with a gross vehicle weight rating above 14,968 kilograms, a measure of the allowable weight of a truck, including its trailer and cargo, trucks categorized as either class 6, 7 or 8 and purchases in excess of current demand, usually in anticipation of regulatory-related price increases.

Industry Performance of the Truck & Bus Manufacturing industry in Ontario

Benchmark the Truck & Bus Manufacturing in Ontario industry performance with all ON Census Metropolitan Area and national performance.

Truck & Bus Manufacturing in Ontario

#1 in Highest Revenue 22.1% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Truck & Bus Manufacturing in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Truck & Bus Manufacturing industry in Ontario

See how key industry drivers, such as gross domestic product, private investment in non-residential construction, bachelorsed, demand from truck transportation, total trade value and us dollar exchange rate are impacting Truck & Bus Manufacturing in Ontario

Ontario Economic Indicators

Gross Domestic Product
Private Investment in Non-Residential Construction
BachelorsEd

View more economic information in ON State Economic profile

Canada Key External Drivers

Demand from truck transportation
Total trade value
US dollar exchange rate

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Truck & Bus Manufacturing industry in Ontario

Access proprietary data on Census Metropolitan Area in the Truck & Bus Manufacturing in Ontario, such as Toronto, London and Ottawa - Gatineau. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Truck & Bus Manufacturing industry in Ontario

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Truck & Bus Manufacturing industry in Ontario in 2025?

The market size of the Truck & Bus Manufacturing industry in Ontario is $1.1bn in 2025.

How many businesses are there in the Truck & Bus Manufacturing industry in Ontario in 2025?

There are 27 businesses in the Truck & Bus Manufacturing industry in Ontario, which has been growing at an average annual rate of 6.2% from 2020 to 2025.

Has the Truck & Bus Manufacturing industry in Ontario grown or declined over the past 5 years?

The market size of the Truck & Bus Manufacturing industry in Ontario has been declining at an average annual rate of -1.4% from 2020 to 2025.

How many employees in the Truck & Bus Manufacturing industry in Ontario in 2025?

There are 1,885 employees in the Truck & Bus Manufacturing industry in Ontario, which has been growing at an average annual rate of 1.3% from 2020 to 2025.