Industry Analysis & Industry Trends
Although metalworking machinery represents a key capital investment for many downstream manufacturing industries, operators in the Canadian Metalworking Machinery Manufacturing industry have been in an ongoing state of decline. To salvage profit, operators have been reducing their labor forces, which in turn reduces wages. Despite these attempts at solutions, the industry outlook is not rosy, and revenue is expected to continue declining through 2019... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Metalworking Machinery Manufacturing industry is in the mature stage of its life cycle, but it is possible it slips into decline in the next five years. During the 10 years to 2019, industry value added (IVA), which measures the industry's contribution to the Canadian economy, is projected to be flat. In comparison, Canadian GDP is forecast to rise at an average rate of 2.4% annually during the same period. The discrepancy between these rates represents the potential for the industry to begin declining, but reshoring efforts are anticipated to help stave off this decline.
Furthermore, increasing imports continue to challenge domestic operators. Imports as a share of domestic demand are increasing, rising from 44.1% in 2009 to an estimated 53.2% by 2019... purchase to read more