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Metalworking Machinery Manufacturing in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Metalworking Machinery Manufacturing in Canada Market Research Report | NAICS 33351CA | May 2014

Melting down: Increasing import penetration will perpetuate the industry's revenue declines

IBISWorld’s Metalworking Machinery Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 09-14
0.5%
Annual Growth 14-19
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Profit
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Employment
19,182
Businesses
1,678
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 - Starting a New Business Chapter

High levels of internal and external competition form a primary barrier to entry for this industry. Not only does the high percentage of small firms increase competition on a local and regional level, but imports as the majority of domestic demand indicate increased price-based competition from foreign factories with lower production costs. Further, the declining nature of this industry's life cycle indicates difficult operating conditions for potential entrants. As imports continue to increase as a share of domestic demand, newcomers would be hard-pressed to compete on the basis of price. Instead, the challenge for newcomers lies in creating niche-specific products that save consumers money through extended useful product life span and reduced maintenance requirements... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Metalworking Machinery Manufacturing Industry?

This industry comprises establishments that primarily manufacture metal-cutting and forming machine tools (except hand tools) and related products. The machine tools included in this industry are those not supported in the hands of an operator when in use. Establishments that primarily manufacture industrial molds; tools, dies, jigs and fixtures; machine tool accessories and attachments; and rolls are included in this industry.

Industry Products
Metal-cutting and forming machineryIndustrial mold manufacturingSpecial tool, die, jig and fixture manufacturingCutting tool and machine tool accessory manufacturingRolling mill machinery
 
Industry Activities
Manufacturing industrial moldsManufacturing tools, dies, jigs and fixturesManufacturing machine tool accessories and attachmentsManufacturing rolls and other metalworking machinery


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