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. However, trade growth and an overall improving Canadian economy are expected to increase revenue in the five years to 2021... purchase to read more
Industry Report - Industry Analysis Chapter
Establishments in the Metalworking Machinery Manufacturing industry make metal-cutting and metal-forming machine tools (excluding hand tools) and industrial molds. This industry’s machine tools are often large, self-contained units that use a turning mechanism in combination with various knives, drills and bores to shape metals.
Over the five years to 2016, industry revenue is projected to increase at an annualized rate of 1.1% to $4.1 billion. Like many Canadian manufacturing industries, the Metalworking Machinery Manufacturing industry has been characterized by recovery over the past five years, with revenue rising 7.6% in 2011 and 14.7% in 2012 as consumer spending and manufacturing activity gathered momentum... purchase to read more