Industry Analysis & Industry Trends
Although metalworking machinery represents a key capital investment for many downstream manufacturing industries, the Canadian Metalworking Machinery Manufacturing industry exhibits an ongoing state of decline. In an effort to salvage profit, operators have been reducing their labor forces, which in turn reduces wages. Despite these attempts at solutions, the outlook is not rosy, and revenue is expected to continue declining through 2018... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
IBISWorld analysis reveals this industry is declining. During the 10 years to 2018, industry value added (IVA), which measures the industry's contribution to the Canadian economy, is projected to decrease 4.2%. In comparison, Canadian GDP is forecast to rise at an average rate of 2.4% annually during the same period. The discrepancy between IVA and GDP over the 10-year period usually indicates an industry in the midst of decline, and other factors point to this conclusion.
Based on data from the Canadian government, import growth is occurring. IBISWorld expects imports to increase at an annualized rate of 1.3% and total an estimated $3.1 billion during the 10 years to 2018... purchase to read more