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 2020... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Metalworking Machinery Manufacturing industry is in the mature stage of its life cycle. During the 10 years to 2020, industry value added (IVA), which measures the industry's contribution to the Canadian economy, is projected to grow at an annualized rate of 3.7%. In comparison, Canadian GDP is forecast to rise at an average rate of 2.2% annually during the same period. Mature industries generally grow in line with growth in the wider economy.
Despite having outpaced growth of the Canadian economy in recent years, this trend reflects the fact that this industry is particularly sensitive to fluctuations in the level of industrial production, which has grown particularly strongly over the period as it recovers ground lost in the recession... purchase to read more