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 Analysis Chapter
Establishments in the Metalworking Machinery Manufacturing industry make metal-cutting and metal-forming machine tools (except 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. The industry excludes devices that are held in operators' hands during use.
Over the five years to 2015, industry revenue is projected to increase at an annualized rate of 4.8% to $4.6 billion. Like many Canadian manufacturing industries, the Metalworking Machinery Manufacturing industry has been characterized by recovery over the past five years... purchase to read more