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Ball Bearing Manufacturing in Canada: Market Research Report

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

Ball Bearing Manufacturing in Canada Market Research Report | NAICS 33299bCA | Apr 2016

Gaining traction: Despite import penetration, multinationals will use economies of scale to contain costs and remain competitive

The Ball Bearing Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$694m
Annual Growth 11-16
3.2%
Annual Growth 16-21
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Profit
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Employment
1,710
Businesses
14
Industry Analysis & Industry Trends

This industry manufactures ball bearings and roller bearings, which are small machines that constrain motion and reduce friction between moving parts of vehicles and other equipment. The industry depends on demand from a variety of transport and manufacturing markets, with foreign markets generating nearly half of the average operator's revenue. Revenue is also responsive to the price of steel, which is a key input into bearings and influences the price operators charge for their products. Despite high import penetration, consolidation and globalization will cause multinational companies to remain competitive, therefore, industry revenue is expected to increase in the five years to 2016... purchase to read more

Industry Report - Starting a New Business Chapter

Despite the presence of few explicit barriers to entry, some logistical factors may deter entry. Significant financial investment is required to acquire, maintain and update plants and equipment. Companies that are unable to finance themselves through equity (issuing shares) and that are unable to take on extensive debt would thus be deterred from entering. Companies also need a workforce that is relatively skilled and can operate the machinery and offer effective aftermarket services, though the costs of hiring and training tend to be insignificant.

The procurement of raw material may present another barrier to entry. Generally, incumbents in this industry maintain strong relationships with upstream suppliers to ensure a steady supply of steel and other raw material... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Ball Bearing Manufacturing Industry?

This industry manufactures ball bearings and roller bearings, which are small machines that constrain motion and reduce friction between moving parts of vehicles and other equipment. Major markets include the transportation, defense, aerospace and energy sectors. This industry does not manufacture plain (nonball and nonroller) bearings.

Industry Products
Ball bearingsRoller bearingsHousing for bearings (sold separately)Components for bearings (sold separately)Other bearings
 
Industry Activities
Manufacturing ball bearingsManufacturing roller bearingsManufacturing separate parts for bearings Manufacturing separate housing for bearings


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