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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 | Jul 2014

Rolling away: Import penetration and competition for exports will constrain growth

IBISWorld’s Ball Bearing Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$566m
Annual Growth 09-14
1.8%
Annual Growth 14-19
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Profit
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Employment
1,690
Businesses
19
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. In the five years to 2014, moderate demand for bearings and volatile steel prices have induced revenue growth at an estimated 1.8% per year on average. In the five years to 2019, import penetration and increasing competition for key export markets is likely to constrain revenue growth further... 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, space 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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