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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 2015

Losing its bearings: Import penetration and foreign competition will fuel industry's decline

IBISWorld’s Ball Bearing Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$610m
Annual Growth 10-15
0.9%
Annual Growth 15-20
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Profit
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Employment
1,848
Businesses
17
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. Revenue has grown modestly since 2010, but is expected to fall in 2015 due to a drop in steel prices. In the coming years, import penetration and increasing competition for key export markets is likely to constrain revenue growth... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The industry is entering into the decline phase of its life cycle. Despite significant demand in Canada for bearings, the majority of domestic demand is being met by imports. Meanwhile, export markets are becoming increasingly competitive and saturated; operators are being squeezed out of their main export market in the United States by more efficient global producers. Overall, the industry's value added, which measures its contribution to the overall economy, is expected to increase at an annualized rate of only 1.0% in the 10 years to 2020. This is far below the Canadian economy's projected 2.2% annualized growth over the period, which is indicative of an industry in decline... 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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