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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

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
$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 - Industry Investment Chapter

The Ball Bearing Manufacturing industry has a low level of capital intensity. The costs of a new plant and equipment are substantial and require significant capital expenditure. However, once acquired, production machinery depreciates slowly, although product innovation necessitates some investment in new technology. Conversely, expenditure on labour is high. Skilled labour is needed to design industry products and to fit the bearing to custom-made specifications. In 2016, IBISWorld estimates that the industry will spend $0.12 on capital for every dollar it spends on labour... 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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