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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 Investment Chapter

The Ball Bearing Manufacturing industry has a moderate 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. On the other hand, expenditure on labour is high. Skilled labour is needed to design industry products and to fit the bearing to custom-made specifications. In 2015, IBISWorld estimates that the industry will spend $0.14 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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