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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 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
$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 - Industry SWOT Analysis Chapter

The industry is entering into the decline phase of its life cycle. Despite sizeable domestic demand for bearings, the majority of that 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 1.0% in the 10 years to 2019. This is far below the Canadian economy's projected growth over the period, at an annualized 2.4%, 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, 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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