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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 - 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, 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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