Industry Analysis & Industry Trends
The Canadian Metalworking Machinery Manufacturing industry produces industrial molds, metal-cutting machine tools and metal-forming machine tools. Metalworking machinery represents a key capital investment for many downstream manufacturing industries; with many of these industries enjoying a period of recovery, demand for industry products has grown over the past five years. The nature of the global economy has caused structural shifts across many manufacturing industries, which will likely continue posing a challenge to industry operators. In the five years to 2021, industry performance will likely remain constrained as steel prices rebound and imports continue to meet a greater share of domestic demand... purchase to read more
Industry Report - Industry Locations Chapter
By far, Ontario dominates the Canadian Metalworking Machinery Manufacturing industry, with about two-thirds of all manufacturing locations present in that province. Quebec comes in a distant second with about 14.9% of all locations, while British Columbia rounds out the top three with an estimated 7.6%. Because exports to the United States account for about a third of total industry revenue, Ontario benefits from its borders along the Great Lakes, which facilitates maritime trade. Also, the province is closest to Detroit, the United States' automotive manufacturing hub and a key market for metalworking machinery. Likewise, British Columbia's Pacific Ocean-adjacent western border helps facilitate shipments to China, the industry's third-largest export destination.
.. purchase to read more