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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 | Mar 2017

Gaining traction: Multinational operators will use economies of scale to remain competitive

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
$637m
Annual Growth 12-17
1.9%
Annual Growth 17-22
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Profit
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Employment
1,520
Businesses
13
Industry Analysis & Industry Trends

The Ball Bearing Manufacturing industry in Canada depends on demand from a variety of transport and manufacturing markets; however, a significant portion of domestic demand is satisfied by imports. Revenue from exports is key to industry performance because the Canadian market for bearings is heavily penetrated by imports. The industry is highly globalized due to the significance of trade and the ownership structure of its major companies. Over the five years to 2022, import penetration and saturation of export markets are likely to limit revenue growth. The declining contribution of this industry to economic output signifies its entry into decline. Still, consolidation and globalization among the industry's top players are expected to keep profit high in the short term... purchase to read more

Industry Report - Industry Locations Chapter

The Ball Bearing Manufacturing industry consists of an estimated 17 establishments. In turn, eleven of those are located in Ontario, making the province the most prominent within this industry. Ontario is an ideal location for establishments since it is home to the majority of downstream industrial markets serviced by this industry. Locating in proximity to key markets reduces transportation costs and enables operators to establish relationships with contacts in downstream industries. More importantly, Ontario has extensive transport and trade networks with the United States, the industry's single largest export market. Mor.. 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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