The market is dominated by foreign suppliers, as imports account for 70.0% of total market size in 2022. B2B drives market demand, with B2B spending representing 67.7% of total demand in 2022. Canada has the 12th largest market size for machinery for food, beverage and tobacco processing across the top 20 developed countries, with demand reaching USD926 million in 2022. Hobart Food Equipment Group Canada is the largest company in Canada, generating 5.2% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 9.5% of total production value in 2022. The total number of companies increases in 2022, to 813 units. The costs of the industry increase by 12% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 4.5% of production value in 2022, the 19th highest across the top 20 developed countries. The industry’s exports share increases in 2022 to 63.3% of total production output. With production value of USD747 million, Canada accounts for 8.0% of the North America total in 2022.
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This Euromonitor industrial report provides unique information on Machinery for Food, Beverage and Tobacco Processing in Canada: ISIC 2925. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Machinery for Food, Beverage and Tobacco Processing in Canada: ISIC 2925 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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