The market is dominated by foreign suppliers, as imports account for 78.7% of total market size in 2022. B2B drives market demand, with B2B spending representing 75.0% of total demand in 2022. Canada has the seventh largest market size for pumps, compressors, taps and valves across the top 20 developed countries, with demand reaching USD9.0 billion in 2022. Velan Inc is the largest company in Canada, generating 6.3% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 12.9% of total production value in 2022. The total number of companies increases in 2022, to 1,432 units. The costs of the industry increase by 18.1% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 18.1% of production value in 2022, the third highest across the top 20 developed countries. The industry’s exports share increases in 2022 to 62.6% of total production output. With production value of USD4.8 billion, Canada accounts for 5.3% of the North America total in 2022.
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This Euromonitor industrial report provides unique information on Pumps, Compressors, Taps and Valves in Canada: ISIC 2912. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Pumps, Compressors, Taps and Valves in Canada: ISIC 2912 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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