The market is dominated by foreign suppliers, as imports account for 63.5% of total market size in 2020. B2B drives market demand, with B2B spending representing 94.1% of total demand in 2020. Canada has the eighth largest market size for bearings, gears, and driving elements across the top 20 developed countries, with demand reaching USD3.3 billion in 2020. Schaeffler Group North America is the largest company in Canada, generating 11.6% of the industry’s total production value in 2020. The industry is fragmented, with the top five companies generating 15.2% of total production value in 2020. The total number of companies decreases in 2020, to 515 units. The costs of the industry decrease by 12.4% in 2020, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 6.2% of production value in 2020, the 10th highest across the top 20 developed countries. With production value of USD1.9 billion, Canada accounts for 12.1% of the North America total in 2020.
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This Euromonitor industrial report provides unique information on Bearings, Gears, and Driving Elements in Canada: ISIC 2913. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Bearings, Gears, and Driving Elements in Canada: ISIC 2913 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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