The market is dominated by foreign suppliers, as imports account for 55.3% of total market size in 2020. B2B drives market demand, with B2B spending representing 59.6% of total demand in 2020. Canada has the 12th largest market size for industrial and laboratory furnaces across the top 20 developed countries, with demand reaching USD280 million in 2020. Vac Aero International Inc is the largest company in Canada, generating 5.4% of the industry’s total production value in 2020. The industry is fragmented, with the top five companies generating 19.6% of total production value in 2020. The total number of companies increases in 2020, to 701 units. The costs of the industry decrease by 0.6% in 2020, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 3.8% of production value in 2020, the 16th highest across the top 20 developed countries. With production value of USD199 million, Canada accounts for 3.8% of the North America total in 2020.
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This Euromonitor industrial report provides unique information on Industrial and Laboratory Furnaces in Canada: ISIC 2914. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Industrial and Laboratory Furnaces in Canada: ISIC 2914 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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