The market is dominated by foreign suppliers, as imports account for 66.5% of total market size in 2020. Investments drive market demand, with investments representing 56.1% of total demand in 2020. Canada has the 13th largest market size for lifting and handling equipment across the top 20 developed countries, with demand reaching USD3.9 billion in 2020. Webb Jervis B Co Of Canada Ltd is the largest company in Canada, generating 9.2% of the industry’s total production value in 2020. The industry is fragmented, with the top five companies generating 21.2% of total production value in 2020. The total number of companies decreases in 2020, to 1,522 units. The costs of the industry decrease by 7.3% in 2020, largely driven by declining B2B costs. The industry’s profitability increases and stands at 8.0% of production value in 2020, the 10th highest across the top 20 developed countries. The industry’s exports share decreases in 2020 to 71.7% of total production output. With production value of USD4.1 billion, Canada accounts for 12.3% of the North America total in 2020.
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This Euromonitor industrial report provides unique information on Lifting and Handling Equipment in Canada: ISIC 2915. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Lifting and Handling Equipment in Canada: ISIC 2915 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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