The market is dominated by foreign suppliers, as imports account for 52.4% of total market size in 2020. Investments drive market demand, with investments representing 56.1% of total demand in 2020. Canada has the eighth largest market size for machine tools across the top 20 developed countries, with demand reaching USD5.4 billion in 2020. Valiant Machine & Tool Inc is the largest company in Canada, generating 3.4% of the industry’s total production value in 2020. The industry is fragmented, with the top five companies generating 8.6% of total production value in 2020. The total number of companies decreases in 2020, to 2,268 units. The costs of the industry decrease by 10.2% in 2020, largely driven by declining B2B costs. The industry’s profitability increases and stands at 15.6% of production value in 2020, the third highest across the top 20 developed countries. With production value of USD3.5 billion, Canada accounts for 10.4% of the North America total in 2020.
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This Euromonitor industrial report provides unique information on Machine Tools in Canada: ISIC 2922. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Machine Tools in Canada: ISIC 2922 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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