The market is dominated by foreign suppliers, as imports account for 51.3% of total market size in 2024. Investments drive market demand, with investments representing 58.2% of total demand in 2024. Canada has the sixth largest market size for machine tools across the top 20 developed countries, with demand reaching USD7.3 billion in 2024. Valiant Machine & Tool Inc is the largest company in Canada, generating 3.0% of the industry’s total production value in 2024. The industry is fragmented, with the top five companies generating 7.7% of total production value in 2024. The total number of companies decreases in 2024, to 2,278 units. The costs of the industry increase by 0.6% in 2024, largely driven by rising labour costs. The industry’s profitability increases and stands at 12.8% of production value in 2024, the fourth highest across the top 20 developed countries. The industry’s exports share decreases in 2024 to 26.7% of total production output. With production value of USD5.3 billion, Canada accounts for 12.6% of the North America total in 2024.
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Overview:
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
The Machinery in Canada report includes:
- Five year forecasts on industry’s historic trends and growth
- Insights on key factors shaping industry’s historic and future performance
- Historic data on industry’s turnover, market size, imports and exports
- Detailed overview of industry’s supply and demand structure
- Analysis of competitive landscape changes within the industry
This report answers:
- What is the turnover of the Machinery?
- How the Machinery will perform in the future?
- Which categories are driving industry's growth?
- Which factors will shape industry’s performance?
- What is the industry’s costs and demand structure?
- How profitable is the industry?
- Is industry’s competitive landscape concentrated or fragmented?
Machine Tools in Canada: ISIC 2922
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MARKET OVERVIEW
Machinery
This is the aggregation of general purpose machinery and special purpose machinery.
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