The market is dominated by foreign suppliers, as imports account for 54.5% of total market size in 2022. Investments drive market demand, with investments representing 58.5% of total demand in 2022. Canada has the sixth largest market size for machine tools across the top 20 developed countries, with demand reaching USD6.9 billion in 2022. Valiant Machine & Tool Inc is the largest company in Canada, generating 2.9% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 7.4% of total production value in 2022. The total number of companies increases in 2022, to 2,150 units. The costs of the industry increase by 4.7% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 18.1% of production value in 2022, the third highest across the top 20 developed countries. The industry’s exports share increases in 2022 to 27.6% of total production output. With production value of USD4.5 billion, Canada accounts for 11.0% of the North America total in 2022.
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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
This is the aggregation of general purpose machinery and special purpose machinery.
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