The market is dominated by domestic suppliers, as imports account for 49.2% of total market size in 2020. B2B drives market demand, with B2B spending representing 67.9% of total demand in 2020. Canada has the fourth largest market size for machinery for construction, mining and quarrying across the top 20 developed countries, with demand reaching USD7.6 billion in 2020. National Oilwell Varco Inc is the largest company in Canada, generating 6.3% of the industry’s total production value in 2020. The industry is fragmented, with the top five companies generating 10.3% of total production value in 2020. The total number of companies decreases in 2020, to 1,411 units. The costs of the industry decrease by 15.5% in 2020, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 4.7% of production value in 2020, the 17th highest across the top 20 developed countries. With production value of USD5.1 billion, Canada accounts for 12.4% of the North America total in 2020.
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This Euromonitor industrial report provides unique information on Machinery for Construction, Mining and Quarrying in Canada: ISIC 2924. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Machinery for Construction, Mining and Quarrying in Canada: ISIC 2924 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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