The market is dominated by domestic suppliers, as imports account for 2.3% of total market size in 2020. Investments drive market demand, with investments representing 73.9% of total demand in 2020. Canada has the second largest market size for machinery for metallurgy across the top 20 developed countries, with demand reaching USD5.1 billion in 2020. Metform International Ltd is the largest company in Canada, generating 0.2% of the industry’s total production value in 2020. The industry is fragmented, with the top four companies generating 0.5% of total production value in 2020. The total number of companies decreases in 2020, to 584 units. The costs of the industry decrease by 8.4% in 2020, largely driven by declining B2B costs. The industry’s profitability increases and stands at 25.9% of production value in 2020, the third highest across the top 20 developed countries. With production value of USD4.2 billion, Canada accounts for 55.0% of the North America total in 2020.
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This Euromonitor industrial report provides unique information on Machinery for Metallurgy in Canada: ISIC 2923. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Machinery for Metallurgy in Canada: ISIC 2923 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.See All of Our Definitions
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