Hot metal: Rising exports are expected to contribute to industry growth
Metalworking Machinery Manufacturing in Canada The Canadian Metalworking Machinery Manufacturing industry produces industrial moulds, metal-cutting machine tools and metal-forming machine tools. Metalworking machinery represents a key capital investment for many downstream manufacturing industries. With several of these industries experiencing a period of strong growth, particularly aerospace and truck manufacturing, demand for industry products has grown over the five years to 2019. Trade is vital to this industry, with its importance continuing to grow over the past five years. Import competition poses a consistent threat to industry operators. Over the past decades, lower-cost imports, particularly from Asian countries, have satisfied demand for metalworking machinery at a lower price point than operating costs permit for Canadian manufacturers. Asian manufacturers can undercut Canadian prices because they exhibit higher operational efficiencies through low-cost labour, fewer regulatory oversights and greater supply chain efficiencies. The nature of the global economy has caused structural shifts across many manufacturing industries, which will likely continue to pose a challenge to industry operators. With the energy sector rebounding and the Canadian economy experiencing strong headwinds in the short term, trade will be even more important for the industry over the five years to 2024.
This industry comprises operators that primarily manufacture metal-cutting and forming machine tools (except hand tools) and related products. The machine tools included in this industry are those not supported in the hands of an operator when in use. Operators that primarily manufacture industrial moulds; tools, dies, jigs and fixtures; machine tool accessories and attachments; and rolls are included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Our reports have been used by over 10K customers, including:
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this U.S. Precision Parts Market Report
The U.S. precision parts market by revenue is expected to grow at a CAGR of over 12% during the period 2021–2026.
The U.S. market is likely to grow due to the increasing prominence of electric vehicles...
441 pages •
By Global Industry Analysts
• Apr 2021
- A Rolling Disaster, COVID-19 Pushes Manufacturing Industry & Its Value Chain Over the Brink
- The worst affected industry in this pandemic driven crisis is manufacturing with its complex supply chains, labor intensive processes, and interdependencies. Division of labor, modular manufacturing strategies,...
The robotic welding market (with peripherals) size is projected to reach USD 11.7 billion by 2026 from an estimated USD 7.1 billion in 2021, at a CAGR of 10.5% from 2021 to 2026. The intensifying adoption of Industry 4.0 principles is among the factors driving the growth of the robotic welding market. The spot welding segment...
The Asia Pacific medical device outsourced manufacturing market is projected to reach USD 56.2 billion by 2026 from USD 29.3 billion in 2021 and is expected to grow at a CAGR of 13.9% during the forecast period. The Asia pacific medical device outsourced manufacturing market is mainly driven by the overall growth of the medical devices market,...
1547 pages •
By Global Industry Analysts
• Apr 2021
- Manufacturing Barometer Indicates Trouble Brewing for Material Handling Equipment. Market Slumps by -11.1%
- The global market for Material Handling Equipment is expected to decline by -11.1% in the year 2020 and thereafter recover and grow to reach US$171.1 billion by the year 2027, trailing a post COVID-19...
Forged in fire: Recovering commodity prices will likely support downstream demand Abstract Metalworking Machinery Manufacturing in the US Concentration in the Metalworking Machinery Manufacturing industry is low. This industry is highly fragmented into thousands of operators, with more than half...
The welding materials market is projected to grow from USD 13.6 billion in 2020 to USD 17.3 billion by 2025, at a CAGR of 4.8% during the forecast period. The increasing spending on the building & construction market, development of manufacturing sectors, and growing repair & maintenance activities are likely to drive the welding materials...
The global smart manufacturing market was valued at USD 194.63 billion in 2020 and is expected to reach USD 314.39 billion by 2026 and grow at a CAGR of 8.4% over the forecast period (2021-2026). Industry 4.0 has been aiding the transition of industries from having legacy systems to smart components and smart machines, facilitating digital...
Bolted in: Expansion in construction markets has helped keep the industry afloat Abstract Screw, Nut & Bolt Manufacturing in the US Over the five years to 2019, competition from substitute products, such as adhesives, and deteriorating demand from certain downstream markets have proven detrimental to...
Down the tube: Low-cost imports have forced many SMEs to lower prices, causing revenue to fall Abstract Fabricated Metal Product Manufacturing in Australia SMEs in the Fabricated Metal Product Manufacturing industry primarily manufacture metal hand tools, general hardware and other fabricated metal...
Number Of Enterprises
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.