Metalworking Machinery Manufacturing in Canada - Industry Market Research Report

Metalworking Machinery Manufacturing in Canada - Industry Market Research Report

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 downstream manufacturing industries, many of which suffered a period of weakened demand and stifled performance due to the COVID-19 pandemic and associated slowdowns, particularly aerospace and truck manufacturing. Also, volatile steel prices have hindered industry selling prices, further constraining revenue. Metalworking Machinery Manufacturing industry revenue has contracted at a CAGR of 1.4% over the past five years and is expected to total $6.0 billion in 2023, when revenue will fall by an estimated 3.6%. Profit will also decrease due to intense price-based competition with imports.

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.