The Ball Bearing Manufacturing industry in Canada depends on demand from a variety of transport and manufacturing markets; however, a significant portion of domestic demand is satisfied by imports. Revenue from exports is key to industry performance because the Canadian market for bearings is heavily penetrated by imports. The industry is highly globalized due to the significance of trade and the ownership structure of its major companies. Over the five years to 2022, import penetration and saturation of export markets are likely to limit revenue growth. The declining contribution of this industry to economic output signifies its entry into decline. Still, consolidation and globalization among the industry's top players are expected to keep profit high in the short term.
This industry manufactures ball bearings and roller bearings, which are small machines that constrain motion and reduce friction between moving parts of vehicles and other equipment. Major markets include the transportation, defense, aerospace and energy sectors. This industry does not manufacture plain (nonball and nonroller) bearings.
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.