Ball Bearing Manufacturing in Canada
This industry depends on demand from a variety of transport and manufacturing markets. However, a significant portion of domestic demand is satisfied by imports and volatile commodity prices have had a deleterious impact on industry output. Consequently, industry revenue is expected to decline over the five years to 2018. Over the five years to 2023, import penetration due to the forecasted appreciation of the loonie and saturation of export markets are likely to limit revenue growth. However, the expected rise in demand from crucial downstream markets alongside consolidation activity is projected to buoy industry revenue.
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, defence, 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.
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