Ball Bearing Manufacturing in Canada - Industry Market Research Report
Description
Ball Bearing Manufacturing in Canada
The Canadian ball bearing manufacturing industry exhibited weak performance through the end of 2023. The industry manufactures ball and roller bearings, which reduce friction and control motion between two or more rotating parts. Bearings are needed for the manufacturing of vehicles in the transportation, defence and aerospace sectors and for the manufacturing of other equipment with rotating parts. The industry depends on demand from a variety of manufacturing markets. Weak activity from these downstream industries, especially amid the COVID-19 pandemic and strong competitive pressures from imports have hindered the growth of the industry. Ball bearing manufacturing revenue has plunged at a CAGR of 4.7% over the past five years and is expected to total $518.8 million in 2023, when revenue will fall by an estimated 3.6%. Despite overall revenue declining, profit has increased due to reduced purchase expenses.
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.
The Canadian ball bearing manufacturing industry exhibited weak performance through the end of 2023. The industry manufactures ball and roller bearings, which reduce friction and control motion between two or more rotating parts. Bearings are needed for the manufacturing of vehicles in the transportation, defence and aerospace sectors and for the manufacturing of other equipment with rotating parts. The industry depends on demand from a variety of manufacturing markets. Weak activity from these downstream industries, especially amid the COVID-19 pandemic and strong competitive pressures from imports have hindered the growth of the industry. Ball bearing manufacturing revenue has plunged at a CAGR of 4.7% over the past five years and is expected to total $518.8 million in 2023, when revenue will fall by an estimated 3.6%. Despite overall revenue declining, profit has increased due to reduced purchase expenses.
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.
Table of Contents
51 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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