Construction Machinery Manufacturing in Canada
The Construction Machinery Manufacturing industry in Canada has experienced significant revenue volatility over the past five years, although ultimately it has risen sharply. The industry has benefited in particular from strong growth in US housing markets, as over half of industry revenue is generated through exports, the majority of which are bound for the United States. While domestic demand has been volatile, particularly in response to declining commodity prices of crude oil and natural gas between 2015 and 2016, the industry benefited from the subsequent depreciation in the domestic dollar, which helped boost exports and lead to growth in 2015 despite plummeting domestic nonresidential construction, a key market. Over the five years to 2023, the industry is expected to grow more slowly. High debt levels and rising interest rates are forecast to temper residential construction and US construction markets are also forecast to slow, diminishing demand from two key markets. The industry will also be hindered by a forecast appreciation in the domestic currency that will make domestic products less competitive abroad.
This industry manufactures construction machinery and equipment for use in residential, nonresidential, highway, street and other infrastructure construction. This industry does not manufacture agricultural or mining vehicles such as farming tractors or mining drills.
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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