Machine Shop Services in Canada
The Machine Shop Services industry in Canada creates finely tuned parts and components used in the manufacturing of high-performance durable goods, such as cars, aircraft, agricultural, oil field and medical equipment. Industry operators also provide custom milling, turning and boring services for conventional metal goods and stamped metals. Consequently, industry revenue is highly susceptible to changes in Canadian industrial production. Over the five years to 2023, forecast stability in the growing Canadian economy is expected to boost industry revenue. In addition, as disposable income and employment continue to rise, consumers are expected to spend more on cars and other forms of travel, bolstering demand for machined parts designated for automotive and aerospace manufacturers.
This industry is primarily engaged in operating machine tools, such as lathes (including computer numerically controlled), automatic screw machines and machines for boring, grinding, milling and otherwise working metal, to produce machine parts and equipment, other than complete machines, for the trade. Machine shops providing custom and repair services are included.
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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