Machine Shop Services in Canada - Industry Market Research Report

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. As demand from vital downstream automotive, aviation and heavy machinery manufacturing markets improved, revenue for the domestic Machine Shop Services industry expanded over the five years to 2019. Moreover, rising capital investments in computer numerical controlled (CNC) machines capable of creating customized components and other automated equipment have decreased this industry's dependence on labour. As a result, industry wage expenses have contracted as a share of industry revenue. Over the five years to 2024, forecast stability in the growing Canadian economy is expected to boost industry revenue.

This industry is primarily engaged in operating machine tools, such as lathes, including computer numerical control; 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 in this industry.

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.

  • About this Industry
  • Industry at a Glance
    • Table Key Statistics Snapshot
    • Table Revenue vs. employment growth
    • Table Products and services segmentation (2019)
    • Table Industry Structure
  • Industry Performance
    • Table Industrial capacity utilization
    • Table Industry revenue
    • Table Life Cycle Stage
  • Products & Markets
    • Table Products and services segmentation (2019)
    • Table Major market segmentation (2019)
    • Table Business Locations 2019
    • Table Distribution of establishments vs. population
  • Competitive Landscape
    • Table Sector vs. Industry Costs
    • Table Barriers to Entry checklist
  • Major Companies
  • Operating Conditions
    • Table Capital Intensity
    • Table Tools of the Trade: Growth Strategies for Success
    • Table Volatility vs. growth
  • Key Statistics
    • Table Industry Data
    • Table Annual Change
    • Table Key Ratios
  • Jargon & Glossary

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook