Metal Stamping & Forging in Canada
Over the five years to 2018, revenue for the Metal Stamping and Forging industry in Canada has increased despite weak performance in the years leading up to the reporting period. Moving forward, the price of steel is expected to rebound slowly as global demand improves while global supply tightens; the same applies to the price of nonferrous metals. These trends are likely to bolster selling prices, revenue and profit. However, import penetration is also expected to continue rising, placing pressure on domestic manufacturers. Overall, IBISWorld expects revenue to grow slowly over the five years to 2023.
This industry manufactures stamped and forged metal products. Stamped metal products are shaped under a press, whereas forged metal products are shaped by a localized compressive force. However, this industry does not stamp automotive products, cans or coins.
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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