Metal Stamping & Forging in Canada
The Metal Stamping and Forging industry in Canada manufactures metal products using a variety of pressing machines and localized compressive forces. Industry products may be made of steel or nonferrous metals, such as aluminum, which are typically used as components in downstream manufacturing processes. Industrial production in Canada has weakened in recent years, with an increasing number of manufacturers offshoring operations and sourcing inputs, such as stampings and forgings, from foreign markets. In addition, much of the remaining domestic demand is now fulfilled by imports. Moving forward, the price of steel is expected to rebound slowly as global demand improves while global supply tightens, and the same applies to the price of nonferrous metals. These trends tend to bolster selling prices, revenue and profit.
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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