Metalworking Machinery Manufacturing in Canada
The Canadian Metalworking Machinery Manufacturing industry produces industrial moulds, metal-cutting machine tools and metal-forming machine tools. Metalworking machinery represents a key capital investment for many downstream manufacturing industries. With several of these industries experiencing a period of strong growth, particularly aerospace and truck manufacturing, demand for industry products has grown over the five years to 2019. Trade is vital to this industry, with its importance continuing to grow over the past five years. Import competition poses a consistent threat to industry operators. Over the past decades, lower-cost imports, particularly from Asian countries, have satisfied demand for metalworking machinery at a lower price point than operating costs permit for Canadian manufacturers. Asian manufacturers can undercut Canadian prices because they exhibit higher operational efficiencies through low-cost labour, fewer regulatory oversights and greater supply chain efficiencies. The nature of the global economy has caused structural shifts across many manufacturing industries, which will likely continue to pose a challenge to industry operators. With the energy sector rebounding and the Canadian economy experiencing strong headwinds in the short term, trade will be even more important for the industry over the five years to 2024.
This industry comprises operators that primarily manufacture metal-cutting and forming machine tools (except hand tools) and related products. The machine tools included in this industry are those not supported in the hands of an operator when in use. Operators that primarily manufacture industrial moulds; tools, dies, jigs and fixtures; machine tool accessories and attachments; and rolls 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.
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