Printing, Paper, Food, Textile & Other Machinery Manufacturing in Canada - Industry Market Research Report
Description
Printing, Paper, Food, Textile & Other Machinery Manufacturing in Canada
Printing, paper, food, textile and other machinery manufacturers are critical in supplying equipment to Canada's broader manufacturing sector. Healthy economic and population growth has led the country's manufacturing sector to flourish in recent years, benefiting machinery manufacturers. But, the COVID-19 pandemic was especially challenging for manufacturers, as disruptions to nearly every downstream market introduced unprecedented volatility. Diversification suppressed the industry's decline, but some manufacturing companies were still hit harder than others, depending on their specialization. As manufacturing and industrial capacity recovered in 2021, supply chain disruptions and workforce shortages limited growth for machinery manufacturers. Manufacturers struggled to source critical inputs even at premium prices, while workforce shortages left companies with long lead times and depressed profit. Growth remains subdued as inflation, high-interest rates and recession concerns influence how and when direct downstream markets invest in new machinery. In all, industry-wide revenue has been expanding at a CAGR of 2.7% to total an estimated $5.1 billion in 2023, when revenue will drop an expected 1.1%.
This report contains an amalgamation of disparate industrial machinery manufacturing, including machinery for food processing, such as ovens; machinery for sawmills and paper industries, such as log splitters; machinery for printing industries, such as printers; and other industrial machinery, such as knitting machinery and kilns.
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.
Printing, paper, food, textile and other machinery manufacturers are critical in supplying equipment to Canada's broader manufacturing sector. Healthy economic and population growth has led the country's manufacturing sector to flourish in recent years, benefiting machinery manufacturers. But, the COVID-19 pandemic was especially challenging for manufacturers, as disruptions to nearly every downstream market introduced unprecedented volatility. Diversification suppressed the industry's decline, but some manufacturing companies were still hit harder than others, depending on their specialization. As manufacturing and industrial capacity recovered in 2021, supply chain disruptions and workforce shortages limited growth for machinery manufacturers. Manufacturers struggled to source critical inputs even at premium prices, while workforce shortages left companies with long lead times and depressed profit. Growth remains subdued as inflation, high-interest rates and recession concerns influence how and when direct downstream markets invest in new machinery. In all, industry-wide revenue has been expanding at a CAGR of 2.7% to total an estimated $5.1 billion in 2023, when revenue will drop an expected 1.1%.
This report contains an amalgamation of disparate industrial machinery manufacturing, including machinery for food processing, such as ovens; machinery for sawmills and paper industries, such as log splitters; machinery for printing industries, such as printers; and other industrial machinery, such as knitting machinery and kilns.
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.
Table of Contents
41 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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