Start your engines: Operators will benefit from an extended upturn in domestic freight volumes

Over the five years to 2018, revenue for the Engine and Turbine Manufacturing industry is expected to decrease. However, this decline is largely the result of steady retracement from decade-high levels resulting from strong investments in industrial machinery that translated into more purchases of engines, turbines and related equipment, a trend which began to wane at the start of the five-year period. Moving forward, greater domestic consumer spending will strengthen demand for freight and highway transportation. As one of the industry's largest customers, increased freight trucking leads to more sales of diesel engines and related components...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
-10.4%
Forecast Growth 18-23
Profit
Employment
4,280
Businesses
221
Market Share of Companies

Industry Threats & Opportunities

  • Trade is essential to this industry, as engine and turbine manufacturers benefit from exports
  • Manufacturers have developed more energy-efficient products that increase generator output
  • A relatively weak Canadian dollar will make industry goods more affordable in vital export markets
  • Industry Report - Industry Investment Chapter

    The Engine and Turbine Manufacturing industry in Canada exhibits a medium level of capital intensity. In 2018, IBISWorld estimates that, on average, for every dollar spent on labour, industry operators invest $0.13 in capital expenditures, up from $0.10 in 2013. The manufacturing process requires heavy capital expenditures in the form of automation equipment. The assembly process involves repetitive actions that may be automated to increase production speed and cost efficiency, but humans are required to fine tune, grind, polish and perform quality control throughout the assembly line. However, capital intensity is a measure of capital to labour. The...purchase to read more.

    Additional Insights for the Engine & Turbine Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Engine & Turbine Manufacturing Industry are

  • Ability to quickly adopt new technology
  • Undertaking technical research and development
  • Having a large supply contract
  • IBISWorld analysts also discuss how external factors such as Canadian-dollar effective exchange rate index and Industrial capacity utilization in the Engine & Turbine Manufacturing industry impact industry performance..

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    What's in this report

    What is the Engine & Turbine Manufacturing Industry?

    This industry manufactures turbines, engines and equipment used for power transmission, such as generators and heavy-duty equipment. The manufacture of parts and accessories, such as speed changers, drives and gears, is included, but wind turbine manufacturing is excluded.

    Industry Products
  • Engines for trucks, locomotives, marine and other equipment
  • Turbines and turbine generator sets
  • Mechanical power transmission equipment
  • Speed changers, drives and gears
  • Parts and accessories
  • Industry Activities
  • Manufacturing diesel, semi-diesel and dual-fuel engines
  • Manufacturing gas, steam and other turbines, generator sets and accessories
  • Manufacturing mechanical power transmission equipment
  • Manufacturing speed changers, drives and gears
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Canadian-dollar effective exchange rate index
  • Industrial capacity utilization
  • Electric power consumption
  • Demand from truck and bus manufacturing
  • World price of steel
  • Demand from tractors and agricultural machinery manufacturing

  • Current Performance
  • The importance of trade
  • Rising global energy demand
  • Profit and participation
  • Chart: Revenue Growth

  • Industry Outlook
  • The importance of trade
  • Profit and participation
  • Industrial output and regulations to boost industry demand
  • Table: Engine & Turbine Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Engine & Turbine Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Agriculture, Forestry, Fishing and Hunting In Canada
  • Mining In Canada
  • Utilities In Canada
  • Manufacturing In Canada

  • Key Selling Industries
  • Ball Bearing Manufacturing in Canada
  • Iron & Steel Manufacturing in Canada
  • Metalworking Machinery Manufacturing in Canada
  • Screw, Nut & Bolt Manufacturing in Canada

  • Products & Services
  • Engines for trucks, locomotives, marine and other equipment
  • Turbines and turbine generator sets
  • Parts and accessories
  • Mechanical power transmission equipment
  • Speed changers, drives and gears
  • Chart: Engine & Turbine Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Trucking
  • Mining, rail freight, agricultural machinery and other industries
  • Construction machinery manufacturing
  • Power generation

  • Major Markets
  • Exports
  • Ground transportation
  • Industrial, energy, utility and manufacturing markets
  • Other transportation
  • Agriculture
  • Construction
  • Other
  • Chart: Major Market Segmentation for the Engine & Turbine Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    PurchasesWagesProfitDepreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Engine & Turbine Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Engine & Turbine Manufacturing Industry

  • Industry Globalization
    General Electric,
  • Table: General Electric - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Engine & Turbine Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Engine & Turbine Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Industrial capacity utilization (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Engine
  • A motor that converts thermal energy to mechanical work.
  • Original Equipment Manufacturers (Oems)
  • A manufacturer of products or components that are purchased by a company and then retailed under the purchasing company's brand name.
  • Turbine
  • A rotary engine in which the kinetic energy of a moving fluid is converted into mechanical energy by causing a bladed rotor to rotate.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Engine & Turbine Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Engine & Turbine Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Engine & Turbine Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Engine & Turbine Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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