Melting down: Increasing import penetration will continue to hinder industry growth

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 the automotive sector, demand for industry products has grown over the five years to 2018. Trade is vital to this industry, with its importance continuing to grow. Import competition poses a consistent threat to industry operators. 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...read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 13-18
3.0%
Forecast Growth 18-23
Profit
Employment
22,895
Businesses
1,634
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The nature of the global economy has caused structural shifts across many manufacturing industries
  • International trade plays an ever-growing role in the industry
  • Export markets are projected to remain a significant source of revenue
  • Industry Report - Industry Analysis Chapter

    Establishments in the Metalworking Machinery Manufacturing industry in Canada produce metal-cutting and metal-forming machine tools, excluding hand tools, and industrial moulds. The industry’s machine tools are often large, self-contained units that use a turning mechanism in combination with various knives, drills and bores to shape metals. Accordingly, industry performance is tethered to the health of the overall economy and the downstream manufacturing sector more specifically.Over the five years to 2018, industry revenue is projected to increase at an annualized rate of 3.0% to $5.1 billion. Sim...purchase to read more.

    Additional Insights for the Metalworking Machinery Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Metalworking Machinery Manufacturing Industry are

  • Access to the latest available and most efficient technology and techniques
  • Proximity to key markets
  • Having a loyal customer base
  • IBISWorld analysts also discuss how external factors such as Canadian-dollar effective exchange rate index and Industrial capacity utilization in the Metalworking Machinery Manufacturing industry impact industry performance..

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    What's in this report

    What is the Metalworking Machinery Manufacturing Industry?

    This industry comprises establishments 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. Establishments that primarily manufacture industrial moulds; tools, dies, jigs and fixtures; machine tool accessories and attachments; and rolls are included in this industry.

    Industry Products
  • Industrial mould
  • Machine tools, metal-cutting and forming machinery
  • Special tools, dies, jigs and fixtures
  • Cutting tools and machine tool accessories
  • Rolling mill machinery
  • Industry Activities
  • Manufacturing industrial moulds
  • Manufacturing tools, dies, jigs and fixtures
  • Manufacturing machine tool accessories and attachments
  • Manufacturing rolls and other metalworking machinery
  • 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
  • World demand for steel
  • World price of steel

  • Current Performance
  • Downstream demand
  • Trade importance
  • Profit and structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Trade remains crucial
  • Downstream demand and reshoring
  • Profit remains under pressure
  • Table: Metalworking Machinery Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Metalworking Machinery Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Machine Shop Services in Canada
  • Car & Automobile Manufacturing in Canada

  • Key Selling Industries
  • Aluminum Manufacturing in Canada
  • Ball Bearing Manufacturing in Canada
  • Electrical Equipment Manufacturing in Canada
  • Iron & Steel Manufacturing in Canada
  • Nonferrous Metal Rolling & Alloying in Canada
  • Screw, Nut & Bolt Manufacturing in Canada
  • Structural Metal Product Manufacturing in Canada

  • Products & Services
  • Special tools, dies, jigs and fixtures
  • Industrial mould
  • Machine tools, metal-cutting and forming machinery
  • Cutting tools and machine tool accessories
  • Rolling mill machinery
  • Chart: Metalworking Machinery Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Machine shops, metalworking and metal cutting
  • Other markets
  • Transportation manufacturing
  • Chart: Major Market Segmentation for the Metalworking Machinery Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • All other costs
  • Chart: Cost Structure Benchmarking – Sector vs Metalworking Machinery Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Metalworking Machinery Manufacturing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Metalworking Machinery 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 Metalworking Machinery 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)
  • Canadian dollar effective exchange rate (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Cemented Carbide
  • A mix of binary carbon compounds that form a very hard material when combined with a powdered binder of heavy metals, usually tungsten or titanium.
  • Computer-Aided Design
  • The use of computer technology for the design of real and virtual objects; abbreviated CAD.
  • Lathe
  • A machine used for shaping a piece of material, such as wood or metal, by rotating it rapidly along its axis while pressing a fixed cutting or abrading tool against it.
  • What Our Customers Say

    Why buy this report?

    The Metalworking Machinery Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    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 Metalworking Machinery 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 Metalworking Machinery 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 Metalworking Machinery Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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