In repair: As downstream markets recover, industry revenue will grow

Demand for the Machine Shop Services industry in Ontario typically relies on the vitality of downstream automotive and industrial activity as well as the health of upstream suppliers of primary and secondary metals. As a result, industry revenue oscillates according to the ebb and flow of industrial output. Over the next five years, the industry is forecast to continue its ebb and flow resulting in overall stability. Industry revenue is projected to climb, recouping the losses of the previous five-year period. Consolidation activity among the top players is expected to continue to shape the industry, limiting establishment formation...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
-0.1%
Forecast Growth 18-23
Profit
Employment
9,968
Businesses
1,818

Industry Threats & Opportunities

  • Demand typically relies on the vitality of downstream automotive and industrial activity
  • Additional Insights for the Machine Shop Services in Ontario Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Machine Shop Services in Ontario Industry are

  • Access to multiskilled and flexible workforce
  • Effective quality control
  • Ability to alter goods and services produced in favour of market conditions
  • IBISWorld analysts also discuss how external factors such as Industrial capacity utilization and Manufacturing GDP of Ontario in the Machine Shop Services in Ontario industry impact industry performance..

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    What's in this report

    What is the Machine Shop Services in Ontario Industry?

    This industry is primarily engaged in operating machine tools, such as lathes (including computer numerically controlled), automatic screw machines and machines for boring, grinding, milling and otherwise working metal, to produce machine parts and equipment, other than complete machines, for the trade. Machine shops providing custom and repair services are included.

    Industry Products
  • Milling
  • Turning
  • Grinding
  • EDM and ECM activities
  • Industry Activities
  • Manual and computer numerical control milling services
  • Drilling and boring services
  • Grinding and planning services
  • Turning services to produce cylindrical components
  • Fastening services using automatic screw machines
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Industrial capacity utilization
  • Manufacturing GDP of Ontario
  • Aggregate private investment in Ontario
  • Demand from transportation equipment manufacturing

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Machine Shop Services in Ontario Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Screw, Nut & Bolt Manufacturing in Canada
  • Tractors & Agricultural Machinery Manufacturing in Canada
  • Construction Machinery Manufacturing in Canada
  • Mining, Oil & Gas Machinery Manufacturing in Canada
  • Engine & Turbine Manufacturing in Canada
  • Wind Turbine Manufacturing in Canada
  • Power Tools & Other General-Purpose Machinery Manufacturing in Canada
  • Truck, Trailer & Motor Home Manufacturing in Canada
  • Aircraft, Engine & Parts Manufacturing in Canada

  • Key Selling Industries
  • Aluminum Manufacturing in Canada
  • Ferrous Metal Foundry Products in Canada
  • Metal Pipe & Tube Manufacturing in Canada
  • Metalworking Machinery Manufacturing in Canada
  • Screw, Nut & Bolt Manufacturing in Canada
  • Tool & Hardware Wholesaling in Canada

  • Products & Services
  • Turning
  • Milling
  • Grinding
  • Other
  • EDM and ECM activities
  • Chart: Machine Shop Services in Ontario Industry Products and Services Segmentation

  • Major Markets
  • Metalworking sector
  • Transportation sector
  • Heavy industrial sector
  • Healthcare sector
  • Tech sector
  • Other
  • Chart: Major Market Segmentation for the Machine Shop Services in Ontario Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Machine Shop Services in Ontario

  • Basis of Competition
    Barriers to Entry
    B.C. Precision Inc., Camcor Industries Ltd., L&M Precision Products Inc., RJB Machining Ltd.,
  • Table: B.C. Precision Inc. - financial performance
  • Table: Camcor Industries Ltd. - financial performance
  • Table: L&M Precision Products Inc. - financial performance
  • Table: RJB Machining Ltd. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Machine Shop Services in Ontario 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 Machine Shop Services in Ontario Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Manufacturing GDP of Ontario (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Boring
  • The process where a predrilled hole is enlarged with a tool.
  • Electrical Discharge Machining (Edm)
  • A cutting technique based on electrical conduction for metals that are too hard for traditional methods.
  • Electrochemical Machining (Ecm)
  • A cutting technique based on the process of electrolysis by which particles are removed from a metal and is shaped via electrodes.
  • Machine Shop
  • An establishment where machining takes place.
  • Milling
  • The process where a rotating cutting tool is used to carve or shape a stationary object.
  • Turning
  • An industry process that uses an edged cutting tool to remove material from a rotating object to create or improve the object's cylindrical shape.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Machine Shop Services in Ontario market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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 Machine Shop Services in Ontario:
    • 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 Machine Shop Services in Ontario 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 Machine Shop Services in Ontario, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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