Heavy metal: Increased industrial output sparked industry revenue growth

Metalworking machinery is a crucial capital investment for downstream manufacturers, particularly in the transportation sector which is centralized in Ontario. Clients that need precision cutting, grinding and milling services require industry products to get the job done. Thus, demand 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 and commodity prices. Over the next five years, the industry is forecast to continue its fluctuations resulting in overall stability. Industry revenue is projected to remain stagnant over the five years to 2023, with some dips to counteract years of growth...read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 13-18
2.9%
Forecast Growth 18-23
Profit
Employment
15,193
Businesses
1,052

Industry Threats & Opportunities

  • Industry revenue oscillates according to the ebb and flow of industrial output and commodity prices
  • Industry Report - Industry Locations Chapter

    Ontario is home to 64.6% of the national industry’s establishment counts. Akin to the broader manufacturing sector, Ontarian producers are centralized in a few key areas of the province. The Toronto economic region regularly comprises more than 40.0% of manufacturing establishments and employees due to its proximity to major downstream automakers and a densely populated region from which operators can recruit skilled employees. Following Toronto, the Kitchener-Waterloo-Barrie and the Hamilton-Niagara Peninsula economic regions are home to the next-greatest proportion of industry establishments and employees. The...purchase to read more.

    Additional Insights for the Metalworking Machinery Manufacturing in Ontario Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Metalworking Machinery Manufacturing in Ontario 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 Manufacturing GDP of Ontario and Industrial capacity utilization in the Metalworking Machinery Manufacturing in Ontario industry impact industry performance..

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    What's in this report

    What is the Metalworking Machinery Manufacturing in Ontario 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
  • Manufacturing GDP of Ontario
  • Industrial capacity utilization
  • Canadian-dollar effective exchange rate index
  • World price of steel

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Metalworking Machinery Manufacturing in Ontario Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Metal Pipe & Tube Manufacturing in Canada
  • Steel Rolling & Drawing in Canada
  • Metal Stamping & Forging in Canada
  • Machine Shop Services 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 in Ontario Industry Products and Services Segmentation

  • Major Markets
  • Transportation manufacturing
  • Machine shops, metalworking and metal cutting
  • Other
  • Chart: Major Market Segmentation for the Metalworking Machinery Manufacturing 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 Metalworking Machinery Manufacturing in Ontario

  • Basis of Competition
    Barriers to Entry
    Centerline (Windsor) Limited, Corsteel Hydraulics Limited, Kennametal Inc., PMT Group Inc.,
  • Table: Centerline (Windsor) Limited - financial performance
  • Table: Corsteel Hydraulics Limited - financial performance
  • Table: Kennametal Inc. - financial performance
  • Table: PMT Group Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Metalworking Machinery Manufacturing 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 Metalworking Machinery Manufacturing 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
    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 Numerically Controlled (Cnc) Machine
  • A machine used in prototyping and production for machining processes that uses software to design components.
  • Computer-Aided Design (Cad)
  • 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?

    IBISWorld’s Metalworking Machinery Manufacturing in Ontario market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    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 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 Metalworking Machinery Manufacturing 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 Metalworking Machinery Manufacturing 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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