The market is dominated by foreign suppliers, as imports account for 66.1% of total market size in 2022. B2B drives market demand, with B2B spending representing 91.8% of total demand in 2022. Canada has the fifth largest market size for bearings, gears, and driving elements across the top 20 developed countries, with demand reaching USD4.8 billion in 2022. Schaeffler Canada Inc is the largest company in Canada, generating 13.3% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 17.4% of total production value in 2022. The total number of companies increases in 2022, to 519 units. The costs of the industry increase by 3.2% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 14.0% of production value in 2022, the 13th highest across the top 20 developed countries. The industry’s exports share increases in 2022 to 36.3% of total production output. With production value of USD2.3 billion, Canada accounts for 14.2% of the North America total in 2022.
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This Euromonitor industrial report provides unique information on Bearings, Gears, and Driving Elements in Canada: ISIC 2913. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Bearings, Gears, and Driving Elements in Canada: ISIC 2913 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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