The market is dominated by foreign suppliers, as imports account for 80.5% of total market size in 2022. Investments drive market demand, with investments representing 53.8% of total demand in 2022. Canada has the 11th largest market size for engines and turbines, except aircraft, vehicle and cycle engines across the top 20 developed countries, with demand reaching USD2.1 billion in 2022. Brunswick Corp is the largest company in Canada, generating 11.5% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 31.9% of total production value in 2022. The total number of companies increases in 2022, to 445 units. The costs of the industry decrease by 88.4% in 2022, largely driven by declining labour costs. The industry’s profitability decreases and stands at 3.8% of production value in 2022, the 12th highest across the top 20 developed countries. The industry’s exports share increases in 2022 to 63.4% of total production output. With production value of USD1.3 billion, Canada accounts for 4.7% of the North America total in 2022.
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This Euromonitor industrial report provides unique information on Engines and Turbines, Except Aircraft, Vehicle and Cycle Engines in Canada: ISIC 2911. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Engines and Turbines, Except Aircraft, Vehicle and Cycle Engines in Canada: ISIC 2911 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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