The market is dominated by foreign suppliers, as imports account for 54.9% of total market size in 2022. B2B drives market demand, with B2B spending representing 58.2% of total demand in 2022. Canada has the 12th largest market size for industrial and laboratory furnaces across the top 20 developed countries, with demand reaching USD350 million in 2022. Vac Aero International Inc is the largest company in Canada, generating 5.5% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 19.9% of total production value in 2022. The total number of companies decreases in 2022, to 670 units. The costs of the industry increase by 1.6% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 3.5% of production value in 2022, the 17th highest across the top 20 developed countries. The industry’s exports share increases in 2022 to 33.1% of total production output. With production value of USD205 million, Canada accounts for 3.7% of the North America total in 2022.
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This Euromonitor industrial report provides unique information on Industrial and Laboratory Furnaces in Canada: ISIC 2914. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Industrial and Laboratory Furnaces in Canada: ISIC 2914 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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