Canada Bearings Shipment Analysis
Canada Agriculture Equipment Market registered a decline of -61.06% in value shipments in 2022 as compared to 2021 and an increase of 4.5% CAGR in 2022 over a period of 2017. In Agriculture Equipment Market Canada is becoming less competitive as HHI index in 2022 was 6323 while in 2017 it was 2894. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Canada has reportedly relied more on domestic production to meet its growing demand in Agriculture Equipment Market. India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Agriculture Equipment Market in 2022 was 0.83 while in 2017 it was 1.6. Netherlands, Italy, France, India and Poland were among the top players of the market in 2022, where Netherlands acquired the largest market share of 78.43% with a shipment value of 39.03 million USD in 2022 Netherlands also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Agriculture Equipment Market. In 2017 USA had the largest market share of 51.19% with the shipment value of 50.13 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although USA offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Canada Agriculture Equipment Market in 2017.
Latest Development (2023) of the Canada Bearings Market
Canada Bearings Market is considered a mature market due to the presence of significant OEM manufacturers in the nation. Canadian bearing market developed an energy-efficient family of deep groove ball bearings which reduce energy costs while minimizing investment in retrofits.
Mergers And Acquisition:
- On February 16, 2021, Rexnord signed a deal to merge the PMC unit with Regal Beloit.
Canada Bearings Market Synopsis
The Canada bearings market is considered a mature market with large OEM manufacturers present in the country. Bearings find applications across several industrial sectors such as construction, electrical, automotive, and others. The growth of the bearing market is directly correlated with the growth in the automotive and industrial sectors. Further, weak economic activity from these downstream industries and strong competitive pressures from imports is expected to hinder the growth of the industry.
Additionally, the spread of coronavirus in several countries across the globe would also impact Canada as many major companies have curbed their operations to limit the spread of the coronavirus, thereby slowing down the growth prospects of the bearings market as well in the country for the coming few years.
According to 6Wresearch, the Canada Bearings Market size is projected to grow at a CAGR of 1.6% during 2019–2025. due to the expected recovery of economic and construction activities in the country after 2020. Further, the adoption of a few strategies such as remanufacturing of bearings is also expected to increase competitiveness across the market boosting the market during the forecast period.
Ball bearings captured a key share of the market revenue pie in 2018 and would lead during the forecast period as well due to growing industrialization and transportation facility across the country. However, growth prospects are expected to outpace in roller bearings type over the coming years.
The Canada bearings market report thoroughly covers the market by types, sales channels, and applications. The Canada bearings market outlook report provides an unbiased and detailed analysis of the ongoing Canada bearings market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report
- Canada Bearings Market Overview
- Canada Bearings Market Outlook
- Canada Bearings Market Forecast
- Canada Bearings Market Size and Historical Data of Canada Bearings Market Revenues for the Period 2015-2018
- Canada Bearings Market Forecast of Revenues, Until 2025
- Historical Data of Canada Bearings Market Revenues for the Period 2015-2018, By Types
- Market Size & Forecast of Canada Bearings Market Revenues Until 2025F, By Types
- Historical Data of Canada Bearings Market Revenues for the Period 2015-2018, By Roller Bearing Types
- Market Size & Forecast of Canada Bearings Market Revenues Until 2025F, By Roller Bearing Types
- Historical Data of Canada Bearings Market Revenues for the Period 2015-2018, By Sales Channels
- Market Size & Forecast of Canada Bearings Market Revenues Until 2025F, By Sales Channels
- Historical Data of Canada Bearings Market Revenues for the Period 2015-2018, By Applications
- Market Size & Forecast of Canada Bearings Market Revenues Until 2025F, By Applications
- Canada Bearings Market Drivers
- Canada Bearings Market Restraints
- Canada Bearings Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Canada Bearings Market Share, By Players
- Canada Bearings Market Share, By Countries
- Canada Bearings Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Covered:
The report provides a detailed analysis of the following market segments:
By Types:
- Ball Bearings
- Roller Bearings
- Other Bearings (Pillow block, Mounted, etc.)
By Roller Bearings Types:
- Cylindrical Roller Bearings
- Tapered Roller Bearings
- Spherical Roller Bearings
- Needle Roller Bearings
- Other Roller Bearings
By Sales Channels:
By Applications:
- Aerospace & Railway
- Agricultural Equipment Machinery
- Mining & Oilfield Equipment Machinery
- Automotive Machinery
- Construction Machinery
- Other Machinery
Frequently Asked Questions About the Market Study (FAQs):
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| Table of Contents |
| 1. Executive Summary |
| 2. Introduction |
| 2.1. Key Highlights of the Report |
| 2.2. Report Description |
| 2.3. Market Scope & Segmentation |
| 2.4. Research Methodology |
| 2.5. Assumptions |
| 3. Canada Bearings Market Overview |
| 3.1. Canada Bearings Market Revenues, 2015-2025F |
| 3.2. Canada Bearings Market Revenue Share, By Types, 2018 & 2025F |
| 3.3. Canada Bearings Market Revenue Share, By Sales Channels, 2018 & 2025F |
| 3.4. Canada Bearings Market Revenue Share, By Applications, 2018 & 2025F |
| 3.5. Canada Bearings Market - Industry Life Cycle, 2018 |
| 3.6. Canada Bearings Market - Porter’s Five Forces |
| 4. Canada Bearings Market Dynamics |
| 4.1. Impact Analysis |
| 4.2. Market Drivers |
| 4.3. Market Restraints |
| 5. Canada Bearings Market Trends |
| 6. Canada Bearings Market Overview, By Types |
| 6.1. Canada Ball Bearings Market Revenues, 2015-2025F |
| 6.2. Canada Roller Bearings Market Revenues, 2015-2025F |
| 6.2.1 Canada Cylindrical Roller Bearings Market Revenues, 2015-2025F |
| 6.2.2 Canada Tapered Roller Bearings Market Revenues, 2015-2025F |
| 6.2.3 Canada Spherical Roller Bearings Market Revenues, 2015-2025F |
| 6.2.4 Canada Needle Roller Bearings Market Revenues, 2015-2025F |
| 6.2.5 Canada Other Roller Bearings Market Revenues, 2015-2025F |
| 6.3. Canada Other Bearings Market Revenues, 2015-2025F |
| 7. Canada Bearings Market Overview, By Sales Channels |
| 7.1. Canada Bearings Market Revenues, By OEM's, 2015-2025F |
| 7.2. Canada Bearings Market Revenues, By Aftermarket Sales, 2015-2025F |
| 8. Canada Bearings Market Overview, By Applications |
| 8.1. Canada Railway & Aerospace Bearings Market Revenues, 2015-2025F |
| 8.2. Canada Agricultural Equipment Machinery Bearings Market Revenues, 2015-2025F |
| 8.3. Canada Construction Machinery Bearings Market Revenues, 2015-2025F |
| 8.4. Canada Oilfield Machinery Bearings Market Revenues, 2015-2025F |
| 8.5. Canada Automotive Bearings Market Revenues, 2015-2025F |
| 8.6. Canada Other Machinery Bearings Market Revenues, 2015-2025F |
| 9. Canada Bearings Market Key Performance Indicators |
| 10. Canada Bearings Market Opportunity Assessment |
| 10.1 Canada Bearings Market Opportunity Assessment, By Types, 2025F |
| 10.2 Canada Bearings Market Opportunity Assessment, By Sales Channel, 2025F |
| 10.3. Canada Bearings Market Opportunity Assessment, By Applications, 2025F |
| 11. Canada Bearings Market-Competitive Landscape |
| 11.1. Canada Bearings Market Competitive Benchmarking, By Operating & Technical Parameters |
| 11.2. Canada Bearings Market Revenue Share, By Company, 2018 |
| 12. Company Profiles |
| 13. Key Strategic Recommendations |
| 14. Disclaimer |
| List Of Figures |
| Figure 1. Canada Bearings Market Revenues, 2015-2025F ($ Billion) |
| Figure 2. Canada Bearings Market Industry Life Cycle |
| Figure 3. Canada Bearings Market Revenue Share, By Types, 2018 & 2025F |
| Figure 4. Canada Bearings Market Revenue Share, By By Sales Channels, 2018 & 2025F |
| Figure 5. Canada Bearings Market Revenue Share, By Applications, 2018 & 2025F |
| Figure 6. Canada Bearings Market Revenues, By Types, 2015-2025F |
| Figure 7. Canada Bearings Market Revenues, By OEM's, 2015-2025F ($Million) |
| Figure 8. Canada Bearings Market Revenues, By Aftermarket Sales, 2015-2025F ($Million) |
| Figure 9. Canada Bearings Market Opportunity Assessment, By Types, 2025F |
| List Of Tables |
| Table 1. Canada Roller Bearings Market Revenues, By Types, 2015-2025F ($Million) |
| Table 2. Canada Bearings Market Revenues, By Applications, 2015-2025F ($Million) |
