Printing, Paper, Food, Textile & Other Machinery Manufacturing in Canada - Market Research Report (2014-2029)
New York, United States
Last Updated: June 2024
NAICS 33329bCARevenue
$5.4bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
17,276
Businesses
904
Wages
$X.Xbn
Printing, Paper, Food, Textile & Other Machinery Manufacturing in Canada industry analysis
Printing, paper, food, textile and other machinery manufacturers are critical in supplying equipment to Canada's broader manufacturing sector. Healthy economic and population growth has led the country's manufacturing sector to flourish in recent years, benefiting machinery manufacturers. The pandemic posed a major challenge for manufacturers, as disruptions to nearly every downstream market introduced unprecedented volatility. Diversification suppressed the overall impact on revenue, but some manufacturing companies were still hit harder than others, depending on their specialization. As manufacturing and industrial capacity recovered in 2021, supply chain disruptions and workforce shortages limited growth for machinery manufacturers. Manufacturers struggled to source critical inputs even at premium prices, while workforce shortages left companies with long lead times and depressed profit. Growth remains subdued as inflation, high interest rates, and recession concerns influence how and when direct downstream markets invest in new machinery. Revenue is expected to increase at a CAGR of 1.0% to $5.4 billion through the end of 2024, with 0.1% growth expected in the current year.
Trends and Insights
- Volatility is the new normal for machinery manufacturers. While pandemic disruptions to downstream markets have eased, ongoing supply chain issues and workforce shortages still challenge the industry. These persistent problems require strategic adaptations for stability.
- Machinery manufacturers mainly produce equipment for food production. This sector's stability is crucial as a consistent food supply remains essential, making buyers less affected by external events and more reliable customers.
- Ontario leads in manufacturing facilities. The province benefits from a skilled workforce, easy access to the US, and proximity to downstream buyers, creating a favourable environment for manufacturers. These factors collectively enhance the province's industrial appeal.
- Machinery manufacturers play a crucial role in sectors like agriculture and construction. Economic shifts in these sectors directly impact machinery demand, influencing manufacturers' production strategies. Understanding these dynamics is key for staying competitive.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 1.0 % over the past five years, to reach an estimated $5.4bn in 2024.
Trends and Insights
A range of downstream markets help support ndustry revenue
- Manufacturers supply machinery to a diverse group of downstream markets.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Interest rates and recession concerns could hinder growth
- Recovering conditions following the pandemic will continue to expand industrial, food production and commercial activities that require machinery in Canada.
Biggest companies in the Printing, Paper, Food, Textile & Other Machinery Manufacturing in Canada
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Nicholson Manufacturing Ltd. | 76.9 | N/A | N/A | |
Valmet Oyj | 76.9 | N/A | N/A | |
Comact Equipment Inc. | 61.5 | N/A | N/A |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Food product machinery , Printing services machinery and Paper industry machinery . Food product machinery is the largest segment of the Printing, Paper, Food, Textile & Other Machinery Manufacturing in Canada.
Trends and Insights
Downstream buyers of food machinery are less volatile
- Food machinery includes various equipment designed for food production and manufacturing. Manufacturers create food machinery for processing, packaging, sorting and inspection, conveying and freezing.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Plastics & Rubber Machinery Manufacturing in Canada
Complementors
- Tractors & Agricultural Machinery Manufacturing in Canada
- Construction Machinery Manufacturing in Canada
- Mining, Oil & Gas Machinery Manufacturing in Canada
International industries
- Printing, Paper, Food, Textile & Other Machinery Manufacturing in the US
- Food Processing Machinery Manufacturing in Australia
- Food & Beverage Processing Machinery Manufacturing in the UK
Table of Contents
About this industry
Industry definition
This report contains an amalgamation of disparate industrial machinery manufacturing, including machinery for food processing, such as ovens; machinery for sawmills and paper industries, such as log splitters; machinery for printing industries, such as printers; and other industrial machinery, such as knitting machinery and kilns.
What's included in this industry?
Manufacturing other industrial machineryManufacturing food-product machineryManufacturing printing machinery and equipment Manufacturing sawmill and paper industry machineryCompanies
Nicholson Manufacturing Ltd.Valmet OyjComact Equipment Inc.Purchase this report to view all 3 major companies in this industry.
Related Terms
PULPTARIFFTEXTILEIndustry Code
NAICS 33329 - Printing, Paper, Food, Textile & Other Machinery Manufacturing in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Volatility is the new normal for machinery manufacturers. While pandemic disruptions to downstream markets have eased, ongoing supply chain issues and workforce shortages sti...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Machinery manufacturers mainly produce equipment for food production. This sector's stability is crucial as a consistent food supply remains essential, making buyers less aff...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Ontario leads in manufacturing facilities. The province benefits from a skilled workforce, easy access to the US, and proximity to downstream buyers, creating a favourable en...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each province in 2024
- Number and share of revenue each province accounts for in 2024
- Number and share of wages each province accounts for in 2024
- Number and share of employees in each province in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Machinery manufacturers play a crucial role in sectors like agriculture and construction. Economic shifts in these sectors directly impact machinery demand, influencing manuf...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
ATS Automation is the industry’s leading machinery manufacturer. ATS is securing this position by investing in a new facility to innovate on its fast-growing product lines.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Nicholson Manufacturing Ltd.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Valmet Oyj's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Comact Equipment Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Nicholson Manufacturing Ltd., and factors influencing its performance in the industry
- Description and key data for Valmet Oyj, and factors influencing its performance in the industry
- Description and key data for Comact Equipment Inc., and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Expanding environmental regulations increasingly impact machinery manufacturers in sectors like printing, paper, food, and textiles. Compliance challenges necessitate signifi...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profit margins are shrinking due to a tough operating environment. Manufacturers are still grappling with the effects of the pandemic while facing rising recession fears and ...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Assets (2017-2022)
- Liabilities (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Printing, Paper, Food, Textile & Other Machinery Manufacturing industry in Canada in 2024?
The market size of the Printing, Paper, Food, Textile & Other Machinery Manufacturing industry in Canada is $5.4bn in 2024.
How many businesses are there in the Printing, Paper, Food, Textile & Other Machinery Manufacturing in Canada industry in 2024?
There are 904 businesses in the Printing, Paper, Food, Textile & Other Machinery Manufacturing industry in Canada, which has grown at a CAGR of 0.3 % between 2019 and 2024.
Has the Printing, Paper, Food, Textile & Other Machinery Manufacturing industry in Canada grown or declined over the past 5 years?
The market size of the Printing, Paper, Food, Textile & Other Machinery Manufacturing industry in Canada has been growing at a CAGR of 1.0 % between 2019 and 2024.
What is the forecast growth of the Printing, Paper, Food, Textile & Other Machinery Manufacturing industry in Canada over the next 5 years?
Over the next five years, the Printing, Paper, Food, Textile & Other Machinery Manufacturing industry in Canada is expected to grow.
What are the biggest companies in the Printing, Paper, Food, Textile & Other Machinery Manufacturing market in Canada?
The biggest companies operating in the Printing, Paper, Food, Textile & Other Machinery Manufacturing market in Canada are Nicholson Manufacturing Ltd., Valmet Oyj and Comact Equipment Inc.
What does the Printing, Paper, Food, Textile & Other Machinery Manufacturing in Canada include?
Manufacturing other industrial machinery and Manufacturing food-product machinery are part of the Printing, Paper, Food, Textile & Other Machinery Manufacturing industry.
Which companies have the highest market share in the Printing, Paper, Food, Textile & Other Machinery Manufacturing in Canada?
The company holding the most market share in Canada is Nicholson Manufacturing Ltd..
How competitive is the Printing, Paper, Food, Textile & Other Machinery Manufacturing industry in Canada?
The level of competition is moderate and steady in the Printing, Paper, Food, Textile & Other Machinery Manufacturing industry in Canada.
