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Construction Machinery Manufacturing in Canada Industry Data and Analysis
The health of the construction sector varies significantly based on factors such as macroeconomic conditions, interest rates, foreign demand and public investment, making construction machinery producers susceptible to considerable revenue volatility. During the early stages of the 2020 pandemic, demand for new equipment slowed sharply, primarily due to weaker nonresidential construction activity. The Bank of Canada responded by cutting interest rates to stimulate the economy, leading to a revenue boom in 2021. Although rates began to rise in 2022, the recovering construction sector sustained revenue and profit gains, although at a slower pace. As macroeconomic conditions improved, interest rates started to fall in 2024. Although lower rates typically support construction activity, an extended period of high rates limited revenue growth, resulting in relatively small changes in revenue in 2024 and 2025. Construction machinery producers have benefited from public sector infrastructure initiatives. Government investment in projects such as roads, bridges and energy and manufacturing facilities supports demand for construction companies, which rely heavily on machinery. Higher commodity prices have boosted machinery demand from the mining, agriculture and forestry sectors, driving machinery sales. Overall, these factors are set to cause revenue to strengthen at a CAGR of 8.3% to $3.9 billion by the end of 2025, including a 0.5% gain in that year.
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What's included in this industry analysis
IBISWorld's research coverage on the Construction Machinery Manufacturing industry in Canada includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released June 2025.
About this industry
What's this industry report about?
The Construction Machinery Manufacturing industry in Canada operates under the NAICS industry code 33312CA. This industry manufactures construction machinery and equipment for use in residential, nonresidential, highway, street and other infrastructure construction. This industry does not manufacture agricultural or mining vehicles such as farming tractors or mining drills. Related terms covered in the Construction Machinery Manufacturing industry in Canada include dozer, north american free trade agreement (nafta) and grading.
What's included in this industry?
Products and services covered in Construction Machinery Manufacturing industry in Canada include Lifting, handling, loading machinery , Other construction machinery and equipment including parts and Diesel powered trucks and parts.
What companies are included in this industry?
The Construction Machinery Manufacturing industry in Canada is highly fragmented with no companies holding a market share greater than 5%.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Construction Machinery Manufacturing industry in Canada.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Construction Machinery Manufacturing industry in Canada.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Construction Machinery Manufacturing industry in Canada.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Construction Machinery Manufacturing industry in Canada. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Construction Machinery Manufacturing industry in Canada. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Construction Machinery Manufacturing industry in Canada. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Construction Machinery Manufacturing industry in Canada. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Construction Machinery Manufacturing industry in Canada.
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Frequently Asked Questions
What is the market size of the Construction Machinery Manufacturing industry in Canada in 2026?
The market size of the Construction Machinery Manufacturing industry in Canada is $3.9bn in 2026.
How many businesses are there in the Construction Machinery Manufacturing industry in Canada in 2025?
There are 492 businesses in the Construction Machinery Manufacturing industry in Canada, which has grown at a CAGR of 6.7 % between 2020 and 2025.
How may import tariffs affect the Construction Machinery Manufacturing industry in Canada?
The Construction Machinery Manufacturing industry in Canada is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.
How may export tariffs affect the Construction Machinery Manufacturing industry in Canada?
The Construction Machinery Manufacturing industry in Canada is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Construction Machinery Manufacturing industry in Canada grown or declined over the past 5 years?
The market size of the Construction Machinery Manufacturing industry in Canada has been growing at a CAGR of 8.3 % between 2020 and 2025.
What is the forecast growth of the Construction Machinery Manufacturing industry in Canada over the next 5 years?
Over the next five years, the Construction Machinery Manufacturing industry in Canada is expected to grow.
What does the Construction Machinery Manufacturing industry in Canada include?
Manufacturing construction machinery parts and Manufacturing trucks and other vehicles are part of the Construction Machinery Manufacturing industry in Canada.
How competitive is the Construction Machinery Manufacturing industry in Canada?
The level of competition is high and increasing in the Construction Machinery Manufacturing industry in Canada.
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