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Engine & Turbine Manufacturing in Canada Industry Data and Analysis
During the current period, Canadian engine and turbine manufacturers have seen increasing revenue while facing significant challenges from at home and abroad. One of the primary obstacles has been the high level of import penetration, with a substantial portion of domestic demand being satisfied by foreign-made products, particularly in the engine segment for trucks and equipment. This competition has hurt revenues and led to a reduction in domestic establishments as companies move production abroad. However, the robust performance of Canada's industrial sector has fueled demand for engines and turbines, as heightened industrial activity and capacity utilization rates drive investments in upgrades and replacements. Manufacturers have responded by increasing production and expanding offerings to capitalize on industrial growth opportunities. Overall, engine and manufacturing revenue has increased at a CAGR of 5.6% to an expected $1.8 billion after growing 3.1% in 2025.
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What's included in this industry analysis
IBISWorld's research coverage on the Engine & Turbine Manufacturing industry in Canada includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released May 2025.
About this industry
What's this industry report about?
The Engine & Turbine Manufacturing industry in Canada operates under the NAICS industry code 33361aCA. The Engine and Turbine Manufacturing industry in Canada manufactures turbines, engines and equipment used for power transmission, such as generators and heavy-duty equipment. The manufacture of parts and accessories, such as speed changers, drives and gears, is included, but wind turbine manufacturing is excluded. Related terms covered in the Engine & Turbine Manufacturing industry in Canada include engine, turbine and original equipment manufacturers (oems).
What's included in this industry?
Products and services covered in Engine & Turbine Manufacturing industry in Canada include Engines for trucks, locomotives, marine and other equipment, Turbines and turbine generator sets and Mechanical power transmission equipment.
What companies are included in this industry?
Companies covered in the Engine & Turbine Manufacturing industry in Canada include ADF Diesel, INNIO Group and Rolls-Royce.
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 Engine & Turbine 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 Engine & Turbine 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 Engine & Turbine 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 Engine & Turbine 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 Engine & Turbine 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 Engine & Turbine 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 Engine & Turbine 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 Engine & Turbine Manufacturing industry in Canada.
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Frequently Asked Questions
What is the market size of the Engine & Turbine Manufacturing industry in Canada in 2026?
The market size of the Engine & Turbine Manufacturing industry in Canada is $1.8bn in 2026.
How many businesses are there in the Engine & Turbine Manufacturing industry in Canada in 2025?
There are 47 businesses in the Engine & Turbine Manufacturing industry in Canada, which has declined at a CAGR of 4.4 % between 2020 and 2025.
How may import tariffs affect the Engine & Turbine Manufacturing industry in Canada?
The Engine & Turbine 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 Engine & Turbine Manufacturing industry in Canada?
The Engine & Turbine 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 Engine & Turbine Manufacturing industry in Canada grown or declined over the past 5 years?
The market size of the Engine & Turbine Manufacturing industry in Canada has been growing at a CAGR of 5.6 % between 2020 and 2025.
What is the forecast growth of the Engine & Turbine Manufacturing industry in Canada over the next 5 years?
Over the next five years, the Engine & Turbine Manufacturing industry in Canada is expected to decline.
What are the biggest companies in the Engine & Turbine Manufacturing industry in Canada?
The biggest companies operating in the Engine & Turbine Manufacturing industry in Canada are ADF Diesel, INNIO Group and Rolls-Royce
What does the Engine & Turbine Manufacturing industry in Canada include?
Manufacturing diesel, semi-diesel and dual-fuel engines and Manufacturing gas, steam and other turbines, generator sets and accessories are part of the Engine & Turbine Manufacturing industry in Canada.
Which companies have the highest market share in the Engine & Turbine Manufacturing industry in Canada?
The company holding the most market share in the Engine & Turbine Manufacturing industry in Canada is ADF Diesel.
How competitive is the Engine & Turbine Manufacturing industry in Canada?
The level of competition is moderate and steady in the Engine & Turbine Manufacturing industry in Canada.
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