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Metalworking Machinery Manufacturing in Ontario

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS ON33351CA

Metalworking Machinery Manufacturing in Ontario industry analysis

Revenue for the Metalworking Machinery Manufacturing industry in Ontario is expected to grow an annualized x% to $x.x billion over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has decreased an annualized -x.x% to xxx locations over the past five years. Industry employment has increased an annualized x.x% to x,xxx workers during the period, while industry wages have decreased an annualized -x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to decline an annualized -x.x% to $x.x billion, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to decline -x.x% to xxx locations over the next five years. Industry employment is expected to increase an annualized x.x% to x,xxx workers during the outlook period, while industry wages likely increase x% to $x.x million.

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About the Metalworking Machinery Manufacturing in Ontario Market Research Report

What’s Included in the Metalworking Machinery Manufacturing in Ontario Market Research Report

Definition of the Metalworking Machinery Manufacturing in Ontario?

This industry comprises operators that primarily manufacture metal-cutting and forming machine tools (except hand tools) and related products. The machine tools included in this industry are those not supported in the hands of an operator when in use. Operators that primarily manufacture industrial moulds; tools, dies, jigs and fixtures; machine tool accessories and attachments; and rolls are included in this industry.

What’s included in the Metalworking Machinery Manufacturing in Ontario?

The Metalworking Machinery Manufacturing in Ontario includes industrial mould, machine tools, metal-cutting machinery and metal-forming machinery, special tools, dies, jigs and fixtures, cutting tools and machine tool accessories and rolling mill and other metalworking machinery. Related terms covered in the Metalworking Machinery Manufacturing in Ontario industry report includes the use of computer technology for the design of real and virtual objects; abbreviated cad, a machine used for shaping a piece of material, such as wood or metal, by rotating it rapidly along its axis while pressing a fixed cutting or abrading tool against it and a mix of binary carbon compounds that form a very hard material when combined with a powdered binder of heavy metals, usually tungsten or titanium.

Industry Performance of the Metalworking Machinery Manufacturing industry in Ontario

Benchmark the Metalworking Machinery Manufacturing in Ontario industry performance with all ON Census Metropolitan Area and national performance.

Metalworking Machinery Manufacturing in Ontario

#1 in Highest Revenue 63.2% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Metalworking Machinery Manufacturing in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Metalworking Machinery Manufacturing industry in Ontario

See how key industry drivers, such as gross domestic product, private investment in non-residential construction, bachelorsed, aggregate private investment, industrial capacity utilization and new vehicle sales are impacting Metalworking Machinery Manufacturing in Ontario

Ontario Economic Indicators

Gross Domestic Product
Private Investment in Non-Residential Construction
BachelorsEd

View more economic information in ON State Economic profile

Canada Key External Drivers

Aggregate private investment
Industrial capacity utilization
New vehicle sales

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Metalworking Machinery Manufacturing industry in Ontario

Access proprietary data on Census Metropolitan Area in the Metalworking Machinery Manufacturing in Ontario, such as Toronto, Windsor and Kitchener - Cambridge - Waterloo. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Metalworking Machinery Manufacturing industry in Ontario

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Metalworking Machinery Manufacturing industry in Ontario in 2025?

The market size of the Metalworking Machinery Manufacturing industry in Ontario is $4.1bn in 2025.

How many businesses are there in the Metalworking Machinery Manufacturing industry in Ontario in 2025?

There are 997 businesses in the Metalworking Machinery Manufacturing industry in Ontario, which has been declining at an average annual rate of -0.8% from 2020 to 2025.

Has the Metalworking Machinery Manufacturing industry in Ontario grown or declined over the past 5 years?

The market size of the Metalworking Machinery Manufacturing industry in Ontario has been growing at an average annual rate of 1.0% from 2020 to 2025.

How many employees in the Metalworking Machinery Manufacturing industry in Ontario in 2025?

There are 12,560 employees in the Metalworking Machinery Manufacturing industry in Ontario, which has been growing at an average annual rate of 0.2% from 2020 to 2025.