$XX.Xbn
$X.Xbn
XX,XXX
X,XXX
$XX.Xbn
Nonresidential construction plunged amid the outbreak of the pandemic because business closures constrained corporate profit, reducing expenditures on construction equipment. Demand from residential markets remained strong because low interest rates and high per capita disposable income enabled consumers to buy and renovate homes. The Bank of Canada has raised interest rates to combat high inflation. The elevated cost of borrowing has made it more difficult for households to purchase new homes or engage in improvements to their residences, reducing spending on equipment for residential construction products. Still, multifamily construction continuing to expand offset declines in single-family construction activity. Also, nonresidential construction ramped up despite rate hikes, boosting the need for construction equipment. Overall, industry revenue has been increasing at a CAGR of 4.0% over the past five years to total an estimated $27.7 billion in 2024, including an estimated 0.6% drop in 2024.
Industry revenue has grown at a CAGR of XX.X% over the past five years, to reach an estimated $XX.Xbn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Toromont | 2,075.0 | 316.1 | 15.2 | |
Finning | 712.4 | 50.7 | 7.1 | |
Strongco | 433.8 | 29.1 | 6.7 |
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Construction & Forestry Equipment Wholesaling in Canada
Industry revenue is measured across several distinct product and services lines, including New construction equipment, New forestry equipment and Equipment parts. New construction equipment is the largest segment of the Construction & Forestry Equipment Wholesaling in Canada.
Nonresidential construction picking up has benefitted new construction equipment sales
This industry wholesales specialized machinery, equipment and related parts used in construction and logging activity. This industry doesn't engage in the wholesaling of mining, oil well machinery or equipment.
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NAICS 417210 - Construction & Forestry Equipment Wholesaling in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Growth's been robust despite volatility. High steel prices and climbing expenditures to support construction and mining activities have largely contributed to this trend.
Learn about an industry's products and services, markets and trends in international trade.
Sales of used equipment are rising because of economic instability. Factors such as the pandemic and interest rate hikes have fuelled this surge.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Ontario holds most of Canada's populace. The province's booming construction industry provides wholesalers with a rich network of revenue opportunities.
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.
Forestry and construction equipment wholesalers often hold a geographical monopoly. Even so, some rivalry persists among wholesalers peddling varied equipment brands within t...
Learn about the performance of the top companies in the industry.
Market concentration is low among wholesalers. Few wholesalers hold a significant share of revenue because of the contractual nature of the business, which dampens consolidat...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Canadian wholesalers of construction and forestry equipment must comply with various laws. These necessary regulations tackle licensing, labour practices, environmental prote...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Wages have shrunk as a share of revenue. This trend is mainly because of soaring revenue growth and substantial tech investments that lessen the need for human labour.
Including values and annual change:
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Key data sources in Canada include:
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:
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The market size of the Construction & Forestry Equipment Wholesaling industry in Canada is $XX.Xbn in 2024.
There are $XX.Xbn businesses in the Construction & Forestry Equipment Wholesaling industry in Canada, which has declined at a CAGR of XX.X% between 2019 and 2024.
The market size of the Construction & Forestry Equipment Wholesaling industry in Canada has been stable at a CAGR of XX.X% between 2019 and 2024.
Over the next five years, the Construction & Forestry Equipment Wholesaling industry in Canada is expected to remain static.
The biggest companies operating in the Construction & Forestry Equipment Wholesaling market in Canada are Toromont, Finning and Strongco
Wholesaling concrete mixing and processing equipment and Wholesaling asphalt mixing and laying equipment are part of the Construction & Forestry Equipment Wholesaling industry.
The company holding the most market share in Canada is Toromont.
The level of competition is low and steady in the Construction & Forestry Equipment Wholesaling industry in Canada.