Industry Statistics and Trends
Market size and recent performance (2015-2030)
Industry revenue has grown at a CAGR of 3.1 % over the past five years, to reach an estimated $2.2bn in 2025.
Trends and Insights
Federal defence investment surge to accelerate demand visibility, supplier capacity and supply chain modernization in Canadian metal forming
- According to Canada.ca, the official website of the Government of Canada, Canada’s 2025 defence budget sets a record $9 billion ($8.3 billion accrual) increase, lifting total defence expenditure to 2% of GDP and directly enhancing the business outlook for metal stamping and forging suppliers. Planned federal investments address multiple dimensions: recruitment and retention, equipment and digital upgrades, enhanced industry partnership and diversified supply chains.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2025-2030)
Market size is projected to grow over the next five years.
Trends and Insights
Increase in research and development spending prompts advanced manufacturing upgrades and rising demand for custom roll-formed products
- Research and development expenditure is projected to rise at a CAGR of 2.5% over the next five years, supporting greater adoption of automation, quality control and new alloys within the industry. Industry revenue is expected to increase at a CAGR of 1.2%, reaching $2.3 billion, as companies pursue process efficiency and product differentiation. The value of custom roll-formed products, currently 20.7% of output, remains closely tied to advances in design and forming technology. R&D investments are expected to fuel innovation in precision forming and expand offerings in segments serving industrial, energy and transportation needs. These upgrades connect directly to the pursuit of higher value-added and specialty product opportunities.
Biggest companies in the Metal Stamping & Forging in Canada
| Company | Market Share (%)
2025 | Revenue ($m)
2025 | Profit ($m)
2025 | Profit Margin (%)
2025 |
|---|---|---|---|---|
ATI Inc. | 229.6 | 29.5 | 12.8 | |
Patriot Forge | 53.4 | 3.4 | 6.4 |
To view the market share and analysis for all 2 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 Nonautomotive stamping, Custom roll-formed products and Powder metallurgy. Nonautomotive stamping is the largest segment of the Metal Stamping & Forging in Canada.
Trends and Insights
Nonautomotive stamping generates the largest portion of industry revenue through diverse applications in construction, appliances and electronics
- Nonautomotive stamping shapes metal sheets into components used outside of the automotive market. Construction projects demand stamped brackets, channels and framing hardware to meet building code requirements for commercial and residential sites. Appliance and electrical equipment manufacturers source large volumes of stamped parts like housings, supports and plates for precise assembly and consistent performance. Electronics producers rely on stamped connectors, contacts and enclosures for devices where miniaturization and accuracy are important. Wide adoption in these markets ensures nonautomotive stamping holds a central place in industry revenue.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
The industry produces stamped and forged metal products. Stamped metal products are shaped under a press, whereas forged metal products are shaped by a localized compressive force. However, this industry does not stamp automotive products, cans or coins.
What's included in this industry?
Products and services covered in the Metal Stamping & Forging industry in Canada include Nonautomotive stamping, Custom roll-formed products, Powder metallurgy, Ferrous metal forging and Nonferrous metal forging.Companies
Companies covered in the Metal Stamping & Forging industry in Canada include ATI Inc. and Patriot Forge.Purchase this report to view all 2 major companies in this industry.
Related Terms
Related terms covered in the Metal Stamping & Forging industry in Canada include original equipment manufacturer (oem), metal stamping and metal forging.Industry Code
NAICS 33211 - Metal Stamping & Forging 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
The industry has achieved positive revenue growth over the past five years. Expanding demand from markets such as aerospace and manufacturing has boosted production volumes. ...
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 (2015-2024) and forecast (2025-2030)
- Employees, including historical (2015-2024) and forecast (2025-2030)
- Businesses, including historical (2015-2024) and forecast (2025-2030)
- Profit, including historical (2015-2025)
- 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
Nonautomotive stamping represents the largest product segment in the industry. This type of stamping is in strong demand for various commercial and industrial applications. C...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2025
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2025
- Major market segmentation in 2025
- 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 the industry with the largest concentration of business locations. The province offers access to established manufacturing corridors and major transportation ro...
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 2025
Tables
- Number and share of establishments in each province in 2025
- Number and share of revenue each province accounts for in 2025
- Number and share of wages each province accounts for in 2025
- Number and share of employees in each province in 2025
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
Market share concentration remains low in the industry. No single company controls a dominant portion of revenue. The market features many small and mid-sized businesses comp...
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 2020-2025
- 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
Market consolidation has remained low and small to mid-sized businesses dominate in number. Concentration has not significantly increased over the past five years. Companies ...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2021 through 2025
- Major companies in the industry, including market share, revenue, profit and profit margin in 2025
- Overview of ATI Inc.'s performance by revenue, market share and profit margin from 2019 through 2025
- Overview of Patriot Forge's performance by revenue, market share and profit margin from 2019 through 2025
Detailed analysis
- Description and key data for ATI Inc., and factors influencing its performance in the industry
- Description and key data for Patriot Forge, 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
Federal agencies, such as Innovation, Science and Economic Development Canada, enforce standards governing manufacturing processes and product quality. Safety and environment...
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 (2015-2030)
- Assistance historical data and forecast (2015-2030)
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 as a share of revenue has declined. Higher purchase costs and intense market competition are the primary reasons. Companies face ongoing pressure to control spending a...
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 2025
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2018-2023)
- Coverage Ratios (2018-2023)
- Leverage Ratios (2018-2023)
- Operating Ratios (2018-2023)
- Assets (2018-2023)
- Liabilities (2018-2023)
- Cash Flow & Debt Service Ratios (2015-2030)
- Revenue per Employee (2015-2030)
- Revenue per Enterprise (2015-2030)
- Employees per Establishment (2015-2030)
- Employees per Enterprise (2015-2030)
- Average Wage (2015-2030)
- Wages/Revenue (2015-2030)
- Establishments per Enterprise (2015-2030)
- IVA/Revenue (2015-2030)
- Imports/Demand (2015-2030)
- Exports/Revenue (2015-2030)
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 (2015-2030)
- IVA (2015-2030)
- Establishments (2015-2030)
- Enterprises (2015-2030)
- Employment (2015-2030)
- Exports (2015-2030)
- Imports (2015-2030)
- Wages (2015-2030)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Metal Stamping & Forging industry in Canada in 2025?
The market size of the Metal Stamping & Forging industry in Canada is $2.2bn in 2025.
How many businesses are there in the Metal Stamping & Forging industry in Canada in 2025?
There are 316 businesses in the Metal Stamping & Forging industry in Canada, which has declined at a CAGR of 1.0 % between 2020 and 2025.
How may import tariffs affect the Metal Stamping & Forging industry in Canada?
The Metal Stamping & Forging 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 Metal Stamping & Forging industry in Canada?
The Metal Stamping & Forging industry in Canada is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Metal Stamping & Forging industry in Canada grown or declined over the past 5 years?
The market size of the Metal Stamping & Forging industry in Canada has been growing at a CAGR of 3.1 % between 2020 and 2025.
What is the forecast growth of the Metal Stamping & Forging industry in Canada over the next 5 years?
Over the next five years, the Metal Stamping & Forging industry in Canada is expected to grow.
What are the biggest companies in the Metal Stamping & Forging industry in Canada?
The biggest companies operating in the Metal Stamping & Forging industry in Canada are ATI Inc. and Patriot Forge
What does the Metal Stamping & Forging industry in Canada include?
Nonautomotive stamping and Custom roll-formed products are part of the Metal Stamping & Forging industry in Canada.
Which companies have the highest market share in the Metal Stamping & Forging industry in Canada?
The company holding the most market share in the Metal Stamping & Forging industry in Canada is ATI Inc..
How competitive is the Metal Stamping & Forging industry in Canada?
The level of competition is moderate and increasing in the Metal Stamping & Forging industry in Canada.
Related Industries
Widen your competitive advantage with related industries
Competitors
Complementors
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.
