Industry: Construction & Manufacturing | Publish Date: 16-Oct-2024 | No of Pages: 79 | No. of Tables: 49 | No. of Figures: 34 | Format: PDF | Report Code : CM2791
The Canada Ceramic Machinery Market size was valued at USD 82.5 million in 2023, and is predicted to reach USD 149.1 million by 2030, at a CAGR of 8.3% from 2024 to 2030.
The ceramic machinery market, also known as the ceramic manufacturing equipment market, involves the global industry that designs, produces, and distributes machinery for making ceramic products such as tiles, sanitary ware, tableware, and advanced ceramics. This market includes equipment like crushers, grinding mills, kilns, dryers, and presses, used throughout the ceramic production process, from raw material preparation to the final product.
Ceramic manufacturing equipment offers high precision for shaping, glazing, and producing ceramics, resulting in consistent product quality, faster production, and lower labor costs. It is essential for meeting the growing need for quality ceramics, supported by advancements in manufacturing technology and increased automation investments.
The rise in renewable energy projects in Canada is significantly impacting the ceramic machinery market. Ceramics are essential for manufacturing components used in solar panels, wind turbines, and other renewable energy technologies due to their durability, high thermal resistance, and electrical insulation properties.
The Government of Canada reports that the installed capacity for solar photovoltaic (PV) energy soared from 26 megawatts (MW) in 2007 to 6,452 MW in 2022. Similarly, wind power capacity increased from 1,846 MW in 2007 to 15,132 MW in 2022. This growth highlights the rising demand for advanced ceramics in renewable energy, leading to further expansion and innovation in the Australia ceramic machinery market.
The growth of the country's real estate sector is also fueling the Canada ceramic machinery market trends. As residential, commercial, and industrial properties expand, there is a higher demand for durable, attractive, and low-maintenance ceramic products such as tiles, flooring, and fixtures. This increased demand drives the need for advanced ceramic machinery to produce these materials.
According to the Canadian Real Estate Association, home sales rose by 3.7% from May to June 2024, and new property listings increased by 1.5% month-over-month. This uptick in real estate activity underscores the need for advanced ceramic manufacturing equipment to meet the growing demand for ceramic materials used in various properties.
A significant challenge for the Canada ceramic machinery market growth is the high initial investment needed for advanced equipment. This substantial financial requirement creates a major barrier, particularly for smaller companies and startups, hindering their ability to invest in the latest technologies.
The large capital needed to purchase and install sophisticated machinery limits these businesses from upgrading their operations or expanding their capabilities. As a result, this financial constraint impedes the overall market growth by restricting many manufacturers from adopting new, more efficient production technologies that could advance the industry.
The integration of inkjet technology into ceramic manufacturing equipment offers a valuable opportunity for the Canada ceramic machinery market growth. This technology allows for high-resolution, customizable printing directly on ceramic surfaces, creating intricate designs, vibrant colors, and detailed patterns. It meets the increasing demand for personalized and aesthetically appealing ceramics.
Additionally, inkjet technology improves production efficiency by reducing reliance on traditional, labor-intensive methods, thus lowering costs and enhancing manufacturing processes. This advancement not only provides a competitive edge but also opens up new growth opportunities within the Canada ceramic machinery market expansion, making it a key investment for future development and innovation.
Several key players operating in the Canada ceramic machinery industry include Ceramics Canada, KEDA Industrial Group Co., Ltd., CeramTec North America LLC, Aremco Products, Inc., Bomas Machine Specialties, Inc., and others.
Shaping Machines
Decorative and Glazing Machines
Kilns and Firing Machines
Raw Material Processing Machines
Storage and Handling Machines
Others Machinery
Tile
Sanitary Ware
Tableware
Technical Ceramics
Refractories
Abrasive
Construction
Automotive
Electronics
Others
Ceramics Canada
KEDA Industrial Group Co., Ltd.
CeramTec North America LLC
Aremco Products, Inc.
Bomas Machine Specialties, Inc.
Others
Parameters |
Details |
Market Size in 2023 |
USD 82.5 Million |
Revenue Forecast in 2030 |
USD 149.1 Million |
Growth Rate |
CAGR of 8.3% from 2024 to 2030 |
Analysis Period |
2023–2030 |
Base Year Considered |
2023 |
Forecast Period |
2024–2030 |
Market Size Estimation |
Million (USD) |
Growth Factors |
|
Companies Profiled |
10 |
Market Share |
Available for 10 companies |
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |