Industry Analysis & Industry Trends
The Cabinet and Vanity Manufacturing industry has grown moderately in the five years to 2015, despite industry contraction in the immediate wake of the economic downturn. At the beginning of the period, demand for industry products was low as residential housing expenditure and consumer confidence lagged. The subsequent strengthening of economic conditions spurred a recovery in downstream demand from the construction sector in Canada and the United States, leading to demand for industry products such as cabinets and countertops for new homes and renovated properties. In the coming years, the industry will moderately expand, due to the recovery of the domestic and US housing markets... purchase to read more
Industry Report - Industry Investment Chapter
The Cabinet and Vanity Manufacturing industry has a low level of capital intensity. On average, firms spend $0.06 on machinery, equipment and other capital expenses for every dollar spent on labour. The industry is labour intensive, relying on skilled, often vocationally trained employees. Workers must be able to read drawings and specifications, use various machinery including hand tools and larger manufacturing machines, and perform final assembly and finishing functions on a job site.
In the past five years, medium and large-sized firms have increased capital costs by implementing new technologies such as computer-assisted design and manufacturing (CAD / CAM) technology... purchase to read more