Industry Analysis & Industry Trends
During the five years to 2014, the Cabinet and Vanity Manufacturing industry fared poorly in the five years to 2014 because of shattered consumer confidence in the economy and slow residential housing expenditures due to the recession. Additionally, the steadily strengthening Canadian dollar made it cheaper for consumers to purchase imported cabinets and wood furniture products, thus adding to the marginal revenue growth over the period. In the five years to 2019, the industry is expected to moderatly expand, due to the recovery of the domestic and US housing markets. However, import competition will continue to grow because of the appreciating Canadian dollar... 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