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 - Starting a New Business Chapter
Barriers to entry in the Cabinet and Vanity Manufacturing industry are medium. These barriers include buying and selling markets, entry costs and the availability of skilled labour.
Potential operators may be deterred from entering this industry by the well-established distribution networks among existing operators and suppliers. New entrants must establish upstream supply relationships with manufacturers and wholesalers (e.g. glass, lumber and plastics providers) to secure high-quality inputs at low prices. Such arrangements keep prices competitive and can act as barriers, with new entrants being restricted from using the same materials... purchase to read more