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Hand Tool & Cutlery Manufacturing in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hand Tool & Cutlery Manufacturing in Canada Market Research Report | NAICS 33221CA | Apr 2014

Cutting profit: The industry will decline as low-cost imports continue to rise

IBISWorld’s Hand Tool & Cutlery Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$708m
Annual Growth 09-14
-0.8%
Annual Growth 14-19
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Profit
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Employment
3,920
Businesses
345
Industry Analysis & Industry Trends

This industry comprises establishments primarily engaged in manufacturing nonprecious and precious plated metal cutlery and flatware; manual hand and edge tools; manual handsaws; all types of saw blades; and pots and pans. Largely due to pressure from low-cost imports, industry revenue has fallen during the past five years. Shrinking industry profitability has made it difficult for many firms to stay in business. Going forward, the outlook for the Hand Tool and Cutlery Manufacturing industry is bleak. Import pressure will remain steady, causing more businesses to exit the industry, and employment will likely suffer accordingly... purchase to read more

Industry Report - Industry Products Chapter

Hand and edge tools

Hand and edge tool sales account for more than 50.0% of industry revenue in 2014. This segment includes a wide variety of tools for home, garden, farm and specialty uses. Home, garden and farm tools in this product segment include axes, nonelectric drills and drill bits, hammers, screwdrivers, hoes, wrenches, pliers, rakes, shears, sickles, spades, trowels, clippers for animal use and hand-powered lawn mowers. Other tools in this segment are designed specifically for specialty tasks and are often used by professionals, such as plumbers, mechanics or building constructors. These tools include blow torches, chisels, cutting dies, files, jacks, levels, crowbars, soldering irons, vises and precision-measuring tools, among others... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hand Tool & Cutlery Manufacturing Industry?

This industry comprises establishments primarily engaged in manufacturing nonprecious and precious plated metal cutlery and flatware; manual hand and edge tools; manual handsaws; all types of saw blades, including those for sawing machines; metal kitchen utensils; and pots and pans (except those manufactured by casting).

Industry Products
Hand and edge tools Saw blades and handsawsKitchen utensils, pots and pans Cutting implements and flatware
 
Industry Activities
Manufacturing metal cutlery and flatwareManufacturing nonpowered hand and edge toolsManufacturing nonpowered handsaws and saw bladesManufacturing metal kitchen utensilsManufacturing pots and pans


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