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 SWOT Analysis Chapter
Due to growing pressure from low-cost imported goods, the Hand Tool and Cutlery Manufacturing industry in Canada is in a declining life cycle stage. Over the ten years to 2020, industry value added, which measures an industry's contribution to the national economy, is expected to decrease 0.5% per year on average. In contrast, the Canadian economy is expected to grow at an annualized 2.2% over the same period.
In order to revitalize demand for their products, some industry operators (e.g. disposable razor manufacturers) have focused on introducing new variations of existing product lines... purchase to read more