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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 Investment Chapter

ThThe Hand Tool and Cutlery Manufacturing industry in Canada has a moderate degree of capital intensity. For every $1.00 that industry producers spend on labour costs in 2014, IBISWorld expects them to invest $0.14 into capital expenditures. Capital intensity has increased in recent years as companies have increasingly invested in automation, which decreases labour spending and necessitates costly new equipment purchases. Some industry companies may be particularly labour intensive, and may have capital requirements that deviate significantly from the industry average... 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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