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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 2016

Dull blade: Revenue will contract as input prices rise and competition remains fierce

IBISWorld’s Hand Tool & Cutlery Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$800m
Annual Growth 11-16
3.0%
Annual Growth 16-21
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Profit
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Employment
3,225
Businesses
305
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 begun to decrease 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 Key Buyers Chapter

Market share concentration in the Hand Tool & Cutlery Manufacturing industry in Canada is relatively low, with the three largest industry companies expected to account for less than a third of the total market in 2016. Despite its highly fragmented nature, the industry has consolidated slightly due to the exit of many underperforming businesses during the past five years. In particular, the number of enterprises is expected to fall at an annualized 5.9% to 305 companies over the five years to 2016.

In addition, some merger and acquisition activity amongst the larger operators has helped drive industry consolidation during this period... 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 Handsaws, saw blades and tipsKitchenware
 
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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