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 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 2015. 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 4.7% to 319 companies over the five years to 2015.
In addition, some merger and acquisition activity amongst the larger operators has helped drive industry consolidation during this period... purchase to read more