Industry Analysis & Industry Trends
The marginal increase in revenue for the Wiring Device Manufacturing industry has mostly been a result of fluctuations in demand from downstream industries. In 2009, domestic demand for wiring devices plummeted as demand from residential building construction fell. However, in the five years to 2019, a recovery in key downstream industries and a rise in exports will support revenue growth for the industry. The Canadian housing market is expected to increase steadily in the five years to 2019; as a result, demand from those industries for wiring devices, such as connectors and switches, will rise, driving industry revenue growth. Over the period, exports, especially to the United States, will help industry operators with an alternative revenue stream to help offset rising imports... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Well-established products and clearly segmented product groups characterize the Wiring Device Manufacturing industry. New products typically replace or supplement old products rather than create new markets, especially with noncurrent-carrying wiring device products. A stable product line indicates that the industry is in the mature phase of its economic life cycle.
Furthermore, the industry's contribution to the overall economy, measured by industry value added (IVA), is expected to increase at an average annual rate of 1.3% in the 10 years to 2019. The limited growth in IVA is explained by the 2009 and 2013 contraction in industry activity following the housing crisis, the subsequent recovery in industrial activity, and then the brief decrease in construction in 2013... purchase to read more