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 2021, 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 2021; 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 - Starting a New Business Chapter
The major barriers to entry for this industry include access to the latest technology and skilled employees, as well as the benefits of reputation and client relationships held by incumbents. Furthermore, production teams must be able to create and develop efficient, reliable and safe electrical equipment.
The largest players in this industry have global operations, established production facilities and distribution arrangements, internally developed and acquired technologies, a large range of products and well-known brand names. Large, established firms can have relatively low unit costs in production and R&D because of their size. Scale can also increase negotiating power in purchasing raw materials, which represents a significant cost... purchase to read more