Needs recharging: High import competition and low exports will hamper revenue growth

The Battery Manufacturing industry in Canada has been on the decline over the past decade. Over the five years to 2019, the industry experienced high revenue volatility, due to its large dependence on exports and the vast proliferation of imports which have mired the industry for year. Due to the high proliferation of imports, companies often find themselves competing on the basis of technology, spurring research and development (R&D) spending.Over the five years to 2024, revenue is expected to continue to decline due to a persistent decrease in exports caused by an appreciation of the Canadian dollar and reduced demand from downstream manufacturers. Additionally, imports will remain a key threat to the industry...read more.

Industry Statistics & Market Size
Revenue
$116m
Annual Growth 14-19
-5.4%
Forecast Growth 19-24
Profit
Employment
530
Businesses
42

Industry Threats & Opportunities

  • Operators will specialize in niche industries to offset rising competition
  • The high proliferation of imports poses the biggest threat to the industry
  • The anticipated appreciation of the Canadian dollar will hamper export activity
  • Industry Report - Starting a New Business Chapter

    Barriers to entry in the Battery Manufacturing industry in Canada are high due to high initial capital investment, research and development costs and intense competition from established manufacturers. The major players in this industry are well established, with globally recognized brands as well as established research and development departments that cater to specialized and niche markets worldwide. New entrants will find it difficult to enter an industry that is well established and involves a product where the pace of technical innovation is rapid. New entrants need access to the latest knowledge, machinery and skilled staff which may deter many potential entrants...purchase to read more.

    Additional Insights for the Battery Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Battery Manufacturing Industry are

  • Access to the latest available and most efficient technology and techniques
  • Effective quality control
  • Undertaking technical research and development
  • IBISWorld analysts also discuss how external factors such as Canadian effective exchange rate index and Demand from electrical equipment, appliance and component manufacturing in the Battery Manufacturing industry impact industry performance..

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    What's in this report

    What is the Battery Manufacturing Industry?

    This industry manufactures two types of batteries: primary and secondary batteries. Secondary batteries are also known as rechargeable or storage batteries. Primary batteries have only one life and are not rechargeable. Industry products have a variety of uses, including in cell phones, medical equipment, households and the automotive and transport sectors.

    Industry Products
  • Lead batteries for piston engines
  • Other lead batteries
  • Nickel batteries
  • Other batteries
  • Battery parts
  • Industry Activities
  • Alkaline battery
  • Automobile battery
  • Lead-acid storage battery
  • Nickel-cadmium storage battery
  • Alkaline manganese primary battery
  • Flashlight battery
  • Lithium battery
  • Transistor radio battery
  • Watch battery
  • Zinc-carbon battery
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Canadian effective exchange rate index
  • Demand from electrical equipment, appliance and component manufacturing
  • Demand from transportation equipment manufacturing
  • World price of lead

  • Current Performance
  • Changing product mix
  • Trade provides opportunities and threats
  • Falling prices leads to declining profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry trade
  • Specialization is key to survival
  • Table: Battery Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Battery Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Communications Equipment Manufacturing in Canada
  • Audio & Video Equipment Manufacturing in Canada
  • Car & Automobile Manufacturing in Canada
  • SUV & Light Truck Manufacturing in Canada
  • Truck & Bus Manufacturing in Canada
  • Toy, Doll & Game Manufacturing in Canada
  • Auto Mechanics in Canada

  • Key Selling Industries
  • Inorganic Chemical Manufacturing in Canada
  • Metal Stamping & Forging in Canada
  • Metal Wholesaling in Canada
  • Nonferrous Metal Rolling & Alloying in Canada
  • Other Plastic Product Manufacturing in Canada

  • Products & Services
  • Other batteries
  • Other lead batteries
  • Battery parts
  • Lead batteries for piston engines
  • Nickel batteries
  • Chart: Battery Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports to the United States
  • Exports to other countries
  • Original equipment manufacturers (OEMs)
  • Other
  • Mass merchandisers
  • Chart: Major Market Segmentation for the Battery Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesResearch and developmentWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Battery Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Battery Manufacturing Industry

  • Industry Globalization
    Surrette Battery Company Ltd., Vectra Co., Corvus Energy Ltd, Electrovaya Inc., E-One Moli Energy,
  • Table: Surrette Battery Company Ltd. - financial performance
  • Table: Vectra Co. - financial performance
  • Table: Corvus Energy Ltd - financial performance
  • Table: Electrovaya Inc. - financial performance
  • Table: E-One Moli Energy - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Battery Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Battery Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)
  • World price of lead (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Lithium-Ion Batteries
  • Lithium-ion (Li-ion) batteries are rechargeable batteries, commonly used in consumer electronic products.
  • Primary Batteries
  • Batteries that cannot be recharged after they are used and thus are disposed of once the charge is gone.
  • Rechargeable Batteries
  • Also referred to as secondary or storage batteries, they are batteries that can be recharged.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Battery Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Battery Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Battery Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Battery Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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