Powering up: Strong performance in construction markets will stimulate industry demand

The Power Tools and Other General-Purpose Machinery Manufacturing industry in Canada manufactures a variety of miscellaneous general-purpose machinery. Over the five years to 2019, the industry has benefited from an improving economy. Increased consumer spending has stimulated demand for manufactured goods, and many industry products are used in manufacturing processes. The domestic dollar depreciated significantly during the first half of the reporting period, which helped to make domestic goods more affordable in foreign markets. Further, growth in manufacturing output and strong performance in construction markets in the United States has helped to stimulate demand for industry products...read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 14-19
4.4%
Forecast Growth 19-24
Profit
Employment
12,527
Businesses
1,211
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Slow consumer spending may weaken demand for manufactured goods
  • The industry is dominated by international trade
  • Demand fluctuations in downstream US markets will strongly effect the industry
  • Industry Report - Industry Analysis Chapter

    The Power Tools and Other General-Purpose Machinery Manufacturing industry in Canada manufactures a variety of general-purpose machinery, ranging from packaging machinery to power-driven hand tools to automatic assembly machines. Despite the diversity of industry products, most industry goods are destined for one of two major downstream markets, which include manufacturing or activity related to construction, either through direct sales to contractors or related wholesalers or retailers. Domestic demand has been mixed over the five years to 2019. Nonresidential construction markets have performed poorly, and housing markets have been highly volatile, although domestic manufacturing output has steadily grown and manufacturers are among the largest sources of industry demand...purchase to read more.

    Additional Insights for the Power Tools & Other General-Purpose Machinery Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Power Tools & Other General-Purpose Machinery Manufacturing Industry are

  • Meeting environmental requirements
  • Effective cost control
  • Effective quality control
  • IBISWorld analysts also discuss how external factors such as Canadian effective exchange rate index and Industrial capacity utilization in the Power Tools & Other General-Purpose Machinery Manufacturing industry impact industry performance..

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    What's in this report

    What is the Power Tools & Other General-Purpose Machinery Manufacturing Industry?

    This industry manufactures a wide range of general-purpose machinery and related products, including power-driven hand tools, welding and soldering equipment, packaging machinery, industrial-process furnaces and ovens, fluid-power cylinders and actuators, fluid-power pumps and motors, scales and balances and a myriad of other miscellaneous general-purpose machinery.

    Industry Products
  • All other general-purpose machinery manufacturing
  • Welding and soldering equipment manufacturing
  • Fluid-power products manufacturing
  • Packaging machinery manufacturing
  • Power-driven hand tools manufacturing
  • Industrial furnaces
  • Fluid power pump and motor manufacturing
  • Industry Activities
  • Miscellaneous general-purpose machinery
  • Welding and soldering equipment
  • Fluid-power cylinder and actuator
  • Packaging-machinery
  • Fluid-power pump and motor
  • Scale and balance
  • Power-driven hand-tool
  • Industrial-process furnace and oven
  • 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
  • Industrial capacity utilization
  • Demand from construction
  • Total imports
  • World price of steel

  • Current Performance
  • Domestic markets
  • Exports and imports
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • International trade
  • Domestic conditions
  • Table: Power Tools & Other General-Purpose Machinery Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Power Tools & Other General-Purpose Machinery Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Industrial Building Construction in Canada
  • Manufacturing In Canada
  • Consumers in Canada

  • Key Selling Industries
  • Ball Bearing Manufacturing in Canada
  • Electrical Equipment Manufacturing in Canada
  • Ferrous Metal Foundry Products in Canada
  • Metal Pipe & Tube Manufacturing in Canada
  • Other Plastic Product Manufacturing in Canada
  • Screw, Nut & Bolt Manufacturing in Canada
  • Wire & Cable Manufacturing in Canada

  • Products & Services
  • All other general-purpose machinery manufacturing
  • Fluid-power products manufacturing
  • Packaging machinery manufacturing
  • Welding and soldering equipment manufacturing
  • Power-driven hand tools manufacturing
  • Fluid power pump and motor manufacturing
  • Industrial furnaces
  • Chart: Power Tools & Other General-Purpose Machinery Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Original equipment manufacturers
  • Construction market
  • Automotive and aviation markets
  • Other
  • Chart: Major Market Segmentation for the Power Tools & Other General-Purpose Machinery Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    WagesPurchasesProfitDepreciationMarketingRentUtilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Power Tools & Other General-Purpose Machinery Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Power Tools & Other General-Purpose Machinery Manufacturing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Power Tools & Other General-Purpose Machinery 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 Power Tools & Other General-Purpose Machinery 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)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Marketing (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)
  • Housing starts (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Actuator
  • A powered device that moves or controls a mechanism or system.
  • Fluid-Power Technology
  • Technology that deals with the generation, control and transmission of pressurized gases and liquids.
  • Hydraulic Tool
  • A power tool driven by compressed liquids.
  • Industrial Robots
  • Machines that perform repetitive tasks, such as welding joints, on assembly lines; used largely to replace human labour and increase operational efficiencies.
  • Pneumatic Tool
  • A power tool driven by compressed air.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Power Tools & Other General-Purpose Machinery 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 Power Tools & Other General-Purpose Machinery 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 Power Tools & Other General-Purpose Machinery 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 Power Tools & Other General-Purpose Machinery Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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