Industry Analysis & Industry Trends
Over the five years to 2017, the Glass Product Manufacturing industry in Canada declined as both consumers and businesses increasingly turned away from the use of domestic glass. Overall, industry revenue has declined over the past five years. Falling industry profitability and the rising prominence of imported goods have encouraged many companies to exit the industry entirely. Furthermore, major companies have consolidated their operations. As a result, the number of industry enterprises has declined steadily over the period. The industry will continue to face challenges and contraction. IBISWorld expects revenue to decline over the five years to 2022... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Glass Product Manufacturing industry in Canada is in the declining stage of its economic life cycle. The industry is characterized by declining revenue in a growing economy, a deteriorating number of industry players and falling per capita consumption of industry products. Over the five years to 2017, customers have increasingly moved toward substitute goods, such as plastics and metals, while turning to less expensive imports for glass. Furthermore, construction levels have faltered in the wake of the real estate bubble, reducing demand for glass from construction markets.
Industry value added (IVA), which measures an industry’s contribution to the overall economy, is projected to grow slightly at an annualized rate of 0.2% over the 10 years to 2022. Thi.. purchase to read more