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Hand Tool & Cutlery Manufacturing in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hand Tool & Cutlery Manufacturing in Canada Market Research Report | NAICS 33221CA | Apr 2017

Dull blade: Revenue will contract as input prices rise and competition remains fierce

IBISWorld’s Hand Tool & Cutlery 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.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$613m
Annual Growth 12-17
-2.4%
Annual Growth 17-22
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Profit
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Employment
3,170
Businesses
299
Industry Analysis & Industry Trends

The Hand Tool and Cutlery Manufacturing industry in Canada produces a wide variety of metal goods, including landscaping and construction tools, industrial components and consumer products. Although a diversified product selection usually shelters the industry from macroeconomic fluctuations, its largely homogeneous and low-cost nature render manufacturers vulnerable to pressure from lower-priced substitutes. As a result, imported products manufactured in countries with lower labour costs have increasingly flooded the Canadian market, though the dollar's sharp depreciation in recent years has helped drive exports and boost industry performance. Input cost fluctuation has harmed revenue growth, however, as the price of steel and aluminum inputs has fallen drastically... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

Due to growing pressure from low-cost imported goods, the Hand Tool and Cutlery Manufacturing industry in Canada is in the declining life cycle stage. Over the ten years to 2022, industry value added, which measures an industry's contribution to the national economy, is expected to decrease at an annualized rate of 2.7%. In contrast, the Canadian economy is expected to grow at an annualized rate of 1.8% over the same period.

In order to revitalize demand for their products, some industry operators (e.g. disposable razor manufacturers) have focused on introducing new variations of existing product lines. Whi.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hand Tool & Cutlery Manufacturing Industry?

This industry comprises establishments primarily engaged in manufacturing nonprecious and precious plated metal cutlery and flatware; manual hand and edge tools; manual handsaws; all types of saw blades, including those for sawing machines; metal kitchen utensils; and pots and pans (except those manufactured by casting).

Industry Products
Hand and edge tools Handsaws, saw blades and tipsKitchenware
 
Industry Activities
Manufacturing metal cutlery and flatwareManufacturing nonpowered hand and edge toolsManufacturing nonpowered handsaws and saw bladesManufacturing metal kitchen utensilsManufacturing pots and pans


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