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 - Industry Investment Chapter
The Wiring Device Manufacturing industry is characterized by a low level of capital intensity. In 2016, the industry is expected to invest $0.07 on capital per one dollar spent on labour. This ratio is lower than the average for all manufacturing industries, mainly because in the Wiring Device Manufacturing industry a significant share of the industry's revenue is allocated to wages.
Labour costs are above average in this industry, accounting for 20.1% of revenue. Due to higher labour costs, industry operators in Canada are susceptible to competition from products imported from foreign countries where wages are lower, such as China. The industry is attempting to address this through productivity and efficiency improvements. .. purchase to read more