Battery Manufacturing in Canada
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.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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