Hardware Manufacturing in Canada
The Hardware Manufacturing industry in Canada produces a variety of metal hardware products, including hinges, handles, keys and locks, primarily for the construction, furniture and automotive sectors. Over the five years to 2019, the industry has been defined by strong trade and volatile downstream markets. Operators in the Household Furniture Manufacturing industry in Canada and the Car and Automobile Manufacturing industry in Canada (IBISWorld reports 33712CA and 33611aCA), as well as construction markets, purchase hardware products manufactured by this industry. The largest threat to this industry is the rapid rise of imports and the appreciation of the Canadian dollar. Import penetration has caused strong competition from countries with lower wages, which are able to manufacture industry products at lower costs. Over the five years to 2024, imports' share of domestic demand is expected to grow and outpace exports' growth.
This industry manufactures forms of metal hardware. Items produced include metal hinges, metal handles, keys and locks, but exclude time locks and coin-operated locks.
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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