Power Tools & Other General-Purpose Machinery Manufacturing in Canada - Industry Market Research Report
Description
Power Tools & Other General-Purpose Machinery Manufacturing in Canada
Power tools and other general-purpose machinery manufacturers in Canada endured volatile economic conditions that influenced core demand niches and dampened revenue growth over the past five years. Strong revenue growth leading into the period slowed, causing declines despite a positive economic outlook. Heightened exports slowed this decline, but any gain was erased by the effects of COVID-19 and ensuing inflation, which hastened revenue declines. These trends are expected to cause revenue to fall at a CAGR of 1.4% to an estimated $4.4 billion through the end of 2023. Weak performance in residential construction markets and continued appreciation of the Canadian dollar amid economic recovery will continue curtailing revenue growth, although a notable rebound in industrial capacity utilization will offset some of those effects, causing revenue to inch upward an estimated 0.1% in 2023.
This industry manufactures a wide range of general-purpose machinery and related products, including power-driven hand tools, welding and soldering equipment, packaging machinery, industrial-process furnaces and ovens, fluid-power cylinders and actuators, fluid-power pumps and motors, scales and balances and a myriad of other miscellaneous general-purpose machinery.
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.
Power tools and other general-purpose machinery manufacturers in Canada endured volatile economic conditions that influenced core demand niches and dampened revenue growth over the past five years. Strong revenue growth leading into the period slowed, causing declines despite a positive economic outlook. Heightened exports slowed this decline, but any gain was erased by the effects of COVID-19 and ensuing inflation, which hastened revenue declines. These trends are expected to cause revenue to fall at a CAGR of 1.4% to an estimated $4.4 billion through the end of 2023. Weak performance in residential construction markets and continued appreciation of the Canadian dollar amid economic recovery will continue curtailing revenue growth, although a notable rebound in industrial capacity utilization will offset some of those effects, causing revenue to inch upward an estimated 0.1% in 2023.
This industry manufactures a wide range of general-purpose machinery and related products, including power-driven hand tools, welding and soldering equipment, packaging machinery, industrial-process furnaces and ovens, fluid-power cylinders and actuators, fluid-power pumps and motors, scales and balances and a myriad of other miscellaneous general-purpose machinery.
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.
Table of Contents
40 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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