Over the five years to 2018, the Wiring Device Manufacturing industry has grown robustly as operators specialize and expand into niche markets. Since 2013, import competition has been stifled amid a depreciating Canadian dollar. Additionally, the prices of key input materials have declined, which has given operators with little competition in niche markets a chance to charge higher prices for higher margins. Over the five years to 2023, continued growth in downstream construction markets, supported by a return to growth in the nonresidential sector, is projected to improve product demand but at a much less dramatic pace. In addition, industrial capacity utilization, an indicator of manufacturing demand for wiring devices, is forecast to maintain slow but steady growth over the period.
This industry manufactures current-carrying wiring devices and noncurrent-carrying wiring devices for wiring electrical circuits. Examples of products include outlet and switch electrical wiring boxes, electrical insulators, transmission pole and line hardware, electrical metallic tubes, switches, conductor connectors, electric sockets, plugs and electric cords.
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.