The market is dominated by foreign suppliers, as imports account for 76.3% of total market size in 2022. B2B drives market demand, with B2B spending representing 57.3% of total demand in 2022. Canada has the sixth largest market size for cutlery, hand tools and general hardware across the top 20 developed countries, with demand reaching USD6.2 billion in 2022. Stanley Canada Corp is the largest company in Canada, generating 7.2% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 24.0% of total production value in 2022. The total number of companies increases in 2022, to 925 units. The costs of the industry increase by 14.4% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 7.7% of production value in 2022, the 19th highest across the top 20 developed countries. The industry’s exports share decreases in 2022 to 50.6% of total production output. With production value of USD2.5 billion, Canada accounts for 6.7% of the North America total in 2022.
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This Euromonitor industrial report provides unique information on Cutlery, Hand Tools and General Hardware in Canada: ISIC 2893. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Cutlery, Hand Tools and General Hardware in Canada: ISIC 2893 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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