The market is dominated by foreign suppliers, as imports account for 80.3% of total market size in 2020. B2B drives market demand, with B2B spending representing 62.7% of total demand in 2020. Canada has the eighth largest market size for cutlery, hand tools and general hardware across the top 20 developed countries, with demand reaching USD4.3 billion in 2020. Stanley Canada Corp is the largest company in Canada, generating 8.3% of the industry’s total production value in 2020. The industry is fragmented, with the top five companies generating 27.8% of total production value in 2020. The total number of companies decreases in 2020, to 1,108 units. The costs of the industry decrease by 8% in 2020, largely driven by declining B2B costs. The industry’s profitability increases and stands at 7.5% of production value in 2020, the 19th highest across the top 20 developed countries. The industry’s exports share decreases in 2020 to 59.2% of total production output. With production value of USD1.7 billion, Canada accounts for 5.0% of the North America total in 2020.
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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
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