Major Household Appliance Manufacturing in Canada - Industry Market Research Report

Major Household Appliance Manufacturing in Canada - Industry Market Research Report

  • May 2019 •
  • 34 pages •
  • Report ID: 4387162 •
  • Format: PDF

Crash and burn: Weak domestic demand will cause manufacturers to move abroad

Abstract

Major Household Appliance Manufacturing in Canada
The past five years brought the rapid decline of the Major Household Appliance Manufacturing industry in Canada. Due to weak underlying domestic demand and high cost of labour, many of the industry’s multinational companies chose to relocate production abroad. Despite the depreciation of the Canadian dollar, the high cost of labour proved disastrous for the industry’s manufacturers over the five years to 2019. However, since a significant portion of household appliances manufactured in Canada are sent to the United States, many of the industry’s largest manufacturers decamped for the United States, which has lower labour costs. The industry is expected to continue declining over the five years to 2024. However, more stable input prices, such as rubber and steel, are expected to keep profit margins afloat.

This industry includes operators that manufacture major household cooking appliances, refrigerators, freezers, household laundry equipment and other major electrical and nonelectrical household appliances such as dishwashers, garbage disposal units, water heaters and trash compactors. Small cooking appliances, such as hot plates, fans, central and room air conditioners, vacuums and electric irons are not included in this industry.

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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