Wiring Device Manufacturing in Canada - Industry Market Research Report

Wiring Device Manufacturing in Canada - Industry Market Research Report

  • June 2020 •
  • 37 pages •
  • Report ID: 4564122 •
  • Format: PDF
Fixing the connection: Growth in downstream construction markets is projected to improve industry demand

Abstract

Wiring Device Manufacturing in Canada
Over the five years to 2019, the Wiring Device Manufacturing industry in Canada has grown marginally as operators specialize and expand into niche markets. Since 2014, foreign competition has significantly hurt industry exports, despite a depreciating Canadian dollar. The largest market for Canadian-produced industry products is the United States. The majority of the products produced by industry operators are low value-added parts that act as components of a greater electrical system. As a result, products tend to be highly commoditized, driving price competition within the industry. Over the five years to 2024, continued growth in downstream construction markets is projected to improve product demand, but at a much slower pace. Moreover, global copper and steel prices are expected to rise, which will push up pricing for industry offerings even for generic products.

The Wiring Device Manufacturing industry in Canada 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.
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