Heavy metal: An accelerating US construction market generated strong demand for industry products

The Hardware Manufacturing industry in Canada produces a variety of metal hardware products, including hinges, handles, keys and locks, primarily for the construction, furniture and automotive sectors. Over the five years to 2019, the industry has been defined by strong trade and volatile downstream markets. Operators in the Household Furniture Manufacturing industry in Canada and the Car and Automobile Manufacturing industry in Canada (IBISWorld reports 33712CA and 33611aCA), as well as construction markets, purchase hardware products manufactured by this industry. The largest threat to this industry is the rapid rise of imports and the appreciation of the Canadian dollar...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 14-19
4.0%
Forecast Growth 19-24
Profit
Employment
4,990
Businesses
173

Industry Threats & Opportunities

  • The largest threat to this industry is the rapid rise of imports and the appreciation of the Canadian dollar
  • Exports have been a boon for the industry
  • Demand for automobiles is anticipated to marginally decline
  • Industry Report - Industry Key Buyers Chapter

    The Hardware Manufacturing in Canada has a low level of market share concentration, with the industry's top four largest players expected to account for less than 20.0% of market share in 2019. The majority of industry operators are small- to medium-sized companies. According to Statistics Canada and IBISWorld estimates, 88.3% of industry enterprises employ less than 100 workers, with 54.4% employing less than 10 workers. Since this industry produces a variety of offerings, opportunities for small, localized producers arise to specialize in certain product types or markets.Despite the increase of companies exiting the market or being acquired by larger players, the concentration in the industry has declined. In ...purchase to read more.

    Additional Insights for the Hardware Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Hardware Manufacturing Industry are

  • Economies of scale
  • Establishment of brand names
  • Having a diverse range of clients
  • IBISWorld analysts also discuss how external factors such as Housing starts and Canadian effective exchange rate index in the Hardware Manufacturing industry impact industry performance..

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    What's in this report

    What is the Hardware Manufacturing Industry?

    This industry manufactures forms of metal hardware. Items produced include metal hinges, metal handles, keys and locks, but exclude time locks and coin-operated locks.

    Industry Products
  • Furniture hardware
  • Motor vehicle hardware
  • Construction hardware
  • Other hardware
  • Industry Activities
  • Metal furniture hardware and caster
  • Metal appliance hardware
  • Builder's metal hardware
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Housing starts
  • Canadian effective exchange rate index
  • Consumer spending
  • Value of residential construction
  • Number of motor vehicle registrations

  • Current Performance
  • Handling downstream industries
  • Bolting trade
  • Profit lockdown
  • Chart: Revenue Growth

  • Industry Outlook
  • Weak demand
  • International trade
  • Industry structure
  • Table: Hardware Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Hardware Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Homebuilders in Canada
  • Car & Automobile Manufacturing in Canada
  • Aircraft, Engine & Parts Manufacturing in Canada
  • Hardware Stores in Canada
  • Commercial Building Construction in Canada

  • Key Selling Industries
  • Copper, Zinc & Lead Refining in Canada
  • Ferrous Metal Foundry Products in Canada
  • Iron & Steel Manufacturing in Canada
  • Metal Pipe & Tube Manufacturing in Canada
  • Screw, Nut & Bolt Manufacturing in Canada

  • Products & Services
  • Construction hardware
  • Motor vehicle hardware
  • Other hardware
  • Furniture hardware
  • Chart: Hardware Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports to the United States
  • Domestic consumers
  • Exports to Mexico
  • All other exports
  • Chart: Major Market Segmentation for the Hardware Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciation, rent and utilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Hardware Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Hardware Manufacturing Industry

  • Industry Globalization
    Assa Abloy AB, Stanley Black & Decker Inc.,
  • Table: Assa Abloy AB - financial performance
  • Table: Stanley Black & Decker Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Hardware Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Hardware Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)
  • Canadian-dollar effective exchange rate (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Casting
  • A manufacturing process by which a liquid material is usually poured into a mould that contains a hollow cavity of the desired share.
  • Do-It-Yourself
  • Building, modifying or repairing of something without the aid of experts or professionals.
  • Electronic Data Interchange
  • The transmission of electronic documents between businesses from one computer system to another.
  • Most Favoured Nation Tariff
  • The trade status of a country that is characterized by low tariffs and limited restrictions. It is also commonly referred to as Normal Trade Relations (NTR.)
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Hardware Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Hardware Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Hardware Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Hardware Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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