Powering down: Increasing import penetration will slow industry revenue growth

The Power Tools and Other General Purpose Machinery Manufacturing industry manufactures a myriad of miscellaneous general-purpose machinery, ranging from packaging machinery to power-driven hand tools to automatic assembly machines. Since 2010, both demand from construction and industrial capacity utilization, which measures Canadian industrial activity, surpassed prerecessionary levels, creating healthy demand for industry products. In the coming years, the industry is anticipated to continue growing, albeit at a slightly slower rate, as the economy continues to improve and demand from key downstream sectors remains strong...read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 13-18
0.8%
Forecast Growth 18-23
Profit
Employment
11,979
Businesses
1,170
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The industry has benefited from healthy export levels, which are largely the result of the improving financial conditions
  • Exports comprise the largest market for industry products
  • Exports to the United States will likely remain high, sustaining demand for industry products
  • Industry Report - Industry Key Buyers Chapter

    The Power Tools and Other General-Purpose Machinery Manufacturing industry in Canada has low market share concentration, with the top four companies in the industry accounting for less than 12.0% of industry revenue. Since the industry's revenue is spread across a large array of diverse products, no company currently controls more than 5.0% of the market. For example, robotic assembly machines, packaging machines, welding equipment and industrial filters are all industry products. However, no one industry operator produces all of these items.According to Statistics Canada, over 70.0% of all establishments are estimated to employ fewer than 20 people, indicating a highly fragmented industry. Specifically, there are no establishments with over 500 employees, while 38.6% o...purchase to read more.

    Additional Insights for the Power Tools & Other General-Purpose Machinery Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Power Tools & Other General-Purpose Machinery Manufacturing Industry are

  • Meeting environmental requirements
  • Effective cost control
  • Effective quality control
  • IBISWorld analysts also discuss how external factors such as Canadian-dollar effective exchange rate index and Industrial capacity utilization in the Power Tools & Other General-Purpose Machinery Manufacturing industry impact industry performance..

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    What's in this report

    What is the Power Tools & Other General-Purpose Machinery Manufacturing Industry?

    This industry manufactures a wide range of general-purpose machinery and related products, including power-driven hand tools, welding and soldering equipment, packaging machinery, industrial-process furnaces and ovens, fluid-power cylinders and actuators, fluid-power pumps and motors, scales and balances and a myriad of other miscellaneous general-purpose machinery.

    Industry Products
  • All other general-purpose machinery manufacturing
  • Welding and soldering equipment manufacturing
  • Fluid-power cylinders and actuators manufacturing
  • Packaging machinery manufacturing
  • Power-driven hand tools manufacturing
  • Industrial-process furnaces and ovens manufacturing
  • Fluid power pump and motor manufacturing
  • Scale and balance manufacturing
  • Industry Activities
  • Miscellaneous general-purpose machinery
  • Welding and soldering equipment
  • Fluid-power cylinder and actuator
  • Packaging-machinery
  • Fluid-power pump and motor
  • Scale and balance
  • Power-driven hand-tool
  • Industrial-process furnace and oven
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Canadian-dollar effective exchange rate index
  • Industrial capacity utilization
  • Demand from construction
  • Total imports
  • World price of steel

  • Current Performance
  • Domestic markets
  • Exports and imports
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • International trade
  • Domestic conditions
  • Table: Power Tools & Other General-Purpose Machinery Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Power Tools & Other General-Purpose Machinery Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Industrial Building Construction in Canada
  • Manufacturing In Canada
  • Consumers in Canada

  • Key Selling Industries
  • Ball Bearing Manufacturing in Canada
  • Electrical Equipment Manufacturing in Canada
  • Ferrous Metal Foundry Products in Canada
  • Metal Pipe & Tube Manufacturing in Canada
  • Other Plastic Product Manufacturing in Canada
  • Screw, Nut & Bolt Manufacturing in Canada
  • Wire & Cable Manufacturing in Canada

  • Products & Services
  • All other general-purpose machinery manufacturing
  • Packaging machinery manufacturing
  • Fluid-power cylinders and actuators manufacturing
  • Welding and soldering equipment manufacturing
  • Power-driven hand tools manufacturing
  • Fluid power pump and motor manufacturing
  • Industrial-process furnaces and ovens manufacturing
  • Scale and balance manufacturing
  • Chart: Power Tools & Other General-Purpose Machinery Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Automotive and aviation markets
  • Construction market
  • Food production market
  • Other consumer-durable manufacturers
  • Electronic and semiconductor markets
  • Pharmaceutical and medical markets
  • Chart: Major Market Segmentation for the Power Tools & Other General-Purpose Machinery Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Power Tools & Other General-Purpose Machinery Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Power Tools & Other General-Purpose Machinery Manufacturing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Power Tools & Other General-Purpose Machinery 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 Power Tools & Other General-Purpose Machinery Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Housing starts (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Actuator
  • A powered device that moves or controls a mechanism or system.
  • Fluid-Power Technology
  • Technology that deals with the generation, control and transmission of pressurized gases and liquids.
  • Hydraulic Tool
  • A power tool driven by compressed liquids.
  • Industrial Robots
  • Machines that perform repetitive tasks, such as welding joints, on assembly lines; used largely to replace human labour and increase operational efficiencies.
  • Pneumatic Tool
  • A power tool driven by compressed air.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Power Tools & Other General-Purpose Machinery Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    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 Power Tools & Other General-Purpose Machinery 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 Power Tools & Other General-Purpose Machinery 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 Power Tools & Other General-Purpose Machinery Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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