Fixing the connection: Continued growth in downstream construction markets will improve product demand

Over the five years to 2018, the Wiring Device Manufacturing industry has grown robustly as operators specialize and expand into niche markets. Since 2013, import competition has been stifled amid a depreciating Canadian dollar. Additionally, the prices of key input materials have declined, which has given operators with little competition in niche markets a chance to charge higher prices for higher margins. Over the five years to 2023, continued growth in downstream construction markets, supported by a return to growth in the nonresidential sector, is projected to improve product demand but at a much less dramatic pace. In addition, industrial capacity utilization, an indicator of manufacturing demand for wiring devices, is forecast to maintain slow but steady growth over the more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • Falling input and product prices, along with increased competition abroad, have hindered industry revenue
  • More companies have entered the industry to service changing demands
  • The rate of decline for new housing starts is anticipated to slow
  • Industry Report - Industry Analysis Chapter

    IBISWorld expects revenue for the Wiring Device Manufacturing industry in Canada to grow at an annualized rate of 4.4% over the five years to 2018. This has largely been driven by increasing product specialization, which often garners much higher prices and profit margins. In addition, the prices of major input materials have declined substantially, helping to reduce expenses for manufacturers in markets that are not inundated by substantial import competition, which ultimately drives prices down. Still, key markets such as nonresidential construction experienced sharp declines in demand during the current period as commodity prices fell, offsetting the potential growth of revenue. In 2018 alone, revenue is anticipated to decline 4.0%, offsetting the sizable growth in 2015, reaching $1.2 bi...purchase to read more.

    Additional Insights for the Wiring Device Manufacturing Industry

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

  • Having links with suppliers
  • Establishment of export markets
  • Access to the latest available and most efficient technology and techniques
  • IBISWorld analysts also discuss how external factors such as Value of nonresidential construction and Value of residential construction in the Wiring Device Manufacturing industry impact industry performance..

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    What's in this report

    What is the Wiring Device Manufacturing Industry?

    This industry 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.

    Industry Products
  • Wire connectors for electrical circuitry
  • Pole line and transmission hardware
  • Electrical conduit and conduit fittings
  • Other noncurrent-carrying wiring device and supplies
  • Other current-carrying wiring devices and supplies
  • Switches for electrical circuitry
  • Industry Activities
  • Manufacturing electrical conduit and conduit fittings
  • Manufacturing wire connectors for electrical circuitry
  • Manufacturing switches for electrical circuitry
  • Manufacturing pole line and transmission hardware
  • Manufacturing convenience power outlets
  • Manufacturing lamp holders
  • Manufacturing other current-carrying wiring devices
  • Manufacturing other noncurrent-carrying wiring devices
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Value of nonresidential construction
  • Value of residential construction
  • Industrial capacity utilization
  • World price of copper
  • Canadian effective exchange rate index

  • Current Performance
  • Trade winds
  • Downstream activity
  • Costs and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand from downstream industries
  • International trade
  • Changing landscape
  • Table: Wiring Device Manufacturing Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Homebuilders in Canada
  • Heavy Engineering Construction in Canada
  • Electrical Equipment Manufacturing in Canada
  • Electronic Part & Equipment Wholesaling in Canada

  • Key Selling Industries
  • Aluminum Manufacturing in Canada
  • Metal Stamping & Forging in Canada
  • Metalworking Machinery Manufacturing in Canada
  • Screw, Nut & Bolt Manufacturing in Canada

  • Products & Services
  • Switches for electrical circuitry
  • Electrical conduit and conduit fittings
  • Wire connectors for electrical circuitry
  • Other current-carrying wiring devices and supplies
  • Other noncurrent-carrying wiring device and supplies
  • Pole line and transmission hardware
  • Chart: Wiring Device Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Construction
  • Manufacturers
  • Exports
  • Wholesalers and other
  • Chart: Major Market Segmentation for the Wiring Device Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Wiring Device Manufacturing

  • Basis of Competition
  • Internal
  • External

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

  • Industry Globalization
    ABB Ltd., Hubbell Canada LP, Eaton Corporation PLC,
  • Table: ABB Ltd. - financial performance
  • Table: Hubbell Canada LP - financial performance
  • Table: Eaton Corporation PLC - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Wiring Device 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 Wiring Device Manufacturing Industry
  • 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)
  • World Price of Copper (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A device for connecting two wires. These cables enable electricity to flow, while also permitting easy disconnection and reconnection when necessary.
  • Electric Plug
  • A device for connecting electrically operated devices to the commercial power supply.
  • Offshore
  • The relocation of a company's business process, such as manufacturing or accounting, from one country to another, whether the work is outsourced or stays within the company.
  • Outsource
  • To procure goods or services under contract with an outside supplier.
  • Switch
  • A control consisting of a mechanical, electrical or electronic device for making or breaking or changing the connections in a circuit.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Wiring Device 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 Wiring Device 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 Wiring Device 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 Wiring Device Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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