Fixing the connection: Continued growth in downstream construction markets is projected to boost product demand

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...read more.

Industry Statistics & Market Size
Revenue
$968m
Annual Growth 14-19
0.4%
Forecast Growth 19-24
Profit
Employment
3,439
Businesses
86
Market Share of Companies

Industry Threats & Opportunities

  • Global copper and steel prices are expected to rise, which will push up pricing for industry offerings, even for generic products
  • Manufacturing activity has a strong influence on the industry
  • Residential construction activity is expected to increase
  • Industry Report - Industry Locations Chapter

    The Canadian Wiring Device Manufacturing industry’s establishments are concentrated in Ontario and Quebec, which account for 51.6% and 20.6% of establishments in 2019, respectively. British Columbia is the next largest region, accounting for 19.6% of establishments. The majority of industries and markets that use wiring devices are located in the same regions. This regional breakdown tends to follow the general trends exhibited by manufacturing overall in Canada and electrical products manufacturing specifically. For example, the majority of the Electrical Equipment Manufacturing industry in Canada (IBISWorld report 33531CA), a key manufacturing downstream market, is also located in Ontario and Quebec. Thi...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
  • Other current-carrying wiring devices and supplies
  • Wire connectors for electrical circuitry
  • 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
  • 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
    ProfitWagesPurchasesDepreciationMarketingRentUtilitiesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Wiring Device Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Industry Globalization
    Hubbell Incorporated, ABB Inc.,
  • Table: Hubbell Incorporated - financial performance
  • Table: ABB Inc. - 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
    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)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Marketing (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)
  • World Price of Copper (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Connector
  • 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.
  • Offshoring
  • 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, breaking or changing the connections in a circuit.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Wiring Device 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 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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