What an improvement: A depreciating dollar will boost industry revenue

The Cabinet and Vanity Manufacturing industry in Ontario experienced consistent growth during the first half of the reporting period due to the growing value of residential and nonresidential construction in the province. Despite the province's declining economy in 2013, as residential construction, nonresidential construction and housing starts declined and the price of wood pulp increased, the industry was still able to sustain marginal growth. Following the stagnant year, the effects of Canada's depreciating dollar took full effect as industry revenue grew substantially and attracted new online operators. However, the effects of the depreciating Canada dollar have been waning...read more.

Industry Statistics & Market Size
Revenue
$901m
Annual Growth 13-18
2.4%
Forecast Growth 18-23
Profit
Employment
6,078
Businesses
1,150

Industry Threats & Opportunities

  • Industry profit margins have suffered due to increasing competition
  • Industry Report - Industry Locations Chapter

    Canada's Cabinet and Vanity Manufacturing industry's establishment count is closely correlated to the country's population distribution. The province's share of establishments reflects this, as Ontario comprises 37.1% of the national industry's establishment count. Ontario is the most populated province, expected to account for 38.8% of the nation's population and 45.4% of the nation's total manufacturing output. Establishments benefit building their businesses in highly populated areas due to reduced transportation costs and the ability to build stronger relationships with retailers and wholesalers. Ontario's housing starts and nonresidential construction are expected to outpace Canada's developments, making the province more attractive for operators...purchase to read more.

    Additional Insights for the Cabinet & Vanity Manufacturing in Ontario Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Cabinet & Vanity Manufacturing in Ontario Industry are

  • Ability to alter goods and services produced in favour of market conditions
  • Guaranteed supply of key inputs
  • Having contacts within key markets
  • IBISWorld analysts also discuss how external factors such as Housing starts in Ontario and Value of nonresidential construction in Ontario in the Cabinet & Vanity Manufacturing in Ontario industry impact industry performance..

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    What's in this report

    What is the Cabinet & Vanity Manufacturing in Ontario Industry?

    This industry manufactures kitchen cabinets, bathroom vanities and countertops that are primarily made of wood or wood coverings. Manufacturers distribute their products to wholesalers, contract outfitters and home improvement stores.

    Industry Products
  • Kitchen cabinets
  • Bathroom vanities
  • Countertops and cabinet tops
  • Other cabinet work and accessories
  • Industry Activities
  • Manufacturing wood bathroom vanities
  • Manufacturing wood countertops
  • Manufacturing wood cabinets
  • Manufacturing other cabinets, vanities and countertops
  • 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 in Ontario
  • Value of nonresidential construction in Ontario
  • Value of residential construction in Ontario
  • Canadian-dollar effective exchange rate index
  • Consumer spending
  • World price of wood pulp

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Cabinet & Vanity Manufacturing in Ontario Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Homebuilders in Canada
  • Wood Panelling Manufacturing in Canada
  • Furniture & Furnishings Wholesaling in Canada
  • Furniture Stores in Canada
  • Home Improvement Stores in Canada
  • Architects in Canada
  • Interior Designers in Canada

  • Key Selling Industries
  • Logging in Canada
  • Wood Panelling Manufacturing in Canada

  • Products & Services
  • Bathroom vanities
  • Kitchen cabinets
  • Other cabinet work and accessories
  • Countertops and cabinet tops
  • Chart: Cabinet & Vanity Manufacturing in Ontario Industry Products and Services Segmentation

  • Major Markets
  • New residential construction
  • Nonresidential construction
  • Residential renovation
  • Chart: Major Market Segmentation for the Cabinet & Vanity Manufacturing in Ontario Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Cabinet & Vanity Manufacturing in Ontario

  • Basis of Competition
    Barriers to Entry
    Downsview Kitchens, AyA Kitchens and Baths Ltd, Cabico Custom Cabinetry, Frendel Kitchens Limited, Irpinia Kitchens,
  • Table: Downsview Kitchens - financial performance
  • Table: AyA Kitchens and Baths Ltd - financial performance
  • Table: Cabico Custom Cabinetry - financial performance
  • Table: Frendel Kitchens Limited - financial performance
  • Table: Irpinia Kitchens - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Cabinet & Vanity Manufacturing in Ontario 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 Cabinet & Vanity Manufacturing in Ontario Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • ON - Value of residential construction in Ontario (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Computer-Aided Design (Cad) Software
  • The use of computer technology to aid the design and drafting of a part or product using software tools that can create two-dimensional drawings or three-dimensional models.
  • Computer-Aided Manufacturing (Cam) Software
  • Computer technology that automates the woodworking process. This software interprets CAD designs and sends codes to machine-ready saws and routers.
  • Laser Edgebanding
  • A glue-less woodworking technique where a targeted laser is used to activate a bond between an edge and panel to conceal the exposed edges of furniture and cabinets.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Cabinet & Vanity Manufacturing in Ontario market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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 Cabinet & Vanity Manufacturing in Ontario:
    • 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 Cabinet & Vanity Manufacturing in Ontario 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 Cabinet & Vanity Manufacturing in Ontario, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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