Power Tools & Other General-Purpose Machinery Manufacturing in Canada - Market Research Report (2014-2029)

Buzz kill: Rebounding consumer confidence may strengthen demand for operators' goods

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Power tools and other general-purpose machinery manufacturers in Canada endured volatile economic conditions that influenced core demand niches and dampened revenue growth over the past five years. Strong revenue growth leading into the period slowed, causing declines despite a positive economic outlook. Heightened exports slowed this decline, but any gain was erased by the effects of COVID-19 and ensuing inflation, which hastened revenue declines. These trends are expected to cause revenue to fall at a CAGR of 1.4% to an estimated $4.4 billion through the end of 2023. Weak performance in residential construction markets and continued appreciation of the Canadian dollar amid economic recovery will continue curtailing revenue growth, although a notable rebound in industrial capacity utilization will offset some of those effects, causing revenue to inch upward an estimated 0.1% in 2023.

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.