Sheet Metal, Window & Door Manufacturing in Canada - Market Research Report (2014-2029)
New York, United States
Last Updated: July 2024
NAICS 33232CARevenue
$12.8bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
42,104
Businesses
1,626
Wages
$X.Xbn
Sheet Metal, Window & Door Manufacturing in Canada industry analysis
Sheet metal, window and door manufacturers produce metal windows, doors, sheet metal and ornamental and architectural metal products. Performance is primarily determined by demand from downstream construction markets since these products are predominantly used in construction and repair work. Advanced plastic properties and capabilities have bolstered the popularity of substitute goods, like plastic doors and windows, for use instead of their metal counterparts. Industry volatility increased due to the pandemic, affecting construction markets. Strong growth in metal prices and demand from builders helped support industry activity in recent years. Revenue is forecast to grow a CAGR of 4.3% to $12.8 billion through the end of 2024, including 0.3% forecast growth during the current year.
Trends and Insights
- High input costs previously pressured profit. As pandemic-related disruptions ended, supply caught up, reducing these costs. This adjustment is expected to alleviate some of the financial strain on businesses.
- Sheet metal products are the largest segment since they're used in nearly all phases of building construction and for improvements or repairs. A trend toward energy efficiency has propelled demand for this segment.
- Proximity to the United States is important, as exports account for less than one-fifth of industry revenue. Since the United States represents the largest foreign market, having manufacturing facilities near the border may save on transportation costs.
- Several tiers of products enable competition among manufacturers. Although steel is the most popular metal product, smaller manufacturers can succeed in the industry by using other metals in their products.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 4.3 % over the past five years, to reach an estimated $12.8bn in 2024.
Trends and Insights
Revenue volatility has been higher than usual, driven by highly volatile metal prices
- Metal prices will experience large year-to-year swings in response to shifting global supply and demand for metals. Production volumes also vary year-to-year in response to changing metal prices, energy costs and current and expected demand levels.
- Additional trends and insights available with purchase
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Economic performance will determine future revenue growth
- Economic projections vary and remain uncertain as the Bank of Canada raises interest rates in response to growing inflation.
Biggest companies in the Sheet Metal, Window & Door Manufacturing in Canada
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
WGI Westman Group Inc. | 123.1 | 12.0 | 9.7 |
To view the market share and analysis for all 1 top companies in this industry, view purchase options.
Products & Services Segmentation
Sheet Metal, Window & Door Manufacturing in Canada
Products & Services
Industry revenue is measured across several distinct product and services lines, including Sheet metal products, Metal windows and doors and Ornamental and architectural metal work. Sheet metal products is the largest segment of the Sheet Metal, Window & Door Manufacturing in Canada.
Trends and Insights
Metal windows and doors
- Products in this segment include metal window frames, doors and garage doors, however, the type of material used and the style of said window and door depend on the downstream market.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Precast Concrete Manufacturing in Canada
Complementors
- Millwork in Canada
- Metal Stamping & Forging in Canada
- Structural Metal Product Manufacturing in Canada
- Boiler & Heat Exchanger Manufacturing in Canada
- Metal Tank Manufacturing in Canada
International industries
- Sheet Metal, Window & Door Manufacturing in the US
- Garage Door Manufacturing in the US
- Fence & Scaffolding Manufacturing in the US
- Ornamental & Architectural Metalwork Manufacturing in the US
- Sheet-Metal Roofing Manufacturing in the US
Table of Contents
About this industry
Industry definition
The industry produces metal-framed windows, typically using purchased glass, metal doors, sheet metal and ornamental and architectural metal products. These products are primarily used in building construction, maintenance and repair.
What's included in this industry?
Manufacturing metal windows and window framesManufacturing metal doorsManufacturing sheet metalManufacturing ornamental metal workManufacturing architectural metal workCompanies
WGI Westman Group Inc.Purchase this report to view all 1 major companies in this industry.
Related Terms
COMPUTER-AIDED DESIGN (CAD)METAL EXTRUSIONMETAL STAMPINGFENESTRATIONIndustry Code
NAICS 33232 - Sheet Metal, Window & Door Manufacturing in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
High input costs previously pressured profit. As pandemic-related disruptions ended, supply caught up, reducing these costs. This adjustment is expected to alleviate some of ...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Sheet metal products are the largest segment since they're used in nearly all phases of building construction and for improvements or repairs. A trend toward energy efficienc...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Proximity to the United States is important, as exports account for less than one-fifth of industry revenue. Since the United States represents the largest foreign market, ha...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each province in 2024
- Number and share of revenue each province accounts for in 2024
- Number and share of wages each province accounts for in 2024
- Number and share of employees in each province in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Several tiers of products enable competition among manufacturers. Although steel is the most popular metal product, smaller manufacturers can succeed in the industry by using...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Construction demand is crucial for manufacturers. Although the industry produces a plethora of products for different markets, the construction market is by far the industry’...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of WGI Westman Group Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for WGI Westman Group Inc., and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Trade agreements are vital for manufacturers’ success. Since trade is an integral part of the industry, free trade agreements, such as the USMCA, are vital to keeping costs d...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Steel prices affect a manufacturer’s profit, letting them adjust the final product's price with the market rate. This alignment helps manufacturers better manage costs and op...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Assets (2017-2022)
- Liabilities (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Sheet Metal, Window & Door Manufacturing industry in Canada in 2024?
The market size of the Sheet Metal, Window & Door Manufacturing industry in Canada is $12.8bn in 2024.
How many businesses are there in the Sheet Metal, Window & Door Manufacturing in Canada industry in 2024?
There are 1,626 businesses in the Sheet Metal, Window & Door Manufacturing industry in Canada, which has grown at a CAGR of 0.0 % between 2019 and 2024.
Has the Sheet Metal, Window & Door Manufacturing industry in Canada grown or declined over the past 5 years?
The market size of the Sheet Metal, Window & Door Manufacturing industry in Canada has been growing at a CAGR of 4.3 % between 2019 and 2024.
What is the forecast growth of the Sheet Metal, Window & Door Manufacturing industry in Canada over the next 5 years?
Over the next five years, the Sheet Metal, Window & Door Manufacturing industry in Canada is expected to grow.
What are the biggest companies in the Sheet Metal, Window & Door Manufacturing market in Canada?
The biggest company operating in the Sheet Metal, Window & Door Manufacturing market in Canada is WGI Westman Group Inc.
What does the Sheet Metal, Window & Door Manufacturing in Canada include?
Manufacturing metal windows and window frames and Manufacturing metal doors are part of the Sheet Metal, Window & Door Manufacturing industry.
Which companies have the highest market share in the Sheet Metal, Window & Door Manufacturing in Canada?
The company holding the most market share in Canada is WGI Westman Group Inc..
How competitive is the Sheet Metal, Window & Door Manufacturing industry in Canada?
The level of competition is moderate and steady in the Sheet Metal, Window & Door Manufacturing industry in Canada.
