Industry Analysis & Industry Trends
Growth for the Outdoor Furniture Manufacturing industry was sluggish over the past five years, as a result of the high level of import penetration. However, housing starts and rising disposable income boosted demand, allowing revenue to slightly increase. Looking forward, the US dollar is expected to continue appreciating, making imports even more affordable from domestic consumers. Therefore, while the industry will not suffer from a shortage in demand for industry products, challenges lie in the manufacturing of a quality product at a competitive price point.... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry in the Outdoor Furniture Manufacturing industry are moderate. The main barriers that new entrants will encounter are high start-up costs and some regulation at the state and federal levels. Like most manufacturing industries start-up costs can be significant, including out-lay of cash required for a manufacturing facility along with wages to attract a skilled workforce. In addition, regulatory barriers include laws regarding pollutant emissions, wastewater disposal and worker health and safety.
However, if entrants are able to get over the moderate barriers to entry, they are likely to face much higher barriers to success. Barriers to success include intense competition from foreign manufacturers and a generally saturated market... purchase to read more