Industry Report - Industry SWOT Analysis Chapter
The Outdoor Furniture Manufacturing industry is in a declining stage of its life cycle. The industry is characterized by declining number of enterprises, slow technological change and a low industry value added (IVA), all of which are indicative of an industry in its declining phase. IVA, which measures the industry's contribution to the US economy, is projected to rise a weak 0.6% per year on average in the 10 years to 2020. In comparison, US GDP is forecast to rise at an annualized rate of 2.5% during the same period. Essentially, the Outdoor Furniture Manufacturing industry is contributing less and declining in importance to the US economy.
In addition, due to strong import penetration, the number of enterprises is expected to continue declining over the 10-year period... purchase to read more