Industry Analysis & Industry Trends
During the past five years, revenue for the Barbecue and Grill Manufacturing industry declined due to the recession and the offshoring of production to low labor-cost countries. Over the next five years, IBISWorld estimates that industry revenue will increase. Although imports will continue to represent an increasing proportion of domestic demand, domestically produced high-end units are expected to contribute to industry growth. As consumer income rises, operators will benefit from an increase in private spending on home improvements.... purchase to read more
Industry Report - Starting a New Business Chapter
The top four operators in the Barbecue and Grill Manufacturing industry are estimated to capture nearly 50.0% of the total market, reflecting a moderate level of concentration. In addition, the industry's domestic demand is largely met by the growing import penetration. As a result, the dominance of exiting operators creates a significant barrier for new entrants to establish links with key suppliers and buyers.
Potential entrants face relatively large start-up costs to establish manufacturing facilities. Entrants would need to purchase land, raw materials and expensive machinery. In addition, new entrants looking to reach top-end buyers would likely need to significantly invest in research and development to differentiate their products from current operators... purchase to read more