Industry Analysis & Industry Trends
The Commercial Shelving Manufacturing suffered severe revenue declines from 2007 through 2009. Although the industry began its recovery in 2010, growth has been slow because major markets across the globe remain weak and US demand for industry products have been increasingly satisfied by imports. In 2012, IBISWorld estimates that import penetration will reach a share of 45.7%, meaning nearly half of the domestic demand for commercial shelving will be supplied by manufacturers in countries like China, Mexico and Taiwan (see International Trade). In the five years to 2012, IBISWorld estimates revenue will decline 8.0% per year on average to $744.1 million.... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry into the Commercial Shelving Manufacturing industry are moderate. The initial outlay and cost of equipment required for the establishment of a new manufacturing plant is fairly high. In setting up a new manufacturing plant, operators need to consider the one-off cost of machinery and equipment and ongoing costs of maintenance, labor, rent and utilities.
New operators face numerous challenges, such as forging well established distribution networks among operators and suppliers. For new entrants to be successful, they need to establish supply relationships with providers of raw materials and components (including steel, aluminum, other metals, wood, particleboard and petroleum-based products)... purchase to read more