Industry Analysis & Industry Trends
Having made it through the recession and its aftermath, glass and glazing contractors now have a recovery to look forward to. Both the residential and nonresidential building markets are forecast to grow over the coming years, and demand for glass and glazing services will consequently follow. Demand from institutional buildings like hospitals and educational facilities will continue to be solid, while renewed demand from the residential sector will significantly benefit the industry's many small contractors, which were hard-hit by the housing slump... purchase to read more
Industry Report - Starting a New Business Chapter
The industry has relatively low barriers to the entry of new competitors, since operations are not capital intensive and do not require extensive specialist skills. Still, most new entrants will encounter some difficulty competing with existing contractors that have an established reputation within a local area. New entrants may encounter difficulties obtaining a foothold in a local market due to the established relationships between the existing contractors and local commercial building companies and property managers.
The costs of business startup may prove a barrier to the entry of very small operators into this industry as most establishments need floor space to store and process glass products prior to installation... purchase to read more