Industry Analysis & Industry Trends
The five years to 2016 marked an inflection point for the Glass and Glazing Contractors industry. Rapidly recovering residential construction markets as well as growing corporate profit and consumer spending helped to finally boost industry revenue after it struggled to grow in the early years of the period. The industry's largest contractors specialize in installing glass curtain walls and exterior facades on office buildings and other commercial property, which usually constitute lucrative contracts. Smaller operators specialize in residential markets and emergency glass repair. Thanks to solid recoveries in most of these markets, operators were able to raise prices, and thus, profit margins over the period... 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