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 - Industry SWOT Analysis Chapter
The Glass and Glazing Contractors industry is in the mature phase of its life cycle. Industry value added (IVA), which measures the industry's contribution to the economy, is expected to grow at an annualized 1.9% in the 10 years to 2019, slightly lower than forecast US GDP growth of 2.7% over that period. The discrepancy is due mainly to the historic downturn in construction markets following the recession, which curtailed spending on building and renovation projects and slashed demand for industry services. IVA is expected to inch closer to US GDP growth, a sign of industry maturity, as downstream construction markets stabilize.
As a mature industry, enterprise expansion over the 10-year period is expected to remain limited, with annualized growth of 1.2%... purchase to read more