Industry Analysis & Industry Trends
Declining revenue during the recession forced companies to cut costs by idling plants and reducing their workforce to protect profit margins. Consequently, general weakness in downstream demand over the past five years, in addition to drops in copper prices, caused industry consolidation. Over the five years to 2019, however, the price of copper is expected to continue fluctuating, albeit less sharply than in previous years, while following a predominantly downward trend. Moreover, renewed activity in downstream construction markets will spur industry demand... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Copper Rolling, Drawing and Extruding industry is in the mature stage of its life cycle. The industry's growth is linked to the overall economy and its products and basic production methods are unlikely to undergo substantial change. In this climate, the industry has been subject to acquisition and merger activity, as companies seek to expand their product lines and vertically integrate operations. The number of competitors is subsequently estimated to decrease at an annualized rate of 0.2% in the 10 years to 2019, despite revenue growth.
Overall, industry value added (IVA), the industry's contribution to the economy, is expected to grow at an average annual rate of 6.5% in the 10 years to 2019. Over the same period, US GDP is projected to grow at an annualized rate of 2.7%... purchase to read more