Industry Analysis & Industry Trends
This industry is expected to continue declining over the foreseeable future, but demand and revenue will pick up after a rough period. Renewed construction, housing starts and stronger consumer sentiment will contribute to this growth. However, key input prices will also grow, so operators will need to increase prices to maintain profit margins. Additionally, import and power tool competition will continue to hamper demand... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
IBISWorld analysis reveals this industry is declining. During the 10 years to 2018, industry value added (IVA), which measures the industry's contribution to the US economy, is projected to increase at an annualized rate of 2.8%. In comparison, US GDP is forecast to rise at an average rate of 2.1% annually during the same period. Although the industry's faster growth relative to US GDP usually indicates a mature or growing industry, other factors point to this industry's decline.
The growth forecast in IVA comes largely as a result of operational efficiencies gained on the industry level instead of higher margins generated through the expansion of product lines or entrance into new markets... purchase to read more