Industry Analysis & Industry Trends
Demand for many of the industry's products relies heavily on building construction activity. Whereas declines in residential and commercial construction hampered this industry's growth over much of the past five years, the recovery in both of these sectors is bringing the industry back from decline. Additionally, public infrastructure spending on highways and roads will remain strong, fueling demand for traffic control systems. However, increasing import penetration threatens future growth... purchase to read more
Industry Report - Industry Analysis Chapter
The Alarm, Horn and Traffic Control Equipment Manufacturing industry has struggled over the past five years. A slowdown in construction activity and automobile manufacturing impeded demand, causing sales of industry products to decline. Consequently, IBISWorld estimates industry revenue has fallen at an average annual rate of 4.6% to $4.1 billion from 2007 to 2012. Fortunately for the industry, revenue is expected to grow 1.1% in 2012 after four straight years of declines, thanks to a revitalized US auto industry and a recovering construction sector.
This industry is heavily dependent on residential and nonresidential building activity to generate demand and drive revenue growth... purchase to read more