Industry Analysis & Industry Trends
The industry has been enduring tough conditions, including rising import penetration and increasing input costs, which caused revenue and profitability to decline in the five years to 2013. Decreasing downstream demand also hurt revenue during the recession since fewer industry products were purchased for residential, nonresidential and infrastructure construction. While overall construction is expected to improve, the Lighting and Bulb manufacturing industry will not experience the same progress. A strong rebound in residential, nonresidential and infrastructure construction will help soften demand declines, but over the five years to 2018 revenue is expected to decline overall... purchase to read more
Industry Report - Starting a New Business Chapter
Overall, there are high barriers to entry in the Lighting and Bulb Manufacturing industry. Dominance of existing players, technological changes in the industry and the industry's declining life cycle are the primary deterrents for new entrants. Recently, the federal government has been passing legislation that require industry products (i.e. incandescent bulbs) to meet certain energy efficiency standards.
The dominance of existing players poses a major barrier to entry for new companies. Most large players in this industry are able to achieve significant economies of scale and scope, while taking advantage of established plants in low-cost countries... purchase to read more