Industry Analysis & Industry Trends
After a volatile period of growth and contraction, the industry is expected to experience an increase in revenue. Investment in residential construction activity is set to improve steadily, causing demand to rise and consumer confidence to build. While growth has been slow, increasing government regulation is expected to support revenue, as demand for energy-efficient lighting soars... purchase to read more
Industry Report - Industry Analysis Chapter
In the five years to 2012, revenue for the Lighting Fixtures Manufacturing industry is expected to decline at an average annual rate of 5.5% to $9.4 billion, including a notable 18.6% drop in 2009. In the wake of the subprime mortgage crisis and subsequent recession, construction of new homes, office buildings and infrastructure projects virtually came to a halt, diminishing demand for lighting fixtures stemming. Weak demand and rising raw material costs have also led to a fall in industry profitability, forcing manufacturers to cut costs by reducing their workforce and closing facilities.
Nonetheless, circumstances have not been entirely bad for manufacturers... purchase to read more