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 Investment Chapter
The Lighting Fixtures Manufacturing industry requires a low level of capital investment, indicating a higher reliance on human labor in facility operations. For every dollar spent on wages, the average industry firm spends an estimated $0.08 on machinery, equipment and other capital expenses.
While new manufacturing equipment and machinery can improve product quality, increase efficiency and lower production costs, many of the industry's small- and medium-size firms cannot afford the large capital investment required to purchase these items. Therefore, these firms rely heavily on manual labor for production, driving up the industry's overall wage costs... purchase to read more