Industry Analysis & Industry Trends
The Battery Manufacturing industry has recovered strongly from the recession during the five years to 2014. Multiple companies that manufacture automobile batteries received government funding to expand their production capabilities and technology during the period, and rising demand for automotive batteries and improved consumer spending are expected to increase industry revenue. In the five years to 2019, the industry will contend with shifting downstream demand conditions. Demand from car and automobile manufacturing is expected to slow and appreciation of the US dollar and input material price hikes will stem export growth. However, Improving economic conditions are anticipated to spur consumer spending on electronics that require batteries, boosting demand for industry products... purchase to read more
Industry Report - Starting a New Business Chapter
The large players in this industry are well established, with a wealth of technical and market knowledge acquired over decades of operation. Newcomers, usually having a lack of experience, will find it difficult to enter an industry that is well established and involves a product where the pace of technical innovation is rapid. The need for ready access to the latest knowledge, machinery and skilled staff is paramount, but equally time-consuming to establish.
The capital investment requirement is high for this industry, illustrating the reliance of battery manufacturing on machinery. Therefore, capital startup costs are relatively substantial. On top of machinery, new entrants will also have to attract skilled workers... purchase to read more