Industry Analysis & Industry Trends
Products made by the Battery Manufacturing industry are used in nearly every US household and in everything from cars, motorcycles, cell phones, and lawn mowers. Economic recovery over the past five years and falling fuel prices have encouraged consumers to purchase new automobiles, which led to increased demand from automobile manufacturers for secondary batteries. However, low lead and other metal prices have forced operators to reduce their prices. However, increased consumer spending, rising demand from consumer electronic stores and the introduction of price-premium batteries is expected to bolster industry revenue. Over the next five years, as consumer spending rises, consumers will increase their purchases of batteries... 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 also 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