Industry Analysis & Industry Trends
Cables and wires are the backbone of the modern information age, providing individuals with power, light and communication. Demand for the Wire and Cable Manufacturing industry has grown over the past five years, as the need for faster interconnectivity has intensified. Over the coming years, demand for reliable and efficient power and data communication will promote demand for cable and wire. Additionally, expected upgrades to infrastructure and increased capacity for transmission grids are anticipated to stimulate further demand for power and communications cable... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry for this industry are significant and include the cost of establishing manufacturing facilities, the importance of customer and supplier relationships, the need for reliable product distribution arrangements, economies of scale and scope and the development expenses required for new technology.
New industry entrants require significant initial investment to construct manufacturing plants. Additionally, they must gain a viable customer base to keep manufacturing facilities operating at full capacity. Underused plants reduce profitability, meaning strong client relationships are critical to benefiting from economies of scale... purchase to read more