Industry Analysis & Industry Trends
Mending fences
The industry's performance was adversely affected by the recession, as demand for fences and scaffolding fell in line with the decline in construction projects. Many firms also struggled to maintain profitability, as volatile input prices of steel and aluminum challenged the industry. Nevertheless, demand will pick up in the next five years, because of the economic recovery and a slight increase in construction activity, primarily for repairs and renovations. Also, increased construction spending across all markets will drive growth of scaffolding products.... purchase to read more
Industry Report - Starting a New Business Chapter
The Fence and Scaffolding Manufacturing industry faces few barriers to entry. There are no unique government regulations specific to this industry and no special licensing requirements. However, some factors deter companies from entry.
Initially, new entrants must invest a considerable amount of money into warehouse space, manufacturing equipment and raw material purchases. While manufacturing equipment is durable and lasts for some time, it is expensive. Operators must also purchase computers and software and hire knowledgeable, skilled employees to aid in product design. Because of a medium level of competition, newcomers to the market must be able to market their product based on price, quality or innovation to stand out in the marketplace. Man... purchase to read more