Industry Analysis & Industry Trends
Opening up
The Garage Door Installation industry's revenue dropped in the midst of the recession, as the housing and non-residential construction markets suffered major losses. Nonetheless, demand will revive over the next five years, as improved construction markets and renewed spending on home improvements strengthen the industry. Moreover, the value of the non-residential market will rise, benefiting installers over the five years to 2016.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
This industry is in the mature phase of its life cycle. Revenue growth is closely tied to consumer spending on home improvements and the performance of the downstream building markets. In the 10 years to 2016, IBISWorld expects that the industry's contribution to the overall economy (industry value added) to decline at an average annual rate of 0.7% compared with projected GDP growth of 1.8% over the same period. The industry's seemingly stagnant growth rate is the result of the recession's considerable negative effect on home improvement spending and the downstream construction industries and the subsequent recovery anticipated over the five years to 2016. The... purchase to read more