Industry Analysis & Industry Trends
The Garage Door Manufacturing industry is anticipated to benefit from rebounding demand over the five years to 2015. The industry is recovering from considerable lows, with economic recovery since 2010 spurring demand for construction and new homes and buildings that require garage doors. The next five years are likely to be promising for industry operators. The number of housing starts, demand from commercial building construction and demand for remodeling are all forecast to increase. Additionally, raw material prices (e.g. steel and wood) will be more stable, improving industry profit margins.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Garage Door Manufacturing industry is in the mature phase of its life cycle because of its established markets, product saturation and consolidation activity. Industry value added (IVA), which represents the industry's overall contribution to the economy, is expected to increase at an average annual rate of 2.7% from 2010 to 2020. Comparatively, national GDP is projected to grow at an annualized 2.2% over the same period. Though industry IVA is slightly outpacing the economy as a whole, this is primarily due to a strong recoup in losses following the recession.
The industry's clearly defined product groups and user industries are further indicative of its mature phase. Industry operators like the Griffon Corporation, for example, are influential players in the industry... purchase to read more