Industry Analysis & Industry Trends
Since garage doors are most often installed during construction projects, industry demand depends highly upon residential and commercial construction activity in the United States. With the crash in construction markets during the recession, industry revenue declined. However, renewed housing starts and commercial construction will allow the industry to recover in the next five years.... 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 4.1% from 2009 to 2019. Comparatively, national GDP is projected to grow at an average annual rate of 2.7% over the same period. Though high IVA relative to the economy as a whole is typically indicative of a growth industry, 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... purchase to read more