Industry Analysis & Industry Trends
The Hot Tub Manufacturing industry significantly contracted over the past five years. Although the number of higher-income households, this industry's primary market, moderately increased, it was insufficient in preventing a major fall in revenue during the recession. Over the next five years, the industry is projected to return to growth. The recovering economy will bolster disposable income and consumer confidence, stimulating a new wave of hot tub purchases.... purchase to read more
Industry Report - Starting a New Business Chapter
The specialized technical requirements, innovative technologies and regulatory requirements that govern the Hot Tub Manufacturing industry are not insurmountable barriers. The relatively large number of small players operating in niche segments catering to just a few markets, combined with the fact that only two players dominates the industry, suggests that the barriers to entry for the industry are relatively low. At the same time, however, barriers may gradually increase as the larger players engage in merger and acquisition activities to strengthen their position in an industry that is consolidating.
Industry participants have also been adversely affected by slow growth and increased regulation in manufacturing processes... purchase to read more