Industry Analysis & Industry Trends
Over the past five years, the construction and manufacturing sectors recovered, thus spurring demand for safety equipment and supplies. Additionally, the number of work-related deaths has fallen slowly as a result of increased safety regulations, which will in turn maintain consistent demand for industry products. In the five years to 2019, the recovery in these key downstream sectors is forecast to continue, leading to industry growth.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Safety Equipment and Supplies Distributors industry is in a mature stage of its life cycle. Over the 10 years to 2020, industry value added (IVA), which measures the industry's contribution to the US economy, is projected to increase at an average rate of 2.0% per year. In comparison, US GDP is forecast to rise at an average rate of 2.2% annually during the same period. Although the discrepancy between IVA and GDP usually indicates an industry in the midst of decline, other factors point to this industry's ongoing maturity.
The downstream markets that this industry serves exhibit whole-hearted acceptance of the industry's products... purchase to read more