Industry Analysis & Industry Trends
Over the past five years, the recession led to reduced demand from construction and manufacturing, which are the two key markets for safety equipment distributors. Despite a decline in revenue for industry operators, rising consumer spending is expected boost manufacturing activity. In addition, the recovering construction markets will increase demand for safety equipment. Improving demand from these two markets will increase industry revenue over the next five years.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Safety Equipment and Supplies Distributors industry is in the mature stage of its life cycle. Over the 10 years to 2018, industry value added (IVA), which measures the industry's contribution to the US economy, is projected to fall at an average rate of 0.9% per year. In comparison, US GDP is forecast to rise at an average rate of 2.1% 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