Industry Analysis & Industry Trends
Cold snap
The Snowplow Manufacturing industry has benefited from heavy snowfall throughout the United States during the five years to 2012. Nevertheless, industry profit has been pressured by rising commodity prices. High steel prices have forced manufacturers to eliminate excess labor and close inefficient plants. However, firms will invest in new products and innovations in the next five years, strengthening industry demand.... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry in the industry are medium. The Snowplow Manufacturing industry exhibits a high level of concentration, with 90.6% of revenue coming from the top-three companies. This factor represents the most significant barrier to entry, as new industry participants must compete against efficient, vertically integrated players with large economies of scale. Furthermore, since the industry exhibits a low level of technology change, there will likely not be any opportunities for new players to enter the market on the back of a new technology. Since smaller operators cannot compete on price with the larger companies' economies of scale, they will likely leave the industry, increasing industry concentration. Con... purchase to read more