Industry Analysis & Industry Trends
The Stair Lift Manufacturing industry was hit hard during the recession as rising unemployment caused decreases in health coverage and disposable income. However, as the economy improved so did the industry's revenue. In the years to 2017, the number of Americans age 65 and older will increase steadily, providing a larger market base for industry players. Though the number of people with private healthcare is expected to increase, it may not grow quickly enough to have a positive effect on the industry.... purchase to read more
Industry Report - Starting a New Business Chapter
There are no licensing requirements, government regulations or resource constraints that are significant enough to prevent firms from entering the Stair Lift Manufacturing industry. However, the cost of establishing manufacturing facilities and sourcing skilled employees may deter some firms from entering the industry. A mature stage in the life cycle means that most firms in this industry are well established and have strong distribution channels. Therefore, access to distribution channels may provide another problem for firms trying to enter the industry... purchase to read more