Industry Analysis & Industry Trends
The recession reduced consumer spending for new telescopes. To combat fluctuations in revenue, many participants sought to consolidate operations and achieve greater economies of scale. Over the next five years, increasing export activities will benefit the industry as manufacturers market to new demographics abroad.... purchase to read more
Industry Report - Industry Analysis Chapter
The Telescope Manufacturing industry was hit hard by the economic downturn, as decreased consumer spending has led to immediate and drastic declines in manufacturing activity. Additionally, the industry has also faced an increased level of competition from outside the industry, such as technological advancements in consumer electronics and the increasing availability of content on smart devices and the internet. As a result of waning consumer spending on industry products due to the economic downturn, industry revenue declined at an annualized rate of 2.9% to $126.7 million over the five years to 2012... purchase to read more