Industry Analysis & Industry Trends
The outlook for the Wood Flooring Manufacturing industry promises a rebound in revenue. As housing starts increase more quickly as the economy emerges from its recession, new home builders will create demand for wood flooring. Moreover, per capita disposable income is projected to improve as unemployment abates, so demand for flooring used in home improvement projects is also anticipated to rebound. At the same time, mounting competition from imports and from alternative flooring options will cause consolidation among industry players as unprofitable firms get acquired or exit the industry altogether.... purchase to read more
Industry Report - Starting a New Business Chapter
There are low barriers to entry for the Wood Flooring Manufacturing industry. However, although the industry has entered into the decline stage of its life cycle, competition remains high with an estimated 1,386 industry operators in 2013. Furthermore, wood flooring manufacturing is dominated by three major companies, who exert significant influence upon the industry. These large operators can both vertically and horizontally integrate to leverage economies of scale, reduce transportation costs and hedge against volatility. This competition will ensure that profit margins are kept in check for any new producer and will make gaining new business difficult, even for experienced manufacturers... purchase to read more