Industry Threats & Opportunities
- The industry has shifted production to overseas plants that offer more competitive labor costs
- As imports continue to sustain a commanding share of demand, exports have conversely declined
- Profit margins will come under pressure due to continued import competition and rebounding input prices ... purchase to read more
Industry Analysis & Industry Trends
The Circuit Board and Electronic Component Manufacturing industry produces inputs that are essential in the downstream production of electrical items. As a result, demand for industry products is often tied to production levels and demand from downstream industries. Over the five-year period to 2017, demand from downstream manufacturers remained volatile, with revenue declining for the majority of the period. Similar trends are expected in the five years to 2022 as manufacturers continue to relocate abroad and a strong dollar encourages greater import volumes. Additionally, domestic demand is expected to rebound as the US economy continues to grow. Due to these factors, imports are expected to rise steadily.
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Industry Report - Industry Locations Chapter
The Circuit Board and Electronic Component Manufacturing industry is heavily concentrated in the West, Great Lakes and Mid-Atlantic regions of the United States. The states in the West contain 25.9% of industry establishments, while states in the Great Lakes and Mid-Atlantic house 15.5% and 13.2% of establishments. These regions are general hubs of technology-intensive industries; this factor tends to encourage colocation because industry operators are closer to their customers and can tap a common, specialized work force.
California is the most significant state in this industry, housing 20.9% of establishments and 12.2% of industry employees. California provides operators with access to a variety of downstream customers. For example, California houses 34.9% o.. ... purchase to read more
Additional Insights for the
Circuit Board & Electronic Component Manufacturing
IBISWorld identifies 250 Key Success Factors for a business.The most important for the Circuit Board & Electronic Component Manufacturing Industry are Access to the latest available and most efficient technology and techniques Having links with suppliers Access to highly skilled workforce
IBISWorld analysts also discuss how external factors such as Demand from computer manufacturing and Import penetration into the manufacturing sector in the Circuit Board & Electronic Component Manufacturing industry impact industry performance... purchase to read more