Industry Analysis & Industry Trends
Demand for services from the Garage Door Installation industry dropped significantly as a result of the economic downturn, causing consumers to cut back on discretionary spending. However, as conditions improved, consumers increased spending and investment in their homes, including upgrades to their garage doors. Consequently, industry revenue has experienced steady growth. Over the next five years, industry operators are anticipated to benefit from increases in private spending on home improvement. Additionally, a rise in housing starts will also benefit industry revenue over the period... purchase to read more
Industry Report - Industry Investment Chapter
Given the service-based nature of garage door installation, the industry relies most heavily on labor as an input, and thus has a low level of capital intensity. For every dollar spent on labor, the average industry operator will invest nearly $0.03 in capital equipment. The capital requirements needed to enter the industry are low, consisting mainly of funds required to purchase tools (e.g. drills, bits, saws, hammers and ladders). Companies may also purchase trucks to use for hauling garage doors to and from job sites. Capital intensity has remained relatively stable over the period as the cost of tools and equipment required to perform garage door installations has remained virtually unchanged. Capital requirements are anticipated to remain stable over the next five years as well.
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