Industry Analysis & Industry Trends
The Garage Door Manufacturing industry is anticipated to benefit from rebounding demand over the five years to 2015. The industry is recovering from considerable lows, with economic recovery since 2010 spurring demand for construction and new homes and buildings that require garage doors. The next five years are likely to be promising for industry operators. The number of housing starts, demand from commercial building construction and demand for remodeling are all forecast to increase. Additionally, raw material prices (e.g. steel and wood) will be more stable, improving industry profit margins... purchase to read more
Industry Report - Starting a New Business Chapter
The barriers to entry for garage door manufacturers are relatively moderate. New entrants may have difficulty competing with established manufacturers that have achieved a reputation for quality and brand name recognition. However, operators planning to enter this industry are not particularly constrained by the capital investment required to open a facility, as the entry costs of a garage door manufacturing facility are relatively less expensive than others due to a low level of machinery investment.
Nonetheless, transportation and shipping costs can be high as large wooden or steel garage doors are usually large and heavy. Add.. purchase to read more