Industry Analysis & Industry Trends
The Snowplow Manufacturing industry has benefited from heavy snowfall throughout the United States over the five years to 2014. Nevertheless, industry profit has been pressured by rising commodity prices. High steel prices have forced manufacturers to eliminate excess labor and close inefficient plants. However, companies will invest in new products and innovations in the next five years, strengthening industry demand.... purchase to read more
Industry Report - Industry Analysis Chapter
The Snowplow Manufacturing industry has thrived over the five years to 2014, with expected average annual revenue growth of 7.6% to $441.0 million. In general, industry product sales are seasonal, with demand for snowplows and other snow-control products hinging on the level of snowfall in a given year. This cyclical effect can typically add to revenue volatility, but snowplow manufacturers have benefited greatly from increased annual snowfall in recent years; average annual precipitation rose 6.4% in 2013 and is expected to rise another 5.9% in 2014.
While the recession hampered industry revenue in 2009, it created pent-up demand for new snowplows because many consumers delayed replacement at the height of the downturn... purchase to read more