Industry Analysis & Industry Trends
During the recession, manufacturing output sharply declined, lowering demand for metal products, which lowered demand for industry services. While demand has recovered since 2009, the manufacturing sector is expected to remain below prerecession levels over 2014. In addition, high input costs, combined with poor demand, cut into the profit margins. As a result, this industry has steadily consolidated, with the remaining companies focused on improving efficiency through technology. Over the next five years, this industry is projected to recover modestly as demand from the manufacturing and construction sectors increases... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Metal Plating and Treating industry is in the declining stage of its life cycle. In the 10 years to 2019 industry value added, which measures an industry's contribution to the overall economy, is forecast to increase at an average annual rate of 0.8%. Over the same period, GDP is projected to grow on average 2.4% per year. As a result, this industry's importance to the overall economy is falling, which suggests that the industry is in decline. In particular, the industry is currently only half its size in the early 2000s and shows no signs of recovering. Strong competition from abroad has put pressure on firms in this industry.
Galvanization, electroplating, heat treating and other metal treating services are old technologies that have long been in use... purchase to read more