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 - Starting a New Business Chapter
This industry has medium barriers to entry that have been increasing over the past five years. In general, companies require only moderate capital, because even small operators can provide services to local steel product manufacturers. However, capital requirements have been growing due to increased reliance on automated manufacturing technology. Nevertheless, high fragmentation means that no single company dominates, allowing new entrants to gain a foothold in this industry.
This industry is very competitive, which can make it difficult for new entrants to succeed. Over the past five years, internal and external competition has increased... purchase to read more