Industry Analysis & Industry Trends
The Metal Plating and Treating industry has moderately grown over the past five years, mostly due to expansion in the manufacturing and construction sectors, which are recovering from drastic falls suffered when the overall economy struggled. However, the industry is threatened by outsourced services to metal treating firms located in low-labour-cost countries. In the next five years, external competition will continue to be a threat; nevetheless, the industry is projected to remain steady, as demand from the manufacturing and construction sectors hold their current patterns... 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 2020 industry value added, which measures an industry's contribution to the overall economy, is forecast to increase at an average annual rate of 1.1%. Over the same period, GDP is projected to grow on average 2.2% 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