Industry Analysis & Industry Trends
Demand for the Roofing, Siding and Insulation Wholesaling industry is highly dependent on construction activity. During the recession, construction plummeted as consumers postponed new home purchases while corporate profit contracted, reducing demand for industry products. However, in the five years to 2021, the industry will continue to expand, with revenue forecast to grow due to growing demand from construction for industry products. Residential renovations are also expected to outpace housing starts as government policies promote new housing construction and encourage ecofriendly renovations. In addition, the economic recovery will improve consumer spending and encourage commercial construction expansion... purchase to read more
Industry Report - Starting a New Business Chapter
New competitors experience moderate barriers to entry. Large-scale wholesalers generally have strong relationships with manufacturers and benefit from more economical purchasing agreements due to the high volumes of products ordered. New entrants can generally compete effectively for smaller-scale sales. However, new entrants will be faced with a number of challenges; new firms that are unable to initially achieve good purchasing contracts will be unable to compete effectively on the basis of price.
Establishing credibility and gaining large clients will require substantial marketing from new entrants... purchase to read more