Industry Analysis & Industry Trends
The Cabinet and Vanity Manufacturing industry has grown moderately in the five years to 2016, despite industry contraction in the immediate wake of the economic downturn. At the beginning of the period, demand for industry products was low as residential housing expenditure and consumer confidence lagged. The subsequent strengthening of economic conditions spurred a recovery in downstream demand from the construction sector in Canada and the United States, leading to demand for industry products such as cabinets and countertops for new homes and renovated properties. In the coming years, the industry will moderately expand, due to the recovery of the domestic and US housing markets... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry in the Cabinet and Vanity Manufacturing industry are medium. These barriers include buying and selling markets, entry costs and the availability of skilled labour.
Potential operators may be deterred from entering this industry by the well-established distribution networks among existing operators and suppliers. New entrants must establish upstream supply relationships with manufacturers and wholesalers (e.g. glass, lumber and plastics providers) to secure high-quality inputs at low prices. Such arrangements keep prices competitive and can act as barriers, with new entrants being restricted from using the same materials... purchase to read more