Industry Analysis & Industry Trends
Over the past five years, the Glass Product Manufacturing industry has declined as both consumers and businesses have turned away from the use of domestic glass. Substitute goods, such as plastics and metals, have become increasingly popular, and faltering construction levels have exacerbated declines in demand as manufacturers of architectural glass experienced plummeting sales. Over the five years to 2019, industry revenue forecast to fall further as international competition intensifies and diminishes industry growth... purchase to read more
Industry Report - Starting a New Business Chapter
The industry has a medium level of barriers to entry. The most notable barrier to entry for firms looking to enter the industry is the large amount of capital investment required to begin operations as a manufacturer. Furthermore, firms will need to build distribution networks in order to be successful and receive a constant source of income in order to be profitable in a continually declining industry.
The production of glass products involves a number of stations and different capital equipment. This creates a barrier to potential entrants to the industry as companies will need to invest in plants to house operations, furnaces and forming tools to create glass products... purchase to read more