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 2020, industry revenue forecast to fall further as international competition intensifies and constrains industry growth... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Glass Product Manufacturing industry is in the declining stage of its economic life cycle. The industry is characterized by declining revenue in a growing economy, a deteriorating number of industry players and falling per capita consumption of industry products. Over the past five years, customers have increasingly moved toward substitute goods, such as plastics and metals, while turning to less expensive imports for glass. Furthermore, construction levels have faltered in the wake of the real estate bubble, reducing demand for glass from construction markets.
Industry value added (IVA), which measures an industry's contribution to the overall economy, is projected to decline an annualized 3.3% over the 10 years through 2020... purchase to read more