Industry Analysis & Industry Trends
Industry revenue plunged during the recession as a result of the crisis in the automobile industry and low disposable income across the economy. Since then, the industry has begun to recover, and pent-up demand will continue to promote growth over the next five years; however, offshoring will increasingly limit industry expansion. In the long term, the industry is declining... purchase to read more
Industry Report - Starting a New Business Chapter
There are no licensing requirements, government regulations or resource constraints that are significant enough to prevent firms from entering the Tire Manufacturing industry. The major resource required to enter this industry is capital. The investment requirements for entry include significant capital purchases, including equipment to manufacture tires and related purchases. The steep price for the investment required might deter firms from entering the industry.
Manufacturers also need to seek distribution channels for their products, which can be quite difficult during an economic downturn. In a declining industry, it can be quite hard for new entrants to get access to the distribution channels created among a handful of major players... purchase to read more