Industry Analysis & Industry Trends
The Wire and Cable Manufacturing industry faced steep declines in demand due to the recession over the five years to 2013. The competition in this industry forced operators to keep prices as low as possible and absorb most of the rising input prices, thus cutting into profit margins. However, downstream demand is expected to grow over the next five years as the economy continues to rebound... purchase to read more
Industry Report - Starting a New Business Chapter
The Wire and Cable Manufacturing industry has high barriers to entry due to the high initial costs to enter the market. New entrants must contend with a high initial capital investment, establishing contracts with suppliers, creating a distribution network, attracting customers, achieving economies of scale and scope and having access to the latest technology.
Manufacturers entering the market need to establish a customer base to ensure that the manufacturing facilities are operating at full capacity, to avoid losses in profit. Cable manufacturers especially enter into multiyear contracts with buyers in order to maintain profit margins and ensure that the facilities are operating at full capacity... purchase to read more