Industry Analysis & Industry Trends
During the past five years, increased construction activity and expanded energy infrastructure spurred demand for the Wire and Cable Manufacturing industry's products. Yet despite improving downstream conditions since the recession, the industry has been challenged by heightened competition from foreign manufacturers for much of the five-year period. Even as the economy continues to recover over the next five years, import penetration is expected to constrain industry growth. Nevertheless, industry revenue is anticipated to rise steadily during the next five years as healthier construction markets and power transmission overhauls drive demand for wire and cable... 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 large initial capital investments, 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 must establish a customer base to ensure that manufacturing facilities are operating at full capacity. 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