Industry Analysis & Industry Trends
The Wire Device Manufacturing industry was only slightly hurt by the recession, having consistently grown since 2010. Rising demand for construction electrical equipment will continue to spur growth in the five years to 2018... purchase to read more
Industry Report - Industry Analysis Chapter
IBISWorld estimates that revenue for the Wiring Device Manufacturing industry has decreased at an average annual rate of 0.2% over the five years to 2013. The fall in revenue has mostly been a result of recession-driven declines in demand for industry products. In 2009, domestic demand for wiring devices plummeted 10.5% as demand from residential building construction fell 8.7%.
Exports, currently accounting for 25.6% of total revenue, decreased 21.0% in 2009 as the global economy entered into a recession. This contributed to the severe 16.0% drop in revenue that year. In the five years to 2013, exports have fallen at an average annual rate of 4.6% to $279.0 million... purchase to read more