Industry Analysis & Industry Trends
The past five years have brought many challenges for companies in the Trailer, Caravan & Motor Vehicle Body Manufacturing industry. Poor economic conditions have led to dismal consumer and business confidence, which has had a negative effect on demand for products manufactured by the industry. Freight operators, a major market for the industry, have suffered due to lower volume, while households have postponed the purchase of new caravans due to uncertainty about the future. The motor vehicle manufacturing market, which demands bodies from the industry, could not come to the rescue either, as producers have struggled to remain afloat with abysmal motor vehicle production and widespread losses. Industry revenue is expected to decline at an annualised 3.4%.. purchase to read more
Industry Report - Industry Analysis Chapter
Uncertainty and volatility have characterised the Trailer, Caravan & Motor Vehicle Body Manufacturing industry over the past five years. Economic conditions have not been conducive to prosperous growth. In addition, manufacturers in the industry were at a greater risk of failure due to the downturn in the automotive sector. The two combined factors have been disastrous for many manufacturers, while others have managed to keep afloat due to effective cost-control strategies. Industry revenue is expected to decline by an annualised 3.4% over the five years through 2012-13, to reach £2.87 billion... purchase to read more