Industry Analysis & Industry Trends
Industry operators shape, bend, etch, bond and otherwise process flat glass. The finished product is used in building construction and automotive and furniture manufacturing. Volatile conditions in the commercial and residential construction markets dampened demand for industry firms during the first year of the five-year period through 2016-17, owing to sustained uncertainty following the downturn. Similarly, demand from vehicle and furniture manufacturers remained low. In the years after, generally rising confidence brought much needed relief to flat glass processors, with the residential and commercial construction markets both rebounding strongly. As a result, industry revenue is expected to grow at a compound annual rate of 2% over the five years through 2016-17... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in the mature stage of its life cycle, with short- and medium-term performance heavily influenced by trends in the downstream building construction and vehicle manufacturing markets.
The industry's contribution to the wider economy is forecast to grow at a moderate compound annual rate of 1.3% over the 10 years through 2021-22. This is slower than the projected GDP growth for the same period, which is 2.3%. Key downstream construction markets struggled to shrug off the effects of the economic downturn during the first half of the five-year period through 2016-17, which dampened industry demand. After intermittent growth, revenue looks to dip slightly once again as uncertainty affects demand for building products, including glass.
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