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Garage Door Installation in the US - Industry Market Research Report

Publisher IBISWorld
Published Nov 04, 2024
Length 76 Pages
SKU # IBSS19340716

Description

Garage Door Installation in the US - Industry Market Research Report


Garage Door Installation in the US

Through the end of 2023, garage door installation has grown due to increased investment in existing structures. At the beginning of the current period, rising consumer confidence contributed to consumers' increased willingness to take on home improvement projects. Also, rising corporate profit, low interest rates and recent federal tax cuts have encouraged capital expenditures among a variety of businesses, ranging from the street-corner bodega to large-scale manufacturing facilities. Still, the COVID-19 crisis has caused these trends to reverse as the unemployment rate has soared and consumer confidence has collapsed. The pandemic's negative effects primarily damaged demand from the industry's commercial and retail market, while the residential market soared amid the low interest rate environment. Garage door installation revenue has been inching upward at a CAGR of 0.1% over the past five years and is expected to total $318.1 million in 2023, when revenue will fall by an estimated 2.8%. Profit also increased, as revenue has consistently outpaced labor costs.

This industry installs garage doors and garage openers. Industry activity includes inspection prior to the installation or removal of any existing garage door and opener, installation, additions, alterations, maintenance and repairs.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

76 Pages
TABLE OF CONTENTS

ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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