IBISWorld Releases Report on Garage Door Industry
(Los Angeles, CA) – Since 2008, when “the housing bubble burst”, the garage door manufacturing industry faced severe revenue declines. But renewed housing starts and commercial construction will allow the garage door industry to recover in the next five years.
The garage door manufacturing industry faced severe revenue declines during parts of the past five years. “The Great Recession, which began in 2008 and continued through 2009, was in part the result of the housing bubble burst,” said Radia Amari, IBISWorld industry analyst.