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.
Combined, these two events created an environment in which residential and commercial building, employment levels, consumer spending, and business and consumer confidence all dramatically declined, the report shows.
Check out the article on the IBISWorld Report in Professional Door Dealer’s web site.
