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Tent, Awning & Canvas Manufacturing in the US - Industry Market Research Report

Tent, Awning & Canvas Manufacturing in the US - Industry Market Research Report

  • February 2019
  • 34 pages
  • ID: 5103939
  • Format: PDF
  • By Ibisworld

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Set sail: Rising downstream demand and consumer spending will bolster revenue

Abstract

Tent, Awning & Canvas Manufacturing
The Tent, Awning and Canvas Manufacturing industry has experienced growth over the five years to 2018. Improved economic conditions during the period have boosted downstream demand for industry products. Increasing per capita disposable income, rising consumer spending and falling unemployment have boosted consumer demand for industry goods at the retail level, driving sporting goods stores and wholesalers to increase purchases of canvases and tents from industry operators. During the five-year period, industry profitability has also grown slightly. Growing disposable income has boosted demand for industry products. Furthermore, falling yet volatile cotton prices have eased the burden of purchase costs on industry margins. Growth in profit and revenue has caused industry participation to increase. As the domestic economy continues to grow steady and downstream demand increases in turn, the industry is expected to experience continued growth over the five years to 2023.

This industry manufactures canvas and canvas-like products, such as awnings, sails, tarpaulins and tents, from purchased fabrics.

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.

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