Manufacturing is expected to be a rapid growth sector over the next five years. The continuous pressure to meet higher environmental and safety standards has made consumer product manufacturing an attractive investment sector.
An interesting sector being investigated is the electrical components sector for the household, commercial and light industrial markets. With the projected growth of the middle class in many countries, it is expected that electrical components for the consumer and power distribution markets will experience solid growth over the next decade.
A major product being reviewed is the composite LPG gas cylinder for the household and recreation markets. Safety, durability, portability and environmental compliance standards are expected to make composites price competitive. Manufacturing processes are being currently reviewed to improve production efficiency and lower costs.
The need to meet competitive price targets has required an assessment of locating in the right markets not only where there is sufficient product demand, but also where production costs are reasonable. The availability of raw materials and skilled human resources is taken into account.Many countries promote manufacturing investment and offer substantial incentives.
Veda Research also reviews the flexibility of meeting demand in neighboring export markets which makes it necessary to evaluate the impact of applicable Free Trade Agreements.
Veda Research offers advisory services that cover these issues.