Chinese Firework Industry - Five Forces Analysis

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Intensity of Existing Rivalry Large industry size (Chinese Firework Industry) Large industries allow multiple firms and produces to prosper without having to steal market share... Fast industry growth rate (Chinese Firework Industry) When industries are growing revenue quickly, they are less likely to compete, because the total... Bargaining Power of Suppliers Diverse distribution channel (Chinese Firework Industry) The more diverse distribution channels become the less bargaining power a single distributor will... Low concentration of suppliers (Chinese Firework Industry) A low concentration of suppliers means there are many suppliers with limited bargaining power. Low... Threat of Substitutes Substitute product is inferior (Chinese Firework Industry) An inferior product means a customer is less likely to switch from Chinese Firework Industry to... Substantial product differentiation (Chinese Firework Industry) When products and services are very different, customers are less likely to find comparable product... Bargaining Power of Customers Buyers require special customization (Chinese Firework Industry) When customers require special customizations, they are less likely to switch to producers who have... Threat of New Competitors Strong distribution network required (Chinese Firework Industry) Weak distribution networks mean goods are more expensive to move around and some goods don’t get to... High capital requirements (Chinese Firework Industry) High capital requirements mean a company must spend a lot of money in order to compete in the... Strong brand names are important (Chinese Firework Industry) If strong brands are critical to compete, then new competitors will have to improve their brand... Advanced technologies are required (Chinese Firework Industry) Advanced technologies make it difficult for new competitors to enter the market because they have to... Industry requires economies of scale (Chinese Firework Industry) Economies of scale help producers to lower their cost by producing the next unit of output at lower... High switching costs for customers (Chinese Firework Industry) High switching costs make it difficult for customers to change which products they normally... Geographic factors limit competition (Chinese Firework Industry) If existing competitors have the best geographical locations, new competitors will have a... What is Porter's Five Forces Analysis? WikiWealth's Five Forces analysis evaluates the five factors that determine industry competition. Add your input to chinese-firework-industry's five forces template. See WikiWealth's tutorial for help. Is WikiWealth missing any analysis? Check out our entire database of free five forces reports or use our five forces generator to create your own. Remember, vote up chinese-firework-industry's most important five forces statements.