What is the Machine Tool Wholesalers industry?
The Machine Tool Wholesalers industry has medium barriers to entry. The industry operates with a low level of regulation, and the labour force skills required to be successful in the industry are relatively generic. The need to have good relationships with clients, the importance of brand affiliation, and capital requirements for entry form the main barriers for prospective new entrants to the industry. The industry's largest players generally have long-term relationships with their clients, often to the extent that they are in effect providing procurement support services. A strong and diverse client base allows operators to withstand demand shocks.
Brand affiliation is an important factor for companies operating in the industry... purchase to read more