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2018 Market Analysis & Industry Outlook: Industrial Process Furnace & Oven Manufacturing


Overview: the U.S. Industrial Process Furnace & Oven Manufacturing Industry

This report provides answers to key questions about the industry:
What is the total market size (industry revenue)?

This report shows the total market size for the Industrial Process Furnace & Oven Manufacturing industry, comprised of total revenues of both public and private companies over the last five years (2013-2018), current year estimates, and outlook to 2022.

What is the industry outlook?

The industry Outlook and Forecasts show how the Industrial Process Furnace & Oven Manufacturing industry is heading over the next five years (2019-2022). Market forecasts account for historical growth, cyclical changes, and general economic outlook.

Market Analysis: Is the market growing or declining, and how quickly?

The Market Analysis section shows the five-year growth trends for Industrial Process Furnace & Oven Manufacturing, year-by-year from 2013-2018.

Are long-term forecasts positive or negative?

Forecasts for 2019-2022 for the industry show the future growth and market opportunity for Industrial Process Furnace & Oven Manufacturing companies.

What is the average company size in the industry?

The average number of employees and average revenue for a typical Industrial Process Furnace & Oven Manufacturing company is charted over time for the last five years to the present.

How many companies are in the industry?

Track how many companies compete in the Industrial Process Furnace & Oven Manufacturing industry, and how the number of companies has changed over the past five years.


Market Size & Industry Statistics

The total U.S. industry market size for Industrial Process Furnace & Oven Manufacturing: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Industrial Process Furnace & Oven Manufacturing market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2013        2014        2015        2016        2017        2018*
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.



Industrial Process Furnace & Oven Manufacturing market forecast 2018-2024


Forecast / Industry Outlook 2018* 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the Industrial Process Furnace & Oven Manufacturing industry generating sales. Note that products are broken into categories with different levels of classification.

Product Description Sales ($ millions) Percent of Total Sales

Industry Total

Industrial Process Furnace And Oven Manufacturing

Industrial Furnaces And Ovens (Excluding Cremating Ovens), And Electric Industrial Heating Equipment

Total Miscellaneous Receipts

Resales - Sales Of Products Bought And Sold Without Further Manufacture, Processing, Or Assembly



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Industrial Process Furnace & Oven Manufacturing Industry Price Trends

Rise and fall in market prices are affectedd by supply, demand, and the cost of goods/services sold. Higher demand or COGS will put upward price pressure on prices. Higher competition among Industrial Process Furnace & Oven Manufacturing companies will put a downward pressure on prices. The chart shows how prices are changing within the industry, month-to-month over the last three years.

example price index trendline

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Industrial Process Furnace & Oven Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Industrial Process Furnace & Oven Manufacturing industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Industrial Process Furnace & Oven Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 7%

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Chief Executives0%
General and Operations Managers2%
Architecture and Engineering Occupations 10%
Engineers 7%
Office and Administrative Support Occupations 12%
Installation, Maintenance, and Repair Occupations 5%
Production Occupations 50%
Assemblers and Fabricators 18%
Miscellaneous Assemblers and Fabricators 13%
Team Assemblers 12%
Metal Workers and Plastic Workers 23%
Machinists 7%
Machinists 7%
Welding, Soldering, and Brazing Workers 7%
Welders, Cutters, Solderers, and Brazers 6%
Other Production Occupations 5%
Source: Bureau of Labor Statistics


Industrial Process Furnace & Oven Manufacturing Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Industrial Process Furnace & Oven Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Industrial Process Furnace & Oven Manufacturing industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Industrial Process Furnace & Oven Manufacturing industry.
Source:
IncFact


Government Contracts

In 2018, the federal government spent a total of $2,920,214 on Industrial Process Furnace & Oven Manufacturing. It has awarded 157 contracts to 72 companies, with an average value of $40,559 per company.   

Most Recent Contracts Date Total Award Amount
MIDSTATE INDUSTRIAL INC
3939 Royal Dr Nw Ste 131
Kennesaw, GA
Jun 14, 2018$36,616
GTA MARINE
33 Krauser Rd
Downingtown, PA
Jun 13, 2018$6,816
APO INTERNATIONAL INC
1616 Falcon Dr
Desoto, TX
May 02, 2018$6,941
KITCO FIBER OPTICS, INC.
5269 Cleveland St Ste 109
Virginia Beach, VA
Apr 26, 2018$15,910
DELTA H
62 High St
Carroll, OH
Apr 19, 2018$126,400
RADYNE CORPORATION
211 W Boden St
Milwaukee, WI
Apr 18, 2018$24,950