The growing Industrial Furnace Industry is big business both in manufacturing and in international trade. The newly released 2014 industry report listed $3 billion USD in total revenue. The gross profit total was reported at 26.21% with an import value of $.7 billion USD from 60 different countries.
The industrial furnace industry also exported an estimated $.9 billion USD worth of products and other merchandise to 149 countries last year.
Overall, if you add in the 2014 annual import value and subtract the export value, the industrial furnace industry commands a total domestic demand and value of $2.8 billion USD.
These findings come from a recent report on the Industrial Furnace Industry conducted by Research and Markets Ltd. Below is their report summary which includes a link to the full report if you are interested.
“Industrial Furnace Report Summary:
This 167-page report contains unparalleled industry market research in breadth and depth, providing a comprehensive view of the industry within the context of the overall international manufacturing economy. The report’s supply and demand data covers U.S. shipments and international trade while also considering the industry’s capacity utilization. The industry level income statements, balance sheets, and capital expenditure analysis in this report contain all the necessary data for financial benchmarking. In the cost analysis section you will find 35 upstream industries are analyzed to offer insight into the supply chain cost structure. For the channel and pricing structure an additional 5 downstream industries are analyzed. The competitive landscape section reports on the number of firms and their industry revenue share, market concentration, and a list of major players. Related trade associations, industry standards, and additional trade publications are also listed in the report.
Companies listed in this report include
– Axcelis Technologies, Inc.
– BTU International, Inc.
– Chromalox, Inc.
– Graham Corporation
– Instron Corporation
– Lincoln Electric Holdings, Inc.
– Met-Pro Corporation
– Research, Inc.
– Watlow Electric Manufacturing Company”
|View Industrial Furnaces →|
For more information about industrial ovens and furnaces, contact our offices at 714-223-7262.