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Industrial Process Furnace & Oven Manufacturing (NAICS 333994) Industry Market Research Report

Industrial Process Furnace & Oven Manufacturing - Market Size and Forecast

The Industrial Process Furnace and Oven Manufacturing report contains both historical and forecasted statistics. Total market size figures from 2015 to 2025 reveal industry growth patterns and trends. Market size measurements include both public and private companies in the industry.

Market Size (Total Revenue)

Included in Report

% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Industrial Process Furnace & Oven Manufacturing Industry Revenue
  • 2015
  • 2016
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021

Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Industrial Process Furnace & Oven Manufacturing - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Industrial Process Furnace & Oven Manufacturing companies in the United States.

Industrial Process Furnace & Oven Manufacturing Revenue by State

US Market Size by State

Distribution by Company Size

Company SizeAll IndustriesIndustrial Process Furnace & Oven Manufacturing
Small Business (< 5 Employees)


Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Industrial Process Furnace & Oven Manufacturing - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue


Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits



Depreciation and Amortization

Officer Compensation

Net Income

Industrial Process Furnace & Oven Manufacturing - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios


Profit Margin
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Industrial Process Furnace & Oven Manufacturing - Product Mix

Product DescriptionDescriptionRevenue
($ Millions)

Industrial process furnace and oven mfg.


Ind. furnaces & ovens, & electric ind. heating equip.

Fuel-fired industrial process furnaces, ovens, and kilns

Parts/attach., industrial fuel-fired furnaces, ovens, & kilns

High-frequency induction and dielectric heating equipment

Electric resistance-heated furnaces/ovens/kilns (excl. parts)

Electric metal processing and heat treating furnaces

Other electric industrial furnaces/ovens/kilns (complete units)

Parts/attachments for electric industrial furnaces/ovens/kilns

Other electrical heating equipment for industrial use

Industrial Process Furnace & Oven Manufacturing - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations7%


Chief Executives0%
General and Operations Managers2%
Architecture and Engineering Occupations10%
Office and Administrative Support Occupations10%
Production Occupations52%
Assemblers and Fabricators17%
Assemblers and Fabricators, All Other, Including Team Assemblers12%
Metal Workers and Plastic Workers26%
Welding, Soldering, and Brazing Workers6%
Welders, Cutters, Solderers, and Brazers6%
Other Production Occupations6%

Government Contracts

In 2008, the federal government spent a total of $6,569,767 on the industrial process furnace & oven manufacturing industry. It has awarded 160 contracts to 86 companies, with an average value of $76,393 per company.

Industrial Process Furnace & Oven Manufacturing and Adjacent Industries - Top Companies

($ Millions)


Industrial Process Furnace & Oven Manufacturing Industry Report
GeographyUnited States  
Publication DateSeptember 2020
Report FormatPDF Download  

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