Industrial Process Furnace & Oven Manufacturing Industry: Statistics, Forecasts, and Company Data
Industrial Process Furnace & Oven Manufacturing - Market Size and Industry Forecast
The 2023 Industrial Process Furnace and Oven Manufacturing Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2018 to 2028 reflect industry trends and growth patterns. Revenues include both public and private companies in the industrial process furnace & oven manufacturing industry.
Source: U.S. government financial data.
|Market Size (Total Revenue)|
|% Growth Rate|
|Number of Companies|
|Average Revenue per Company|
|Average Employees per Company|
Industry Revenue ($ Billions)
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
Distribution by Company Size
|Company Size||All Industries||Industrial 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:
- Cost of goods sold
- Compensation of officers
- Salaries and wages
- Employee benefit programs
- Rent paid
- Advertising and marketing budgets
The report includes a traditional income statement from an "average" company (both public and private companies included).
|Industry Average||Percent of Sales|
|Cost of Goods Sold (COGS)|
|Earnings Before Interest and Taxes (EBIT)|
|Earnings Before Taxes|
Average Income Statement
Cost of Goods Sold
Salaries, Wages, and Benefits
Depreciation and Amortization
Industrial Process Furnace & Oven Manufacturing - Financial Ratio Analysis
Financial ratios allow a company's performance to be compared against that of its peers.
|Financial Ratio||Industry Average|
|Average Collection Period|
|Asset Turnover Ratio|
|Receivables Turnover Ratio|
|Inventory Conversion Ratio|
Industrial Process Furnace & Oven Manufacturing - Product Mix
|Product Description||Description||Revenue |
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
|Title||Percent of Workforce||Bottom Quartile||Average (Median) Salary||Upper Quartile|
|General and Operations Managers||2%|
|Architecture and Engineering Occupations||10%|
|Office and Administrative Support Occupations||10%|
|Assemblers and Fabricators||17%|
|Assemblers and Fabricators, All Other, Including Team Assemblers||12%|
|Metal Workers and Plastic Workers||26%|
|Welding, Soldering, and Brazing Workers||6%|
|Welders, Cutters, Solderers, and Brazers||6%|
|Other Production Occupations||6%|
In the past, the federal government spent an annual 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