Industrial Process Furnace & Oven Manufacturing Industry - Market Size, Trends, and Growth - 2025-2030
Industry Overview
This U.S. industry comprises establishments primarily engaged in manufacturing industrial process ovens, induction and dielectric heating equipment, and kilns (except cement, chemical, wood). Included in this industry are establishments manufacturing laboratory furnaces and ovens.
Source: U.S. Census BureauMarket Size and Industry Forecast
This research report analyzes the market size and trends in the Industrial Process Furnace and Oven Manufacturing industry. It shows overall market size from 2020 to the present, and predicts industry growth through 2030. Revenues data include both public and private companies.
| Historical | Forecasted |
|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|
| 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 dataIndustry Revenue ($ Billions)
Industry Forecast ($ 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.
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) | Included |
| Small Business (5 - 20) |
| Midsized Business (20 - 100) |
| Large Business (100 - 500) |
| Enterprise (> 500) |
Industrial Process Furnace & Oven Manufacturing Industry 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 are included).
| Industry Average | Percent of Sales |
|---|
| Total Revenue | Included |
| 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
Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
Depreciation and Amortization
Officer Compensation
Net Income
Financial Ratio Analysis
Financial ratios allow a company's performance to be compared against that of its peers.
| Financial Ratio | Industry Average |
|---|
| Profitability Ratios | Included |
| Profit Margin |
| ROE |
| ROA |
| Liquidity Ratios |
| Current Ratio |
| Quick Ratio |
| Activity Ratios |
| Average Collection Period |
| Asset Turnover Ratio |
| Receivables Turnover Ratio |
| Inventory Conversion Ratio |
Products and Services Mix
Product lines and services in the Industrial Process Furnace & Oven Manufacturing industry accounting for the largest revenue sources.
| Product Description | Description | Revenue
($ Millions) |
|---|
Industrial process furnace and oven mfg. | Included |
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 |
Salary information for employees working in the Industrial Process Furnace & Oven Manufacturing industry.
| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|
| Management Occupations | 7% | Included |
| Chief Executives | 0% |
| General and Operations Managers | 2% |
| Architecture and Engineering Occupations | 10% |
| Engineers | 7% |
| Office and Administrative Support Occupations | 10% |
| Production Occupations | 52% |
| Assemblers and Fabricators | 17% |
| Assemblers and Fabricators, All Other, Including Team Assemblers | 12% |
| Metal Workers and Plastic Workers | 26% |
| Machinists | 7% |
| Machinists | 7% |
| Welding, Soldering, and Brazing Workers | 6% |
| Welders, Cutters, Solderers, and Brazers | 6% |
| Other Production Occupations | 6% |
Government Contracts
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 $76,393 per company.
Top Companies in Industrial Process Furnace & Oven Manufacturing and Adjacent Industries
| Company | Address | Revenue
($ Millions) |
|---|
Included |
