The market is dominated by domestic suppliers, as imports account for 25.6% of total market size in 2023. B2B drives market demand, with B2B spending representing 98.6% of total demand in 2023. The US has the largest market size for industrial and laboratory furnaces across the top 20 developed countries, with demand reaching USD8.4 billion in 2023. Ajax Tocco Magnethermic Corp is the largest company in the US, generating 1.3% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 4.8% of total production value in 2023. The total number of companies decreases in 2023, to 1,108 units. The costs of the industry increase by 4.1% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 8.7% of production value in 2023, the eighth highest across the top 20 developed countries. The industry’s exports share increases in 2023 to 16.2% of total production output. With production value of USD5.7 billion, the US accounts for 96.7% of the North America total in 2023.
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This Euromonitor industrial report provides unique information on Industrial and Laboratory Furnaces in the US: ISIC 2914. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Industrial and Laboratory Furnaces in the US: ISIC 2914 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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