The market is dominated by domestic suppliers, as imports account for 23.9% of total market size in 2021. B2B drives market demand, with B2B spending representing 99.3% of total demand in 2021. The US has the largest market size for industrial and laboratory furnaces across the top 20 developed countries, with demand reaching USD7.0 billion in 2021. Ajax Tocco Magnethermic Corp is the largest company in the US, generating 1.2% of the industry’s total production value in 2021. The industry is fragmented, with the top five companies generating 3.9% of total production value in 2021. The total number of companies increases in 2021, to 1,225 units. The costs of the industry increase by 10.5% in 2021, largely driven by rising B2B costs. The industry’s profitability increases and stands at 6.2% of production value in 2021, the 10th highest across the top 20 developed countries. With production value of USD4.8 billion, the US accounts for 96.5% of the North America total in 2021.
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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
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