Heating Equipment (except Warm Air Furnaces) Manufacturing – 2024 U.S. Market Research Report

Publish Date: December 2023

This 63-page market research report provides a comprehensive analysis on the $6.2 billion heating equipment (except warm air furnaces) manufacturing industry in the United States. This report covers more than 100 statistical data sets with historical trend data from 2015 to 2023, and 2024 and 2028 forecasts. The source of the data is from annual comprehensive surveys from a majority companies in the heating equipment (except warm air furnaces) manufacturing industry.

This report has the in-depth industry insights you are looking for as it covers market size & growth, 26 expense categories, extensive financial analysis, 100+ forecasts, inventory statistics, detailed breakdown of 31 balance sheet items, segmentation by business size and structure, top 50 companies analysis, production material costs, profit margin analysis, state metrics analysis, plant utilization, employee role analysis, inflation statistics, employee pay analysis, employee productivity benchmarks, and numerous other data sets.

Heating Equipment (except Warm Air Furnaces) Manufacturing Report


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The 2024 U.S. Heating Equipment (except Warm Air Furnaces) Manufacturing Industry Market Research Report is 63 pages of deep insights into the trends, dynamics, and forecasts shaping the industry. You can use this market research report to develop a comprehensive fact base on the industry for strategic planning, business forecasting, streamlining expenses, competitive intensity analysis, identifying growth opportunities, financial benchmarking, plant performance benchmarking, understanding the market, valuations, organizational streamlining, sales & marketing initiatives, productivity improvement initiatives, operational streamlining, gap analysis, and other analyses.

Below are a few page images from the report and check out the table of contents for a complete overview.

heating equipment (except warm air furnaces) manufacturing market size chart

Operating expense chart for heating equipment (except warm air furnaces) manufacturing

Heating Equipment (except Warm Air Furnaces) Manufacturing Profit

heating equipment (except warm air furnaces) manufacturing BCG Matrix

Heating Equipment (except Warm Air Furnaces) Manufacturing Factory Capacity Utilization Trend

Heating Equipment (except Warm Air Furnaces) Manufacturing Organizational Breakdown Chart


Industry Definition


This U.S. industry includes companies primarily engaged in manufacturing heating equipment (except electric and warm air furnaces), such as heating boilers, heating stoves, floor and wall furnaces, and wall and baseboard heating units. 

NAICS Code: 333414

Total # of Companies: 365

Total # of Factories / Facilities: 395

Industry Employees: 16,647

Market Size: $6.2 billion

Product Lines Covered


Other heating equipment, excluding industrial types (including parts for nonelectric heating equipment and oil burners)
Heating equipment (except warm air furnaces) manufacturing, nsk, total
Cast iron heating boilers, radiators, and convectors (excluding electric, automotive, and parts)
Domestic heating stoves (excluding electric and parts)
Floor and wall furnaces, unit heaters, gas-fired infrared heaters, and mechanical stokers (including parts)
Steel heating boilers (15 p.s.i. or less) and all other hot water heating boilers (excluding parts)

Table of Contents


Explore the below table of contents of the Heating Equipment (except Warm Air Furnaces) Manufacturing Market Research Report to understand the comprehensive insights in the report and why thousands of professionals and executives count on Kentley Insights for their industry research.


1-2 – Report Overview & Table of Contents

3 – Industry Overview
– Methodology
– Industry Definition & Examples

4 – Industry Snapshot – Revenue & Growth

5 – Industry Snapshot – Costs & Profitability

SECTION ONE
REVENUE & GROWTH BENCHMARKS

7 – Industry Growth Details
– Industry Revenues
– Companies
– Facilities
– 2015-2023 Historical Figures
– Forecasts for 2024 and the Next 5 Years

8 – Growth Benchmarks
– Revenues per Company
– Revenues per Facility
– Facilities per Company
– 2015-2023 Historical Figures
– Forecasts for 2024 and the Next 5 Years

9 – Breakdown of Product Lines
– Percentage of Revenue from Product Lines

10 – BCG Matrix – Net Income vs. Revenue Growth
– Manufacturing Subsectors vs. Industry

11 – Total Industry Revenue by Month & Year
– Revenue per Month for 2019-2023

12 – Inventory Value by Month & Year
– Inventory Value per Month for 2019-2023

13 – Months of Inventory
– Months of Inventory per Month for 2019-2023

14 – Industry Revenue by Segments
– Concentration Segments – Top 4, 5-8, 9-20, & 21-50 companies
– Business Size Segments – 1-4, 5-9, 10-20, 21-50, 51-100, 101-250, & 250+ employees
– Business Structure Segments – C-Corporations, S-Corporations, Partnerships, & Sole Proprietorships

15 – Industry Market Size by State
– Industry Revenue by State and Rankings

16 – Revenue as a % of State GDP
– Sales as a Percentage and State Rankings

17 – Industry Revenue as a % of State Manufacturing
– Sales as a % of Income and State Rankings

18 – Industry Segmentation by Business Size
– Sales as a % of Income and State Rankings

19 – Industry Segmentation by Business Size
– Business Size Segments – 1-4, 5-9, 10-20, 21-50, 51-100, 101-250, & 250+ employees
– Companies, Facilities, Sales, Employees & Payroll

20 – Industry Segmentation by Concentration (Top 50 Companies)
– Concentration Segments – Top 4, 5-8, 9-20, & 21-50 companies
– Companies, Facilities, Sales, Employees & Payroll

21 – Industry Market Share of Top 50 Companies
– Market Share & Total Revenue for 2017 versus 2022

22 – Subsector Market Share of Top 50 Companies
– Market Share & Total Revenue for 2017 versus 2022

23 – Industry Segmentation by Business Structure
– Business Structure Segments – C-Corporations, S-Corporations, Partnerships, & Sole Proprietorships
– Companies, Facilities, Sales, Employees & Payroll

24 – Sales per Company by State
– Sales per Company and State Rankings

25 – Sales per Company by Segments
– Concentration, Business Size, & Business Structure

26 – Sales per Facility by State
– Sales per Facility & State Ranking

27 – Sales per Facility by Segment
– Concentration, Business Size, & Business Structure

28 – Manufacturing Subsector Growth
– Sales and 5-Year CAGR

29 – Manufacturing Subsector Statistics
– Sales per Company & Facility, and 5-Year CAGR

30 – Consolidation Analysis
– 5-year CAGR of Companies & Locations

31 – Employment Consolidation Analysis
– 5-year CAGR of Employee Statistics

32 – Manufacturing Subsector Consolidation Analysis
– Number of Companies
– Number of Facilities
– 5-Year CAGR

33 – Manufacturing Subsector Consolidation Analysis
– Facilities per Company
– Employees per Company
– 5-Year CAGR

SECTION TWO
COST, CAPITAL & PROFIT BENCHMARKS

35 – Profitability & Financial Ratio Analysis
– Percent of Companies that are Profitable
– Average Net Income as a Percent of Revenue
– Financial Ratios – 10 ratios, Total Asset Turnover, Fixed Asset Turnover, Fixed Assets to Total Assets Ratio, Total Assets to Total Liabilities Ratio, Return on Sales, Return on Total Assets, Return on Net Worth, Total Liabilities to Net Worth Ratio, Fixed Assets to Net Worth Ratio, Solvency Ratio

Page 36 – Balance Sheet Metrics
– Assets and Liabilities indexed to industry revenue at 100
– Current & Non-Current Assets: Cash, Notes & Accounts Receivable, Allowance for Bad Debts, Inventories, Treasuries & Securities, Other Current Assets, Loans to Shareholders / Mortgage, Other Investments, Depreciable Assets, Accumulated Depreciation, Land, Intangible Assets (Amortizable), Accumulated Amortization, Other Assets
– Short-term, Long-term Liabilities, & Net Worth: Accounts Payable, Mortgages, Notes, Bonds due in less than 1 Yr., Other Current Liabilities, Loans from Shareholders, Mortgages, Notes, Bonds > 1 Yr., Other Liabilities, Capital Stock, Additional Paid-in Capital, Retained Earnings, Cost of Treasury Stock

37 – Operating Expenses
– Industry Operating Expenses
– Industry Revenue vs. Operating Expense Growth
– Operating Expense as a Percent of Revenue
– 2015-2023 Historical Figures
– Forecasts for 2024 and the Next 5 Years

38 – Operating Expenses by Company & Facility
– Operating Expenses per Company
– Operating Expenses per Facility
– Revenue vs. Expenses Growth per Facility
– 2015-2023 Historical Figures
– Forecasts for 2024 and the Next 5 Years

Page 39 – Operating Expense Detail
– Employee Expenses: Annual Payroll, Health insurance, Defined benefit pension plans, Defined contribution plans, Other fringe benefits, Temporary staff
– Cost of Materials: Cost of materials, parts, containers, packaging, etc., Cost of resale, Cost of electricity and fuels, Cost of contract work
– Buildings and Equipment: Capex for machinery and equipment, Rental or lease for machinery and equipment, Capex for buildings and structures, Rental or lease for buildings and structures, Repair and maintenance of buildings and machinery
– Other Operating Expenses: Professional and technical services, IT software and hardware, Data processing and communications, Advertising, Refuse removal, Taxes and license fees, All other operating expenses
-Inventory Breakdown: Inventory (as a % of total receipts), Finished goods inventory, Work-in-progress inventory, Materials and supplies inventory

40 – Production Material Costs
– Top Production Material Costs Breakdown
– % of Total Production Material Cost

41 – Producer Pricing Index
– Annual PPI – Indexed to 2006
– 2015-2023 Historical Figures
– Forecasts for 2024 and the Next 5 Years
– Monthly PPI Figures for the Past 4 Years

42 – Plant Utilization & Hours
– Plant Utilization Rate
– Plant Operational Hours per Week
– 2019-2022 Historical Figures by Quarter

43 – Reasons for Non-Full Production
– 7 Categories Quarterly Survey Results for Past 2 Years

44 – Productivity & Industry Employment
– Revenue per Employee
– Total Industry Employees
– Employees per Company
– 2015-2023 Historical Figures
– Forecasts for 2024 and the Next 5 Years

45 – Employee Productivity by Segments
– Concentration, Business Size, & Business Structure

46 – Employee Productivity by State
– Revenue per Employee and State Rankings

47 – Manufacturing Subsector Sales & Payroll per Employee
– Absolute & 5-year CAGR

48 – Industry Payroll
– Payroll per Employee
– Payroll per Company
– Payroll per Facility
– 2015-2023 Historical Figures
– Forecasts for 2024 and the Next 5 Years

49 – Payroll per Company by Segments
– Concentration, Business Size, & Business Structure

50 – Payroll per Facility by Segments
– Concentration, Business Size, & Business Structure

51 – Payroll per Employee by Segments
– Concentration, Business Size, & Business Structure

52 – Payroll per Employee by State
– Payroll per Employee and State Rankings

53 – Workforce Composition
– % of Employees for 27 Job Categories
– Management & Finance
– Sales & Marketing
– Technology, Engineering, Science
– Service, Support & Training
– Operations

54 – Job Categorization Pay Ranges
– Management & Finance
– Sales, Service & Marketing
– Operations
– Pay Bands – Bottom 10% & 25%, Mean, Top 25% & 10%

55 – Top 20 Jobs Breakdown
– Percent of Total Employees

56 – Top 20 Jobs Pay
– Pay Bands – Bottom 10% & 25%, Mean, Top 25% & 10%

57 – Employees per Company by Segments
– Concentration, Business Size, & Business Structure

58 – Employees per Facility by Segments
– Concentration, Business Size, & Business Structure

59 – Facilities per Company by Segments
– Concentration, Business Size, & Business Structure

60 – Total Employment by State
– Number of Employees and State Rankings

61 – Population to Every Employee by State
– Number of Residents to Industry Employee
– State Rankings

62 – Employees per Facility by State
– Average Number of Employees per Facility
– State Rankings

63 – Overview of Kentley Insights


Methodology & Data Sources


The sources for the report data include federal and private surveys completed by the majority of companies in the industry covering extensive financial and operational topics for the heating equipment (except warm air furnaces) manufacturing industry. Our forecasts take into account historical trends, industry dynamics, and our macroeconomic projections.

Sample Report Download


Click on the image to download a full sample report. The 2024 Heating Equipment (except Warm Air Furnaces) Manufacturing Market Research Report has the same format and data sets.

Wood Kitchen Cabinet Countertop Manufacturing Report

Report Details


Report: Heating Equipment (except Warm Air Furnaces) Manufacturing Industry Market Research Report

Number of Pages: 63

Format: PDF

Price: $295

Support Contact:
Email us at support@kentleyinsights.com
Call us at 1-800-613-3611

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Industry Jobs Analyzed


Assemblers and Fabricators
Metal Workers and Plastic Workers
Other Production Occupations
Engineers
Material Moving Workers
Other Installation, Maintenance, and Repair Occupations
Material Recording, Scheduling, Dispatching, and Distributing Workers
Supervisors of Production Workers
Drafters, Engineering Technicians, and Mapping Technicians
Construction Trades Workers
Sales Representatives, Wholesale and Manufacturing
Business Operations Specialists
Operations Specialties Managers
Information and Record Clerks
Top Executives
Financial Clerks
Computer Occupations
Other Office and Administrative Support Workers
Financial Specialists
Secretaries and Administrative Assistants

Material Cost Categories


Materials, ingredients, containers, and supplies, nsk
Cost of all other materials and components, parts, containers, and supplies consumed
Steel sheet, steel strip, and tin mill products
Heating equipment, excluding warm air furnaces, including parts and accessories
Steel structural shapes and sheet piling (excluding castings, forgings, and fabricated metal products)
Misc. fabricated metal products (excluding hardware, containers, screw machine, bearing components, castings, forgings, and wire)
Paper and paperboard products
Iron and steel castings
Steel bars (including concrete reinforcing bars), bar shapes, and plate (excluding castings, forgings, and fabricated)
Misc. iron, steel, and ferroalloy ingot, shapes, and forms (excluding castings, forgings, bars, structural, wire, sheet, strip)
Automatic temperature controls (thermostats, regulators, etc.)
Electric motors, generators, and parts

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