Water Heater Manufacturing in the US - Industry Market Research Report

Water Heater Manufacturing in the US - Industry Market Research Report

  • March 2020 •
  • 36 pages •
  • Report ID: 5103908 •
  • Format: PDF
In hot water: New residential construction activity is expected to boost demand for industry products

Abstract

Water Heater Manufacturing
The Water Heater Manufacturing industry is relatively small in terms of participation, with only five companies operating in the industry, up from four in 2013. However, most of these companies have at least some manufacturing capacity located outside the United States, and the industry is heavily affected by off- and on-shoring decisions made by these few companies. This natural volatility has been heightened by recent US efforts to restrict trade, particularly regarding Chinese-made water heaters. However, US demand for water heaters has improved significantly over the past five years due to low unempolyment and increasing per capita disposable income. Overall, industry revenue is expected to increase over the five years to 2018. The industry is expected to continue with growing, albeit more modertaly, over the five years to 2023, with industry revenue expected to increase.

This industry manufactures water heaters, which are used in a variety of settings. Most industry products are found in homes, office buildings and industrial facilities. They are made in various sizes and types and are mostly powered by gas or electricity.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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