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Candle Manufacturing in the US - Industry Market Research Report

Publisher IBISWorld
Published Oct 12, 2024
Length 79 Pages
SKU # IBSS19340664

Description

Candle Manufacturing in the US - Industry Market Research Report


Candle Manufacturing in the US

Candle manufacturing is strongly influenced by consumer spending power. Candles have almost entirely lost their function as a source of light, but they have reemerged as a popular home decor product. They are highly discretionary purchases that compete with other home decor and air-freshening products. Still, rising consumer spending and the introduction of more scented and colored candle varieties has boosted performance. Also, the industry exhibited resiliency amid the COVID-19 pandemic, as stay-home-orders and establishment restrictions caused the majority of people to be locked in-doors. Consumers began investing more into home-improvements and other household items, candles included. Nonetheless, as restrictions begin to ease and travel patterns resume, consumers will spend less time at home and will spend less money on household items and décor, hindering the industry. Candle manufacturing revenue has been inching upward at a CAGR of 0.9% over the past five years and is expected to total $2.8 billion in 2023, when revenue will fall by an estimated 0.8%. Profit will also increase as wage costs have declined.

This industry manufactures scented and unscented candles.

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.

Table of Contents

79 Pages
TABLE OF CONTENTS

ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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