The past five years have not been a favorable period for the Thermometer Manufacturing industry. Demand for thermometers is largely driven by demand for these downstream products and the industries that use them. However, while downstream trends can affect demand for thermometers, the most important factor in determining industry revenue is the price of thermometers. The overall decline in the price of key inputs such as plastic materials and resin is largely responsible for the negative trend in industry revenue over the past five years. Over the five years to 2023, the Thermometer Manufacturing industry is expected to return to growth as demand from downstream industries is expected to remain strong, while the price of plastic materials and resin is expected to rise again.
Establishments in this industry primarily manufacture temperature-monitoring devices, such as digital thermometers, infrared thermometers, electronic temperature monitors, and temperature strips.
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.