Industry Analysis & Industry Trends
Although candle manufacturers experienced some recessionary declines, revenue has risen over the past five years. Over the next five years, rising disposable incomes will support consumer purchases of these highly discretionary products, giving industry revenue a much-needed boost. However, rising input costs are set to pressure the industry's profit growth potential.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
While the industry's value added (IVA) – the measure of its contribution to the US economy – is forecast to grow a mere 0.1% per year on average over the 10 years to 2017, the Candle Manufacturing industry is mature. The recession ravaged IVA over the past five years as profit declined; IBISWorld estimates that IVA has declined at an average annual rate of 3.1% since 2007. However, a rebound in consumer spending will push IVA up at an annualized rate of 3.5% over the next five years. A number of other factors point to this conclusion, including a growing number of industry establishments and a set product portfolio.
Despite the recession, the number of industry participants has grown at an average annual rate of 0.1% from 2007 to 2012... purchase to read more