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 Investment Chapter
Capital intensity for the Candle Manufacturing industry is low. The typical industry player spends about $0.06 on capital investments for every dollar spent on labor. Depreciation costs account for only about 1.1% of industry revenue while wages represent nearly 20.0%. Candle making is a very labor-intensive process and while some automation has been achieved by the industry, it remains a craft. Workers place a cotton wick into wax that is then molded, extruded and shaped. Capital intensity has increased only slightly over the past five years and is not forecast to grow over the five years to 2017. Companies are more likely to gain consumer attention if their candles are handmade and unique... purchase to read more