Industry Analysis & Industry Trends
The performance of the Oven and Stove Manufacturing industry hinges most significantly on the level of activity in the residential construction sector, specifically with the number of new housing starts. Over the past five years, the housing market crash and subsequent recession hampered demand for newly manufactured ovens and stoves. Firms were also subject to the extreme volatility in the world price of steel, a key input in the production of stoves and ovens. In the five years to 2017, the industry will benefit from the generally improving economic climate and its positive effect on productivity in the residential construction market.... purchase to read more
Industry Report - Industry Analysis Chapter
The Oven and Stove Manufacturing industry has been subject to the extreme volatility in the US housing market and stark rises in the costs of key input materials over the past five years. In general, the industry relies heavily on the housing industry and the tendency of new homeowners to purchase new major appliances like ovens and stoves. Additionally, the industry is affected heavily by the prices of key input materials, particularly that of steel. Changes in steel prices affect industry profitability by altering the costs of production on ovens and stoves. Over the past five years, the US housing market crash hampered productivity within the industry... purchase to read more