Overview

Burning up: Rising disposable incomes will bolster revenue while falling input prices will raise margins

IBISWorld’s Candle Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Growing export markets and continued improvements in income will aid revenue
  • Exports have grown rapidly, generating an increasing share of revenue
  • The industry will expand modestly while also consolidating production to keep costs in check

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    Industry Analysis & Industry Trends

    Over the past five years, improving incomes and the introduction of a variety of scented and colored candles has helped the industry recover from lows incurred during the recession. Going forward, the Candle Manufacturing industry is expected to continue benefiting from growing demand for candles domestically and abroad. In turn, this will be underpinned by rising disposable spending and a sustained preference for candles as scented and colored additives to rooms and households. Still, the industry is expected to continue dealing with challenges such as competitive substitutes (e.g. flowers), low-price imported candles and high-plastic input costs...

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    Industry Report - Industry Investment Chapter

    Capital intensity for the Candle Manufacturing industry is low to moderate. The typical industry player spends $0.15 on capital investments for every dollar spent on labor. Depreciation costs account for a much smaller share of costs than labor. 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 remained constant over the past five years, as companies are more likely to gain consumer attention if their candles are handmade and unique. Consequently, the industry is expected to increasing rely on artisanal labor, rather than automated production equipment.

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    Additional Insights for the Candle Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Candle Manufacturing Industry are

  • Ability to alter products produced in favor of market conditions
  • Economies of scale
  • Production of premium products
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Price of plastic materials and resin in the Candle Manufacturing industry impact industry performance..

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    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Price of plastic materials and resin
  • Trade-weighted index
  • Number of households

  • Current Performance
  • Industry structure
  • International trade
  • Prices and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Steady expansion
  • Industry structure
  • Innovation and marketing
  • Table: Candle Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Candle Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Home Furnishings Stores
  • Department Stores
  • Warehouse Clubs & Supercenters
  • Small Specialty Retail Stores
  • Religious Organizations

  • Key Selling Industries
  • Dye & Pigment Manufacturing
  • Organic Chemical Manufacturing
  • Petrochemical Manufacturing

  • Products & Services
  • Candles in jars or containers
  • Other types of candles
  • Pillar candles
  • Votive candles
  • Taper candles
  • Chart: Candle Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Small specialty retail stores
  • Department stores
  • Exports
  • Mass merchandisers
  • Home furnishing stores
  • Online sales
  • Wholesalers
  • Direct sales
  • Chart: Major Market Segmentation for the Candle Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Candle Manufacturing

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Candle Manufacturing Industry

  • Industry Globalization
    Major Companies
    The Yankee Candle Company, Inc.
  • Table: The Yankee Candle Company, Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Candle Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Candle Manufacturing Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Per capita disposable income (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Green
  • A category that includes goods, services, laws, guidelines and policies that have little or no impact on the natural environment. (Also referred to as eco-friendly or environmentally friendly.)
  • Luminaria Candle
  • An outdoor candle made by placing a 15-hour votive in a light-diffusing container filled with sand.
  • Vertical Integration
  • Owning different parts of the supply chain, either in the form of forward integration (owning upstream suppliers) or backward integration (owning downstream buyers).
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Candle Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Candle Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Candle Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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