Bubbling demand: Recovering residential housing market will fuel industry growth

The Water Heater Manufacturing industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.


Industry Threats & Opportunities

  • Although the boom in residential construction will temper, the number of new housing starts is expected to grow robustly
  • The industry has continued to be undermined by rising import penetration
  • New residential construction will create demand for new water heaters

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    Industry Analysis & Industry Trends

    The Water Heater Manufacturing industry has rebounded from recessionary lows.Following the contraction of the housing market, the uptick in new residential construction activity has boosted demand for industry products, as new houses require new water heaters. As a result, industry revenue is expected to climb. While the growth of the housing market has served as the catalyst for demand for new water heaters, the industry has also benefited from disposable income growth, increasing consumers' ability to purchase new water heaters. The industry is expected to continue growing over the five years to 2021, benefiting from the continuation of previous trends.


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    Industry Report - Industry SWOT Analysis Chapter

    The Water Heater Manufacturing industry is in the mature phase of its life cycle. Industry value added (IVA), a measure of the industry's contribution to overall economic growth, is forecast to grow at a 6.0% annualized rate from 2011 to 2021, compared with average annual GDP growth of 2.3% over the same ten year period. Although industry growth is expected to exceed that of GDP, much of this stems from the industry's recovery over the past five years on the heels of a protracted contraction. Moreover, the industry's consolidation and limited opportunities for profit growth underscore its mature nature.

    The overwhelming majority of industry revenue is captured by just a handful of manufacturers, typically representative of a mature industry. IBI..

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    Additional Insights for the Water Heater Manufacturing Industry

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

  • Establishment of brand names
  • Development of new products
  • Market research and understanding
  • IBISWorld analysts also discuss how external factors such as Price of household appliances and Housing starts in the Water Heater Manufacturing industry impact industry performance..

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    Industry Products

    What is the Water Heater Manufacturing Industry?

    This industry manufactures water heaters, which are used in a variety of settings. Most industry products are found in homes, office buildings and industrial facilities. They come in various sizes and types and are mostly powered by gas or electricity.

    Industry Products
    Gas storage-tank water heaters
    Electric storage-tank water heaters
    Tankless water heaters
    Other including solar and heat pump water heaters
    Industry Activities
    Manufacturing storage-tank water heaters
    Manufacturing tankless water heaters
    Manufacturing heat-pump water heaters
    Manufacturing solar water heaters

    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
  • Price of household appliances
  • Housing starts
  • Per capita disposable income
  • Trade-weighted index
  • Price of plastic materials and resin
  • World price of steel

  • Current Performance
  • Housing market drives new demand
  • Export growth and rising import penetration
  • Falling production costs benefit profit margins
  • Industry trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Strong housing recovery spurs growth
  • Energy efficiency becomes key
  • Rising import competition and input costs
  • Table: Water Heater Manufacturing Industry Revenue Outlook

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

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Home Builders
  • Apartment & Condominium Construction
  • Tool & Hardware Wholesaling
  • Plumbing & Heating Supplies Wholesaling
  • Home Improvement Stores
  • Commercial Building Construction

  • Key Selling Industries
  • Electrical Equipment Manufacturing
  • Hose & Belt Manufacturing
  • Laminated Plastics Manufacturing
  • Metal Pipe & Tube Manufacturing
  • Plastic Pipe & Parts Manufacturing
  • Screw, Nut & Bolt Manufacturing
  • Steel Rolling & Drawing

  • Products & Services
  • Gas storage-tank water heaters
  • Electric storage-tank water heaters
  • Tankless water heaters
  • Other including solar and heat pump water heaters
  • Chart: Water Heater Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Replacement
  • New construction

  • Major Markets
  • Wholesalers
  • Retailers
  • Exports
  • Building contractors
  • Chart: Major Market Segmentation for the Water Heater 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
  • Chart: Cost Structure Benchmarking – Sector vs Water Heater Manufacturing

  • Basis of Competition
  • Price
  • Product quality
  • Technology

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

  • Industry Globalization
    Major Companies
    A.O. Smith Corp.Rheem Manufacturing CompanyBradford White Corp.
  • Table: A.O. Smith Corp. - financial performance
  • Table: Rheem Manufacturing Company - financial performance
  • Table: Bradford White Corp. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Water Heater 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 Water Heater Manufacturing Industry
  • 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)
  • Housing Starts (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Energy Star
  • An international standard for energy efficient consumer products responsible for ascertaining the energy usage of water heaters.
  • Hybrid Or Heat Pump Water Heater
  • A heating system that uses an air-sourced heat pump to pull heat from the surrounding air into a storage tank to heat water.
  • Point-Of-Use Tankless Heater
  • An electric or gas water heater normally installed in for a specific fixture, such as a sink or shower.
  • 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 Water Heater 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 Water Heater 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 Water Heater Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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