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... purchase to read more
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... ... purchase to read more
Industry Report - Industry Locations Chapter
The geographic mix of industry establishments is generally consistent with the population and wealth distribution of the United States. Industry manufacturers locate close to both downstream retail industries and end consumers. Coastal regions, particularly highly populated urban states, such as California, New York, Texas and Florida, have the highest density of candle manufacturers.
The West region accounts for 20.3% of industry establishments, making it the largest region for candle manufacturers. Correspondingly, it accounts for about 17.2% of the overall population. California is the leading state in the region, with 12.2% of the US population and 15.6% of industry establishments.
.. ... purchase to read more
Additional Insights for the
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... purchase to read more