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Furnaces in the US Procurement Price, Data and Insights
This report is intended to assist buyers of furnaces. The main function of a furnace is to generate heated air, which is then circulated throughout a building or structure to heat the space. Specialized furnaces are also used for industrial applications such as heating or melting materials. Furnaces are commonly powered by gas, oil or electricity.
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What’s included in this market coverage
IBISWorld's research coverage on the Furnaces procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Furnaces market in the United States includes Blast Furnaces, Gas Furnaces and Forced-Air Furnaces. Standard coding in this coverage includes ISIC-2815-Manufacture of ovens, furnaces and furnace burners, NACE-28.21-Manufacture Of Ovens, Furnaces And Furnace Burners, NAICS-333415-Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing and UNSPSC-40101805-Furnaces.
What companies are included as top suppliers?
The top companies covered in the Furnaces procurement report as suppliers are Paloma Co. Ltd., Lennox International Inc., Robert Bosch Gmbh, Carrier Global Corporation and Johnson Controls International Plc.
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Furnaces market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per furnace, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Furnaces market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Furnaces procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Furnaces market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Furnaces market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Furnaces?
The 2026 benchmark market price for Furnaces is $7640 per furnace. Prices have increased at a CAGR of 1.44 from 2023-26.
Who are the top vendors in the Furnaces market?
The top vendors in the Furnaces market include Paloma Co. Ltd., Lennox International Inc., Robert Bosch Gmbh, Carrier Global Corporation and Johnson Controls International Plc.
What industries supply the Furnaces market?
The top industries supplying the Furnaces market are Aluminum Manufacturing in the US, Engine & Turbine Manufacturing in the US, Iron & Steel Manufacturing in the US, Iron Ore Mining in the US, Metal Pipe & Tube Manufacturing in the US and Gasoline & Petroleum Wholesaling in the US.
What is the supply chain risk for Furnaces?
Low market concentration increases competition and strengthens buyer negotiation leverage. The furnace market is characterized by low market share concentration, with many regional and national manufacturers competing for business across residential, commercial, and industrial segments. This competitive environment enhances buyer leverage, as suppliers must differentiate on price, product quality, and service terms to win contracts. Buyers benefit from a wide range of sourcing options and can solicit competitive bids to secure more favorable pricing. Procurement teams should use this fragmented market to negotiate stronger warranty packages, service responsiveness, and delivery timelines.
What factors affect the price of Furnaces?
The manufacturing process of furnaces significantly affects pricing due to factors such as material costs, labor intensity, and production technology. For instance, furnaces made with high-grade steel and advanced automation may have higher upfront costs but can achieve greater efficiency and durability, potentially leading to lower long-term operational costs for buyers in sectors like construction and industry.
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