Industry Statistics and Trends
Oven, Furnace & Furnace Burner Manufacturing in Europe key trends
Weak export activity limits revenue prospects.
A substantial chunk of industry revenue comes from exports. However, the share of income accounted for by exports has decreased from 62.8% in 2019 to an expected 56% in 2024, with exports falling well below pre-pandemic levels.
Increasing demand for energy-efficient furnaces offers some growth opportunities.
European manufacturers will continue pouring money into R&D to create energy-efficient furnaces and burners, focusing on reducing the overall carbon footprint, enhancing productivity and significantly cutting operational costs.
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Oven, Furnace & Furnace Burner Manufacturing in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Oven, Furnace & Furnace Burner Manufacturing in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 2.3 % over the past five years, to reach an estimated €13.1bn in 2024.
Trends and Insights
The pandemic and supply-side constraints take their toll on the industry
- Industry revenue dropped over 2020, 2021 and 2022 as many manufacturers battled with soaring input inflation, supply-side constraints and slashed downstream demand.
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Oven, Furnace & Furnace Burner Manufacturing in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
Technological advancement will drive revenue prospects
- The integration of the Internet of Things (IoT) and AI technologies into manufacturing processes is a prominent trend that will boost productivity and fuel product innovation.
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Revenue
€13.1bn
Employees
65,409
Wages
€X.Xbn
European Leaders & Laggards
* CAGR values are for the years 2019-2024.
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Biggest companies in the Oven, Furnace & Furnace Burner Manufacturing in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
SMS Holding GmbH | 3,460.4 | 44.4 | 1.3 | |
Metso Outotec | 5,949.5 | 566.3 | 9.5 | |
Robert Bosch GmbH | 91,104.3 | 3,687.8 | 4.0 |
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Oven, Furnace & Furnace Burner Manufacturing in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Oven, Furnace & Furnace Burner Manufacturing industry in Europe in 2024?
The market size of the Oven, Furnace & Furnace Burner Manufacturing industry in Europe is €13.1bn in 2024.
How many businesses are there in the Oven, Furnace & Furnace Burner Manufacturing in Europe industry in 2024?
There are 3,653 businesses in the Oven, Furnace & Furnace Burner Manufacturing industry in Europe, which has grown at a CAGR of 3.4 % between 2019 and 2024.
Has the Oven, Furnace & Furnace Burner Manufacturing industry in Europe grown or declined over the past 5 years?
The market size of the Oven, Furnace & Furnace Burner Manufacturing industry in Europe has been declining at a CAGR of 2.3 % between 2019 and 2024.
What is the forecast growth of the Oven, Furnace & Furnace Burner Manufacturing industry in Europe over the next 5 years?
Over the next five years, the Oven, Furnace & Furnace Burner Manufacturing industry in Europe is expected to grow.
What does the Oven, Furnace & Furnace Burner Manufacturing in Europe include?
Electric furnaces and ovens and Parts for furnaces and ovens are part of the Oven, Furnace & Furnace Burner Manufacturing industry.
Which countries have the most businesses in the Oven, Furnace & Furnace Burner Manufacturing industry in Europe?
The European country with the most businesses in the Oven, Furnace & Furnace Burner Manufacturing industry is Turkey.
How competitive is the Oven, Furnace & Furnace Burner Manufacturing industry in Europe?
The level of competition is moderate and steady in the Oven, Furnace & Furnace Burner Manufacturing industry in Europe.
Related Industries
This industry is covered in 37 countries
- Oven, Furnace & Furnace Burner Manufacturing in Greece
- Oven, Furnace & Furnace Burner Manufacturing in Romania
- Oven, Furnace & Furnace Burner Manufacturing in Slovakia
- Oven, Furnace & Furnace Burner Manufacturing in Sweden
- Oven, Furnace & Furnace Burner Manufacturing in Poland
- Oven, Furnace & Furnace Burner Manufacturing in Croatia
- Oven, Furnace & Furnace Burner Manufacturing in Slovenia
- Oven, Furnace & Furnace Burner Manufacturing in Bulgaria
- Oven, Furnace & Furnace Burner Manufacturing in Germany
- Oven, Furnace & Furnace Burner Manufacturing in Austria
- Oven, Furnace & Furnace Burner Manufacturing in France
- Oven, Furnace & Furnace Burner Manufacturing in Norway
- Oven, Furnace & Furnace Burner Manufacturing in Hungary
- Oven, Furnace & Furnace Burner Manufacturing in the UK
- Oven, Furnace & Furnace Burner Manufacturing in Germany
- Oven, Furnace & Furnace Burner Manufacturing in Finland
- Oven, Furnace & Furnace Burner Manufacturing in Bosnia & Herzegovina
- Oven, Furnace & Furnace Burner Manufacturing in Spain
- Oven, Furnace & Furnace Burner Manufacturing in Portugal
- Oven, Furnace & Furnace Burner Manufacturing in Lithuania
- Oven, Furnace & Furnace Burner Manufacturing in the Netherlands
- Oven, Furnace & Furnace Burner Manufacturing in Belgium
- Oven, Furnace & Furnace Burner Manufacturing in Italy
- Oven, Furnace & Furnace Burner Manufacturing in Cyprus
- Oven, Furnace & Furnace Burner Manufacturing in Latvia
- Oven, Furnace & Furnace Burner Manufacturing in Luxembourg
- Oven, Furnace & Furnace Burner Manufacturing in Czechia
- Oven, Furnace & Furnace Burner Manufacturing in Serbia
- Oven, Furnace & Furnace Burner Manufacturing in Denmark
- Oven, Furnace & Furnace Burner Manufacturing in Turkey
- Oven, Furnace & Furnace Burner Manufacturing in Ireland
- Oven, Furnace & Furnace Burner Manufacturing in Estonia
- Oven, Furnace & Furnace Burner Manufacturing in Europe
Table of Contents
About this industry
Industry definition
Companies in this industry manufacture electrical and other industrial furnaces, burners and ovens, including incinerators for industrial and domestic use and other thermal equipment. The industry does not include the manufacture of household electric stoves and ovens, central heating radiators and boilers, solar cells, solar panels and dryers.
Related Terms
ARC FURNACELABORATORY FURNACEVACUUM FURNACEWhat's included in this industry?
Electric furnaces and ovensParts for furnaces and ovensBurnersNon electric furnaces and ovens for roasting and meltingOther productsCompanies
SMS Holding GmbHMetso OutotecRobert Bosch GmbHIndustry Code
2815 - Manufacture of ovens, furnaces and furnace burners in Europe
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Performance
Key Takeaways
The pandemic and supply-side constraints take their toll on the industry
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Oven, Furnace & Furnace Burner Manufacturing in Europe industry (2011 -2029)
- Employees in the Oven, Furnace & Furnace Burner Manufacturing in Europe industry (2011 -2029)
- Business in the Oven, Furnace & Furnace Burner Manufacturing in Europe industry (2011 -2029)
- Profit in the Oven, Furnace & Furnace Burner Manufacturing in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Oven, Furnace & Furnace Burner Manufacturing in Europe industry?
Outlook
Analysis
What's driving the Oven, Furnace & Furnace Burner Manufacturing in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Oven, Furnace & Furnace Burner Manufacturing in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Oven, Furnace & Furnace Burner Manufacturing in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Soaring demand for metal production lifts orders. Soaring metal prices have increased demand for electric furnaces as downstream metal processors and producers rush to benefit from higher market prices.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Oven, Furnace & Furnace Burner Manufacturing in Europe industry's products and services performing?
Analysis
What are innovations in the Oven, Furnace & Furnace Burner Manufacturing in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Oven, Furnace & Furnace Burner Manufacturing in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
The industry is highly fragmented. The industry is characterised by a high degree of fragmentation thanks to the broad product portfolio and the large number of customers with diverse needs.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for SMS Holding GmbH
- Countries of operation for Metso Outotec
- Countries of operation for Robert Bosch GmbH
- Countries of operation for Vaillant GmbH
- Countries of operation for Viessmann Group GmbH & Co KG
- Countries of operation for NIBE Group AB
- Countries of operation for Fives Group SAS
- Countries of operation for Ferroli SpA
- Countries of operation for IVA Schmetz GmbH
- Countries of operation for Hornos Industriales Pujol SA
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Manufacturers must abide by EU and national product standards and regulations. For example, the most essential set of rules for the commercial use of heat pumps is EU Regulation 517/2014 on hydrofluorocarbons.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Oven, Furnace & Furnace Burner Manufacturing in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Large-scale manufacturers protect themselves against input inflation. Some large-scale manufacturers have managed to at least partially offload higher steel prices on downstream consumers or hedge against input price fluctuations via long-term fixed-price supply contracts.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Oven, Furnace & Furnace Burner Manufacturing in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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