This industry comprises establishments primarily engaged in shaping, molding, glazing, and firing pottery, ceramics, and plumbing fixtures made entirely or partly of clay or other ceramic materials.
NAICS 32711, covering Pottery, Ceramics, and Plumbing Fixture Manufacturing, is experiencing several notable qualitative trends. The industry is increasingly focusing on sustainability and eco-friendly products. Manufacturers are adopting cleaner production technologies and sustainable raw materials to meet consumer demand for environmentally conscious products. Additionally, there is a growing emphasis on personalized and custom-designed fixtures as consumers seek unique and bespoke home decor solutions.
Technological advancements are also playing a significant role, with the integration of smart technologies into plumbing fixtures, such as touchless and digitally controlled faucets. This trend is expected to grow as IoT and home automation systems become more widespread. Furthermore, the use of 3D printing in ceramics manufacturing is gaining traction, allowing for more complex designs and reduced production costs.
Looking ahead, the industry is likely to see continued growth in the premium segment, driven by rising disposable incomes and urbanization. The global supply chain challenges and inflationary pressures, however, may pose short-term hurdles. Nonetheless, firms that innovate and emphasize sustainability are well-positioned for success in the evolving market landscape.
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.