Industry Analysis & Industry Trends
The Commercial Washing Machine Manufacturing industry has experienced growth over the past five years due to steady US population growth, particularly in urban areas. Declining rental vacancy rates have meant more consumers using laundromats and communal laundry rooms, both of which typically contain commercial washing machines. In fact, a rise in multifamily construction has expanded the industry's potential customer base in recent years. Demand for industry products is stable, and growth is expected to continue through the next five years. However, rapid recent growth in industry exports will likely be tempered by a stronger US dollar and slowing growth in emerging markets.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Commercial Washing Machine Manufacturing industry is in the mature stage of its life cycle. In the 10 years to 2020, industry value added, which measures an industry's contribution to the overall economy, is projected to increase at an annualized rate of 2.5%; this is in line with US GDP, which is also forecast to grow at an annualized 2.5% during this period. As a result, this industry's importance to the economy is relatively stable, which indicates maturity.
This industry also exhibits other characteristics of a mature industry. Industry products are well rationalized and stable; companies produce commercial washing machines of various load styles and sizes... purchase to read more