Industry Analysis & Industry Trends
Major Household Appliance Manufacturing is highly globalized, with many foreign companies that compete aggressively in the US market. Industry companies directly experienced the effects of housing market contraction and weak recessionary consumer spending over the past five years, which weakened revenue as imports supplied an increasing share of domestic demand. Manufacturers in the industry have begun to recover in part by cutting employment and offshoring some production in response to competition and price pressures. Though demand will rise in the next five years in line with the continued housing recovery, these pressures will continue to weigh on profit margins, while development of new energy-efficient products will present new revenue opportunities... purchase to read more
Industry Report - Industry Locations Chapter
The geographic distribution of establishments primarily engaged in major household appliance manufacturing has generally followed major population centers. The Southeast has 35.9% of the industry's establishments and accounts for 25.4% of the US population. Tennessee alone holds 19 establishments.
The West and Great Lakes regions hold the second- and third-largest number of establishments. These regions not only have large populations, but also benefit from their proximity to large ports, providing easy access to imports and transports. The Great Lakes region, which accounts for 23.4% of all establishments, enables easy access to Canada, with the majority of all merchandise trade between the US and Canada traveling through Detroit by land and sea... purchase to read more