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 SWOT Analysis Chapter
The Major Household Appliance Manufacturing industry is in a declining phase of its life cycle in the United States. This phase is characterized by the industry's declining contribution to GDP, contractions in the number of industry companies and production facilities, market saturation, consolidation and declining profitability. Industry value added (IVA), a measure of the industry's contribution to overall economic growth, is forecast to grow at an 0.9% annualized rate from 2009 to 2019, below the pave of overall GDP, which will grow at an average annual rate of 2.5% during the same time period.
The industry is highly globalized with high levels of competition due to low production differentiation... purchase to read more