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 Products Chapter
Manufacturers in the Major Household Appliance Manufacturing industry produce and sell a defined set of finished household appliances to downstream wholesale and retail industries who then sell them to end-consumer households.
The largest industry product segment is household cooking appliances, which account for an estimated 25.5% of industry revenue in 2014. Electric ranges, ovens, surface cooking units, equipment and parts accounted for an estimated 55.0% of this segment; gas ranges and cooking equipment accounted for about 35.0%; and other household ranges and cooking equipment accounted for the remaining 10.0%. During the past five years, cooking appliance sales have remained relatively stable as a share of industry revenue... purchase to read more