Industry Analysis & Industry Trends
Industry companies directly experienced the adverse effects of the housing market contraction, weak consumer spending on durable goods and rising import penetration early in the five-year period, with revenue continuing its decline through 2011. However, improvements in underlying demand from a recovering housing market and disposable income growth have facilitated the industry's recovery. In the next five years, the continued recovery of the US housing market will lead to greater emand, propelling industry revenue. Additionally, new energy-efficient products will drive industry revenue... 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 a 0.7% annualized rate from 2010 to 2020, below the pace of overall GDP, which will grow at an average annual rate of 2.1% during the same period.
The industry is highly globalized with high levels of competition due to low production differentiation... purchase to read more