Industry Analysis & Industry Trends
The recovery in the housing market will bode well for appliance manufacturers. Because new homeowners comprise a significant portion of appliance sales, the anticipated rise in housing starts will bring increased demand to the industry. Appliance manufacturers will continue to face rising input costs, however, particularly plastic. With financial assistance from federal tax credits expiring, many operators will cope by moving their production to lower labor-cost countries, such as China or Mexico... 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 firms 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 2.5% annualized rate from 2009 to 2019, lower than overall GDP, which will grow at an average annual rate of 2.7% during the same time period.
The industry is highly globalized with high levels of competition due to low production differentiation... purchase to read more