Industry Analysis & Industry Trends
The recession led to falling consumer spending in developed economies, which resulted in falling industry revenue. Because demand from developed countries has remained subdued, operators have begun to focus on emerging economies, where rising disposable incomes have boosted demand for household appliances. Over the next five years, the improving global economy will encourage increased consumer spending on industry products. Firms will outsource production to achieve lower per-unit costs, helping revenue grow in the coming years... read more
Industry Analysis
Weakened developed economies and fierce competition in the Global Household Cooking and Appliance Manufacturing industry has hurt industry revenue over the five years through 2013. Demand for home appliances is primarily influenced by fluctuations in household spending, home building activity, advances in product technology, and the cost and reliability of electricity. Since late 2008, weak consumer spending in many developed countries has hurt industry demand. On the other hand, demand for energy-efficient products has curbed these declines in the wake of soaring energy prices. As a result, industry revenue is expected to decrease an annualized rate of 0.1% in the five years through 2013 to reach $225.2 billion... read more