Industry Analysis & Industry Trends
In the five years to 2015, improvements in the housing market and overall economy have led to revenue growth for the Washer and Dryer Manufacturing industry. Over the same period, however, the number of industry production facilities contracted, as US-based manufacturers continued to face strong competition from foreign companies with cost advantages. Nevertheless, continued recovery of the housing market will lead to greater demand for industry products from homeowners over the next five years. Additionally, new energy-efficiency standards will lift demand for higher-end products that are typically manufactured domestically.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Washer and Dryer Manufacturing industry is in the decline stage of its life cycle. In the 10 years to 2020, industry value added (IVA), which measures an industry's contribution to the overall economy, is projected to increase at an annualized rate of only 0.2%. Over the same period, GDP is forecast to grow at an average annual rate of 2.5%. Typically, IVA that trails GDP growth is indicative of a mature industry.
Additionally, US washer and dryer manufacturers have steadily consolidated due to high import competition and volatile demand. In the 10 years to 2020, the number of establishments is projected to fall at an average annual rate of 4.4%. During this period, large global washer and dryer manufactures, such as AB Electrolux, have shut down their US facilities... purchase to read more