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 - Starting a New Business Chapter
The Washer and Dryer Manufacturing industry has high barriers to entry. The largest industry operators account for the vast majority of industry market share, reflecting high concentration that makes it very difficult for new entrants to succeed against well-established brand names. However, the largest barriers to entry for prospective operators are startup costs and product differentiation.
Prospective entrants to the Washer and Dryer Manufacturing industry face extensive startup costs for facilities, machinery and materials. Companies also need to develop relationships with distribution networks to place products in retail outlets. Because most washers and dryers are homogenous, there are a limited number of brands available for purchase... purchase to read more