Industry Analysis & Industry Trends
High unemployment and stagnant income growth from the recession resulted in consumers became less willing to purchase durable products like washers and dryers, which constrained industry demand. In response, larger firms shut down facilities, while smaller firms exited the industry. During the next five years, disposable income and housing starts are projected to grow strongly, fueling consumer demand for washers and dryers.... purchase to read more
Industry Report - Industry Products Chapter
The industry manufacturers a relatively narrow set of products and services. Firms manufacture both washers, dryers and parts and accessories that are used in repairs and servicing. Washers are the largest product the industry manufactures, with top load washers being the most common. Firms in the industry are able to manufacture varied types of these products, which are marketed to different demographics based on price and features included.
Washers account for 52.2% of industry revenue in 2013 and are divided into top load washers and front load washers. Top load washers are the most common product in the United States and account for 32.9% of industry revenue... purchase to read more