Industry Analysis & Industry Trends
High unemployment and stagnant income growth from the recession resulted in consumers becoming 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 Key Buyers Chapter
The Washer and Dryer Manufacturing industry exhibits a high degree of market share concentration. There are a small number of players competing in the industry, with the top four companies accounting for 85.2% of revenue. General Electric Company is the largest firm and currently controls 26.1% of the market. Similarly, Whirlpool Corporation, AB Electrolux and LG Electronics all account for large proportions of revenue and are expected to continue doing so. The industry became increasingly concentrated in 2006 when Whirlpool acquired one of its key competitors, Maytag Corporation.
Consolidation has led market share concentration to increase over the past five years... purchase to read more