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 Analysis Chapter
Large multinational household appliances manufacturers dominate the Washer and Dryer Manufacturing industry. Major players include General Electric, Whirlpool, AB Electrolux and LG Electronics, all of which have considerable brand recognition in the appliances market. The US washer and dryer market is also subject to high import competition from foreign appliance manufacturers, including Haier, Siemens and Samsung. In general, household appliances, including washers and dryers, are highly commoditized, making it difficult for US-based manufacturers to compete against international manufacturers with lower labor costs.
This industry has steadily contracted over the past five years due to stagnant household demand for washer and dryers... purchase to read more