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 SWOT Analysis Chapter
The Washer and Dryer Manufacturing industry is in the decline stage of its life cycle. In the 10 years to 2018, industry value added (IVA), which measures an industry's contribution to the overall economy, is projected to increase at an annualized rate of 1.3%. Over the same period, GDP is forecast to grow at an average annual rate of 2.1%. Typically, a similar rate of IVA and GDP growth indicates a mature industry. However, IVA growth is entirely due to rising capital investments and recovering profit margins from the recession. Overall, IVA remains significantly below precession levels.
In the coming years, consumer demand for industry products is projected to remain poor. While industry revenue is anticipated to recover, import competition will remain high... purchase to read more