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 - Starting a New Business Chapter
The Washer and Dryer Manufacturing industry has high barriers to entry. The four largest players 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. Firms 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