Cooking with gas: Improving global economic conditions will boost industry demand and revenue

Rising consumer spending and increasing per capita income levels in developed economies and rapid economic growth in emerging markets have driven industry growth. Such positive economic conditions have also expanded industry profit margins, as strong consumer demand has enabled industry operators to increase output and raise per-unit product selling prices. Additionally, shifting manufacturing activities to low-labor-cost countries has cut down the per-unit cost of production and permitted brand owners to focus on research and development. Over the five years to 2022, the industry is expected to grow due to the strengthening global economy, continued growth in emerging economies and a growing population requiring household appliances...purchase to read more.

Industry Statistics & Market Size
Revenue
$437bn
Annual Growth 12-17
3.4%
Forecast Growth 17-22
Profit
Employment
1.6m
Businesses
6,757
Market Share of Companies

Industry Threats & Opportunities

  • Rising consumer spending and increasing per capita income in developed economies and economic growth in emerging markets have driven industry growth
  • Many manufacturers in China export then reimport their products to take advantage of export rebates
  • The penetration of sophisticated smart appliances is expected to increase rapidly
  • Industry Report - Industry Investment Chapter

    The Global Household Cooking and Appliance Manufacturing industry experiences a moderate level of capital intensity. Industry operators typically invest $0.16 of capital for every dollar spent on labor. Overall, wages are expected to account for 13.4% of industry revenue in 2017. The cost of labor varies depending on many factors. For example, wages as a share of revenue tends to be smaller for contract manufacturers (relative to brand owners) and for manufacturers in low-wage countries (relative to manufacturers in developed economies). Wages make up a smaller portion of revenue for contract manufacturers because contract manufacturers are more likely to locate their production facilities in low wage-cost countries...purchase to read more.

    Additional Insights for the Global Household Cooking & Appliance Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Global Household Cooking & Appliance Manufacturing Industry are

  • Control of distribution arrangements
  • Market research and understanding
  • Automation reduces costs, particularly those associated with labor
  • IBISWorld analysts also discuss how external factors such as Global consumer spending and GDP of the BRIC nations in the Global Household Cooking & Appliance Manufacturing industry impact industry performance..

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    What's in this report

    What is the Global Household Cooking & Appliance Manufacturing Industry?

    Companies in this industry manufacture both major and small electric appliances for household use. Products manufactured by the industry include laundry equipment, refrigerators, freezers, dishwashers, irons, food mixers, humidifiers and shavers.

    Industry Products
  • Laundry Appliances
  • Refrigerators and Freezers
  • Cooking Appliances
  • Dishwashing machines
  • Industry Activities
  • Manufacturing household cooking appliances
  • Manufacturing household laundry equipment
  • Manufacturing household refrigerators
  • Manufacturing household freezers
  • Manufacturing household electric dishwashers
  • Manufacturing household electric garbage disposal units
  • Manufacturing household vacuum cleaners
  • Manufacturing portable electric heaters
  • Manufacturing household water heaters
  • Manufacturing small household electric appliances (e.g. irons, food mixers, humidifiers and shavers)
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Global consumer spending
  • GDP of the BRIC nations
  • Global population
  • World price of aluminum
  • World price of steel

  • Current Performance
    Regional changesProduction shiftCosts and profitability
  • Chart: Revenue Growth

  • Industry Outlook
    Demand trendsProfit and competition
  • Table: Global Household Cooking & Appliance Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Global Household Cooking & Appliance Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Global Department Stores and General Merchandise Stores

  • Key Selling Industries
  • Global Iron and Steel Mills
  • Global Resin and Synthetic Rubber Manufacturing

  • Products & Services
  • Refrigerators and Freezers
  • Dishwashing machines
  • Other
  • Laundry Appliances
  • Cooking Appliances
  • Chart: Global Household Cooking & Appliance Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Retailers
  • Wholesalers
  • Consumers
  • Chart: Major Market Segmentation for the Global Household Cooking & Appliance Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Global Household Cooking & Appliance Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Global Household Cooking & Appliance Manufacturing Industry

  • Industry Globalization
    Whirlpool Corporation,
  • Table: Whirlpool Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Global Household Cooking & Appliance Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Global Household Cooking & Appliance Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • GDP of the BRIC nations (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Major Household Appliance
  • Usually defined as a large machine that accomplishes some routine housekeeping task, including cooking, food preservation, cleaning or heating.
  • Small Household Appliance
  • Appliances, usually handheld, that accomplish some routine housekeeping or personal care task.
  • Space Heater
  • Heater consisting of a self-contained (usually portable) unit to warm a room.
  • What Our Customers Say

    Why buy this report?

    The global economy presents its own set of opportunities and threats for businesses in a range of industries. IBISWorld’s Global Household Cooking & Appliance Manufacturing global market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report focuses on industry performance in key regions around the world and identifies the leading companies globally.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Global Household Cooking & Appliance Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Global Household Cooking & Appliance Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Global Household Cooking & Appliance Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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