Home grown: A recovering housing market has led to industry revenue growth

Major Household Appliance Manufacturing is highly globalized, with several large domestic and foreign companies. Many have strong brand recognition and compete aggressively in the US market to produce and sell a wide range of durable consumer goods such as refrigerators, laundry equipment and dishwashers. Improvements in underlying demand from a recovering housing market and disposable income growth have facilitated the industry's recovery. However, the recent appreciation of the US dollar has led to a decline in export sales and rising import penetration, accelerating the rate at which companies have moved manufacturing facilities abroad and limiting growth. Over the next five years, IBISWorld anticipates that the continued growth of the US housing market will lead to greater demand...purchase to read more.

Industry Statistics & Market Size
Revenue
$19bn
Annual Growth 12-17
2.1%
Forecast Growth 17-22
Profit
Employment
38,176
Businesses
146

Industry Threats & Opportunities

  • Improvements in the housing market have facilitated the industry’s recovery
  • Falling input costs are expected to bolster profit margins
  • Companies are likely to shift production abroad and downsize their domestic operations
  • Industry Report - Industry Products Chapter

    Manufacturers in the Major Household Appliance Manufacturing industry produce and sell a defined set of finished household appliances to downstream wholesale and retail industries that then sell them to end-consumer households.Cooking appliancesThe largest industry product segment is household cooking appliances, which will account for 27.6% of industry revenue in 2017. Electric ranges, ovens, surface cooking units, equipment and parts account for an estimated 55.0% of this segment; gas ranges and cooking equipment account for 35.0%; and other household ranges and cooking equipment account for the remaining 10.0%. Over the past five years, cooking appliance sales have grown substantially as a share of industry revenue...purchase to read more.

    Additional Insights for the Major Household Appliance Manufacturing Industry

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

  • Establishment of brand names
  • Market research and understanding
  • Development of new products
  • IBISWorld analysts also discuss how external factors such as Housing starts and Price of household appliances in the Major Household Appliance Manufacturing industry impact industry performance..

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    What's in this report

    What is the Major Household Appliance Manufacturing Industry?

    This industry includes companies that manufacture major household cooking appliances, refrigerators and home freezers, household laundry equipment and other major electrical and nonelectrical household appliances such as dishwashers, garbage disposal units, water heaters and trash compactors. Small cooking appliances (e.g. hot plates), fans, vacuums and electric irons are not included in this industry.

    Industry Products
  • Household cooking appliances
  • Household refrigerators and home freezers
  • Household laundry equipment
  • Other Appliances
  • Industry Activities
  • Household cooking appliances
  • Household refrigerator and home freezer
  • Household laundry equipment
  • Dishwasher
  • Garbage disposal unit
  • Electric and nonelectric water heater
  • Trash compactor
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Housing starts
  • Price of household appliances
  • Trade-weighted index
  • Per capita disposable income

  • Current Performance
  • Housing market recovery
  • Rising import penetration
  • Input costs and industry landscape
  • Changing legislation
  • Chart: Revenue Growth

  • Industry Outlook
  • Housing market growth
  • Rising import penetration
  • Changing legislation
  • Operational outlook
  • Table: Major Household Appliance Manufacturing Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Home Builders
  • Apartment & Condominium Construction
  • TV & Appliance Wholesaling
  • Consumer Electronics Stores
  • Commercial Building Construction

  • Key Selling Industries
  • Electrical Equipment Manufacturing
  • Hose & Belt Manufacturing
  • Laminated Plastics Manufacturing
  • Metal Pipe & Tube Manufacturing
  • Plastic Pipe & Parts Manufacturing
  • Polystyrene Foam Manufacturing
  • Steel Rolling & Drawing

  • Products & Services
  • Other Appliances
  • Household cooking appliances
  • Household refrigerators and home freezers
  • Household laundry equipment
  • Chart: Major Household Appliance Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • The effects of wealth
  • Price
  • Household trends
  • Value of the dollar

  • Major Markets
  • Wholesalers
  • Retailers
  • Exports
  • Direct sales
  • Chart: Major Market Segmentation for the Major Household Appliance Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent and utilities
  • Depreciation
  • Marketing and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Major Household Appliance Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Major Household Appliance Manufacturing Industry

  • Industry Globalization
    GE Appliances, Whirlpool Corp., LG Electronics, AB Electrolux, AO Smith,
  • Table: GE Appliances - financial performance
  • Table: Whirlpool Corp. - financial performance
  • Table: LG Electronics - financial performance
  • Table: AB Electrolux - financial performance
  • Table: AO Smith - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Major Household 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 Major Household 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)
  • Housing Starts (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Appliance Labeling Rule
  • A rule concerning disclosures of energy consumption and water use of certain home appliances.
  • Energy Star
  • An international standard for energy-efficient products. The label identifies major electrical appliances that meet or exceed US Environmental Protection Agency guidelines for energy efficiency.
  • Linear Motor
  • A motor that uses linear movement (as opposed to rotational) to increase performance and reduce energy costs.
  • Smart Appliance
  • An appliance that operates when electricity is the least expensive and most abundant, which is determined by communicating with the electric meter.
  • What Our Customers Say

    Why buy this report?

    The Major Household Appliance Manufacturing Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    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 Major Household 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 Major Household 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 Major Household 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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