Home grown: : An improving 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 an improving housing market and disposable income growth have facilitated the industry's revenue growth over the five years to 2018. 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...purchase to read more.

Industry Statistics & Market Size
Revenue
$19bn
Annual Growth 13-18
2.9%
Forecast Growth 18-23
Profit
Employment
40,353
Businesses
163

Industry Threats & Opportunities

  • Many companies have strong brand recognition and compete aggressively in the US market
  • Even with competitive conditions, the industry’s domestic operational footprint grew
  • The industry is expected to generate new sales through new “smart” appliances
  • 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 27.0% of industry revenue in 2018. This segment includes products such as electric ranges, ovens, surface cooking units, equipment and parts, gas ranges and cooking equipment Over the past five years, cooking appliance sales have remained steady as a share of industry revenue.Refrigerators and home freezersHousehold refrigerators and home freezers account for an estimated 24.7% of industry revenue in 2018. Hom...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 Aggregate household debt and Housing starts 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
  • Aggregate household debt
  • Housing starts
  • Price of household appliances
  • Trade-weighted index

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

  • Industry Outlook
  • Smart appliances
  • Rising import penetration
  • Industry 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
  • Household cooking appliances
  • Other 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
  • Building contractors, heavy construction and special trade contracto
  • Other
  • Businesses for end use
  • Wholesalers
  • Exports
  • Retailers
  • 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
    ProfitPurchasesWagesRent and utilitiesDepreciationMarketing and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Major Household Appliance Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Major Household Appliance Manufacturing Industry

  • Industry Globalization
    GE Appliances, Whirlpool Corp., AB Electrolux,
  • Table: GE Appliances - financial performance
  • Table: Whirlpool Corp. - financial performance
  • Table: AB Electrolux - 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 (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Housing Starts (2009-2023)

  • 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?

    IBISWorld’s Major Household Appliance Manufacturing Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    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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