Losing steam: Imports will continue to capture the majority of domestic demand

The Vacuum, Fan and Small Household Appliance Manufacturing industry has declined substantially over the past five years. Many industry operators have offshored their manufacturing facilities in order to contend with stiff competition from low-cost manufacturers overseas. Over the coming years, challenges are not expected to let up for the industry, as imports will continue to capture the majority of domestic demand due to lower prices...purchase to read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 12-17
-0.6%
Forecast Growth 17-22
Profit
Employment
9,818
Businesses
149

Industry Threats & Opportunities

  • The influx of low-cost imports has continued to devastate domestic manufacturers
  • A significant chunk of domestic demand is satisfied by China
  • Industry operators will find some relief in rising disposable income
  • Industry Report - Industry Key Buyers Chapter

    The Vacuum, Fan, and Small Household Appliance industry is characterized by a medium level of market share concentration, with the top four players accounting for 42.0% of industry revenue in 2017. Due to the large amount of offshoring and use of third party manufacturing partners in the industry, top domestic players tend to be large international corporations with extensive manufacturing operations across the globe. In fact, three out of the four largest industry operators are internationally based. Additionally, because this industry includes a wide variety of products, industry leading companies usually offer a wide variety of products or brands, rather than specializing in a specific type of appliance. For example, in 2017, Philips is expected to generate 20.9% of industry revenue. The...purchase to read more.

    Additional Insights for the Vacuum, Fan & Small Household Appliance Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Vacuum, Fan & Small Household Appliance Manufacturing Industry are

  • Control of distribution arrangements
  • Automation reduces costs, particularly those associated with labor
  • Market research and understanding
  • IBISWorld analysts also discuss how external factors such as Import penetration into the manufacturing sector and Per capita disposable income in the Vacuum, Fan & Small Household Appliance Manufacturing industry impact industry performance..

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    What's in this report

    What is the Vacuum, Fan & Small Household Appliance Manufacturing Industry?

    Operators in this industry primarily manufacture small electric appliances and housewares. Industry products include blenders, coffee makers, blow-dryers, portable heaters and electric floor-care equipment such as vacuum cleaners, floor waxers and polishers. The industry excludes manufacturers of major household appliances (e.g. refrigerators, convection ovens, dishwashers and microwaves) and air conditioners.

    Industry Products
  • Small electric household appliances
  • Floor care equipment
  • Electric fans
  • Industry Activities
  • Manufacturing small electric housewares
  • Manufacturing electric fans
  • Manufacturing vacuum cleaners
  • Manufacturing portable air humidifiers
  • Manufacturing electric space heaters
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Import penetration into the manufacturing sector
  • Per capita disposable income
  • Price of plastic materials and resin
  • Trade-weighted index

  • Current Performance
  • Industry dynamics
  • Imports sweep up domestic demand
  • Profit and participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Bright spots
  • Rising imports capture demand
  • Profit
  • Table: Vacuum, Fan & Small Household Appliance Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Vacuum, Fan & Small Household Appliance Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumer Electronics Stores
  • Supermarkets & Grocery Stores
  • Pharmacies & Drug Stores
  • Department Stores
  • Consumers

  • Key Selling Industries
  • Electrical Equipment Manufacturing
  • Laminated Plastics Manufacturing
  • Metal Pipe & Tube Manufacturing
  • Metal Stamping & Forging

  • Products & Services
  • Small electric household appliances
  • Floor care equipment
  • Electric fans
  • Other
  • Chart: Vacuum, Fan & Small Household Appliance Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Wholesalers
  • Exports
  • Businesses
  • Retailers
  • Direct sales
  • Chart: Major Market Segmentation for the Vacuum, Fan & Small Household Appliance Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationUtilities, marketing and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Vacuum, Fan & Small Household Appliance Manufacturing

  • Basis of Competition
    InternalExternal
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Vacuum, Fan & Small Household Appliance Manufacturing Industry

  • Industry Globalization
    Philips, Techtronic Industries Co. Ltd., Newell Brands Inc.,
  • Table: Philips - financial performance
  • Table: Techtronic Industries Co. Ltd. - financial performance
  • Table: Newell Brands Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Vacuum, Fan & Small 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 Vacuum, Fan & Small 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)
  • Import penetration into the manufacturing sector (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Offshore
  • The relocation of a company's business process, such as manufacturing or accounting, from one country to another, whether the work is outsourced or stays within the company.
  • Outsource
  • To procure goods or services under contract with an outside supplier.
  • Wholesale Bypass
  • A popular trend within retail and manufacturing industries where producers supply goods directly to stores, eliminating the middleman.
  • What Our Customers Say

    Why buy this report?

    The Vacuum, Fan & Small Household Appliance Manufacturing industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    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 Vacuum, Fan & Small 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 Vacuum, Fan & Small 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 Vacuum, Fan & Small 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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