Clean sweep: Imports will continue to capture the majority of domestic demand, hindering revenue growth

The Vacuum, Fan and Small Household Appliance Manufacturing industry has declined over the five years to 2018. Many industry operators have offshored their manufacturing facilities to contend with stiff competition from low-cost manufacturers overseas. Since emerging economies typically have lower wages and less regulation, foreign operators can pass along savings to customers in the form of lower prices. The influx of low-cost imports has continued to devastate domestic manufacturers. Challenges are not expected to let up for the industry over the five years to 2023, as imports will continue to capture the majority of domestic demand in the long run due to lower prices...purchase to read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 13-18
-0.6%
Forecast Growth 18-23
Profit
Employment
9,011
Businesses
151

Industry Threats & Opportunities

  • Imports will continue to capture the majority of domestic demand in the long run due to lower prices
  • A stronger US dollar increases domestic purchasing power and thus increases demand for imports
  • Despite the industry’s continued struggles, manufacturers will find some relief in rising disposable income
  • Industry Report - Industry Products Chapter

    This industry is responsible for producing a wide range of small household appliances including fans, vacuum cleaners and other electric personal care products. Following the US Census Bureau's product classification, IBISWorld categorizes industry goods into four groups: small electric household appliances, floor care equipment, electric fans and other.Small electric household appliancesSmall electric household appliances are expected to account for the majority of industry revenue in 2018, with an estimated share of 51.0%. This segment includes a wide range of electric household and personal use products, such as blenders, coffeemakers, electric shavers and electric toothbrushes. Whi...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
  • Imports slightly decline
  • 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
  • Exports
  • Wholesalers
  • 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
    Koninklijke Philips NV, Techtronic Industries Co. Ltd., Newell Brands Inc.,
  • Table: Koninklijke Philips NV - 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 (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)
  • Import penetration into the manufacturing sector (2009-2023)

  • 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?

    IBISWorld’s industry research report on Vacuum, Fan & Small Household Appliance Manufacturing contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

    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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