$4.3bn
$XXX.Xm
8,329
157
$XXX.Xm
Vacuums, fans and other small household appliances remain essential components of households across the country. The performance of small appliance manufacturers is linked to the performance of the housing market, as consumers enjoy replacing and upgrading appliances when they move into their new homes. Overall housing starts have been on the rise over the last five years, but the price of housing is climbing as well, pricing more consumers out of buying a home. Repeated interest rate hikes levied to combat rising inflation have made it more difficult for consumers to finance large purchases, pushing housing further out of reach. Altogether, revenue has been falling at a CAGR of 0.6% to $4.3 billion over the past five years, including an estimated increase of 0.6% in 2024 alone.
Industry revenue has declined at a CAGR of 0.6 % over the past five years, to reach an estimated $4.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Newell Brands Inc. | 1,056.9 | -175.8 | -16.6 | |
Techtronic Industries Co Ltd | 798.0 | 16.0 | 2.0 | |
Koninklijke Philips Nv | 548.4 | 90.9 | 16.6 |
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Industry revenue is measured across several distinct product and services lines, including Small electric household appliances , Floor care equipment and Electric fans . Small electric household appliances is the largest segment of the Vacuum, Fan & Small Household Appliance Manufacturing in the US.
Small electric household appliances account for the bulk of revenue
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) as well as air conditioners.
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NAICS 33521 - Vacuum, Fan & Small Household Appliance Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Imports, mainly from China, still satisfy most of the US demand for small appliances. The strong dollar makes imports cheaper, while domestic manufacturers struggle with high...
Learn about an industry's products and services, markets and trends in international trade.
The smallest appliances account for the majority of demand. Coffeemakers, shavers and other small appliances are replaced more frequently than their costlier counterparts.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The West houses the bulk of manufacturing facilities. Easy access to the Pacific Ocean and a large population make it the ideal spot to set up shop.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Providing new and innovative features helps manufacturers differentiate themselves. Using these to generate brand recognition is key for long-term success across product line...
Learn about the performance of the top companies in the industry.
Leading manufacturers focus on sustainability to ensure future viability. Increased environmental restrictions and the rising cost of materials necessitate change.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Import penetration dictates the flow of this industry. As import penetration into the manufacturing sector rises in the future, appliance manufacturers will feel the rising p...
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Profit is squeezed by international competition. Domestic manufacturers have to maintain low prices because of prevalent low-cost imports, keeping a lid on profit.
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Vacuum, Fan & Small Household Appliance Manufacturing in the US industry in United States is $4.3bn in 2024.
There are 157 businesses in the Vacuum, Fan & Small Household Appliance Manufacturing in the US industry in United States, which has grown at a CAGR of 2.2 % between 2019 and 2024.
The market size of the Vacuum, Fan & Small Household Appliance Manufacturing in the US industry in United States has been declining at a CAGR of 0.6 % between 2019 and 2024.
Over the next five years, the Vacuum, Fan & Small Household Appliance Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Vacuum, Fan & Small Household Appliance Manufacturing market in United States are Newell Brands Inc., Techtronic Industries Co Ltd and Koninklijke Philips Nv
Small electric household appliances and Floor care equipment are part of the Vacuum, Fan & Small Household Appliance Manufacturing in the US industry.
The company holding the most market share in United States is Newell Brands Inc..
The level of competition is moderate and steady in the Vacuum, Fan & Small Household Appliance Manufacturing in the US industry in United States.