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Washer & Dryer Manufacturing - Industry Market Research Report

  • November 2016
  • -
  • Ibisworld
  • -
  • 37 pages

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Spin cycle: Demand for efficient machines will mitigate decline in domestic manufacturing



Abstract

Washer & Dryer Manufacturing

Over the five years to 2016, Washer and Dryer Manufacturing industry revenue is expected to decrease. During this period, improvements in the housing market and overall economy helped facilitate domestic demand growth for industry products. With more people living in new houses and steady increases in spending on home improvements, demand for household washers and dryers marginally rose over the past five years. However, demand growth was largely satiated by increased imports. Over the next five years, the continued improvements in the US housing market will lead to greater demand, but the rate of new housing growth is expected to slow. Product advancement should increase the average price of a unit, but increased prices may increase the longevity of washers and dryers, which will lead to limited new purchases. Furthermore, the two major industry companies are projected to remain in the United States over the next five years; however, industry revenue is highly vulnerable to offshoring or reshoring of other companies.

Companies in this industry manufacture household-type clothes washers and dryers.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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