The US Household Laundry Equipment Manufacturing Industry gross output has exhibited fluctuating trends over the past decade. Starting from $3.76 billion in 2013, the industry saw a significant rise to $3.99 billion in 2014. It experienced modest declines and minor recoveries until 2021, where it peaked at $4.03 billion. The value in 2023 stood at $3.97 billion. Over the last two years, the year-on-year variation was positive at 7.67% in 2021 but slightly declined by 1.71% in 2022, followed by a marginal increase of 0.23% in 2023. The average annual growth rate (CAGR) over the past five years has been modest at 0.26%.
Forecasts indicate continued steady growth through 2028, with an anticipated value reaching $4.03 billion, reflecting a forecasted 5-year CAGR of 0.2% and a growth rate of approximately 0.99%. Future trends to watch for include technological advancements in laundry equipment, shifts in consumer preferences towards energy-efficient machines, and the industry's adaptation to sustainability practices.
