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.Smart house: Tech-savvy consumers will boost demand for major smart appliances.
Major smart appliance manufacturers build smart household cooking appliances, refrigerators and laundry equipment. Revenue for the industry has surged during the current period because major smart appliances have become less expensive and more accessible to consumers, enabling manufacturers to sell to most households for the first time. Rising incomes during much of the current period also benefited the industry, as more money enabled consumers to purchase luxuries, such as major smart appliances. High input prices provided new revenue streams for manufacturers during the recovery from COVID-19, as companies passed on high costs to consumers. Interest rates have soared in recent years, as the Federal Reserve has been combatting inflation. This has raised the cost of borrowing, reducing downstream demand from the housing market and negatively impacting revenue. Overall, revenue for major smart appliance manufacturers is expected to surge at a CAGR of 18.0% to $4.9 billion over the five years to 2023, including a 0.2% increase in 2023 alone, when profit is set to total 6.8% of revenue.
Companies in this industry manufacture major smart household cooking appliances, refrigerators, freezers, laundry equipment and other major electrical and nonelectrical smart household appliances.
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
- Industry Data
- Annual Change
- Key Ratios
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Haier Group Corporation
- Whirlpool Corp
- A. O. Smith Corporation
Methodology
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