Vacuum, Fan & Small Household Appliance Manufacturing in the US - Industry Market Research Report

Vacuum, Fan & Small Household Appliance Manufacturing in the US - Industry Market Research Report

  • September 2021 •
  • 43 pages •
  • Report ID: 198792 •
  • Format: PDF
Fresh air: Operators are offshoring and investing in value-added products to stay competitive

Abstract

Vacuum, Fan & Small Household Appliance Manufacturing in the US
The Vacuum, Fan and Small Household Appliance Manufacturing industry is expected to slightly expand over the five years to 2019. 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. Consequently, many price-sensitive consumers have substituted domestic industry products for more affordable products manufactured abroad. Over the coming years, imports will likely continue to capture the majority of domestic demand. However, the US dollar is expected to stagnate relative to other currencies, which is projected to hinder domestic purchasing power and reduce demand for imports. Meanwhile, the price volatility of key inputs such as plastic materials and resin is expected to create increasing uncertainty for industry operators seeking to achieve higher profit margins. Overall, IBISWorld expects industry revenue to stagnate over the five years to 2024.

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.

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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