Major Smart Appliance Manufacturing in the US - Industry Market Research Report

Major Smart Appliance Manufacturing in the US - Industry Market Research Report

Major Smart Appliance Manufacturing in the US

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.

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.