Major Household Appliance Manufacturing in Canada - Industry Market Research Report

Major Household Appliance Manufacturing in Canada - Industry Market Research Report

Major Household Appliance Manufacturing in Canada

Revenue for major household appliance manufacturers in Canada has been growing at a CAGR of 14.4% over the past five years and is expected to total $1.1 billion in 2023. In the same year, revenue is expected to fall 0.1%. The rise in 2023 can be mainly attributed to the boom in the housing market when people began to utilize low-interest rates during the pandemic and buy new homes. As a result of increased construction demand, major household appliances were required to furnish the homes properly. However, the decline in 2023 can be partly attributed to economic uncertainty regarding rising interest rates and inflation.

This industry includes operators that manufacture major household cooking appliances, refrigerators, freezers, household laundry equipment and other major electrical and nonelectrical household appliances such as dishwashers, garbage disposal units, water heaters and trash compactors. Small cooking appliances, such as hot plates, fans, central and room air conditioners, vacuums and electric irons are not included in this industry.

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."