Vacuum, Fan & Small Household Appliance Manufacturing in the US
The Vacuum, Fan and Small Household Appliance Manufacturing industry has declined over the five years to 2018. 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. The influx of low-cost imports has continued to devastate domestic manufacturers. Challenges are not expected to let up for the industry over the five years to 2023, as imports will continue to capture the majority of domestic demand in the long run due to lower prices. Moreover, the price volatility of key inputs such as plastic materials and resin will create increasing uncertainty for industry operators attempting to achieve higher profit margins. To this end, IBISWorld expects industry revenue to increase over the five years to 2023.
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) and 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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