Washer & Dryer Manufacturing
The Washer and Dryer Manufacturing industry operates with a high trade deficit, with imports exceeding imports by a margin of about four to one. However, reshoring during the five-year period to 2018, as well as steep tariffs imposed in 2018 on foreign-made washing machines, has reversed the industry's downward trend in recent years. The performance of the industry is expected to be mixed over the next five years to 2023. Overall, IBISWorld projects that industry revenue will grow. However, much of this growth will occur in 2019, when the industry is forecast to rise as domestic manufacturers fill the hole left by an expected drop in imports resulting from new tariffs on washing machines.
Companies in this industry manufacture household-type clothes washers and dryers.
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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