The Household Appliance Manufacturing industry has struggled to compete in a market increasingly dominated by imported goods. Low-cost producers across Asia and poor demand for goods in general precipitated by the global financial crisis have affected industry performance significantly. Revenue is expected to decline by an annualised 7.6% over the five years through 2012-13 as local manufacturers move operations offshore to save costs in wages and therefore achieve greater profit margins.
Companies in this industry manufacture refrigerators (including commercial refrigeration equipment); industrial, commercial or household water-heating systems; bath heaters; sink heaters; urns; household appliances; or room air conditioners.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.