Household Appliance Manufacturers
Industry Profile Report
Dive Deep into the industry with a 25+ page industry report (pdf format) including the following chapters
Industry Overview Current Conditions, Industry Structure, How Firms Operate, Industry Trends, Credit Underwriting & Risks, and Industry Forecast.
Call Preparation Call Prep Questions, Industry Terms, and Weblinks.
Financial Insights Working Capital, Capital Financing, Business Valuation, and Financial Benchmarks.
Industry Profile Excerpts
Industry Overview
The 291 household appliance manufacturers in the US produce both major appliances and small electrical appliances for home use by consumers. In the major appliance category, primary products include cooking equipment (stoves, ovens, ranges), laundry equipment, refrigerators, freezers, dishwashers, and water heaters. Small electrical appliances encompass a wide range of products, including can openers, food preparation equipment, fans, hair dryers, and vacuum cleaners.
Dependence on Construction Activity
New residential construction and people moving from one house to another drive demand for household appliances.
Demand for Connected Appliances
Manufacturers are responding to rising consumer interest in appliances that feature internet connectivity, or smart appliances.
Industry size & Structure
The average US household appliance manufacturer operates out of a single location, employs about 225 workers, and generates revenue of about $96 million annually.
- The US household appliance manufacturing industry consists of about 290 companies that employ about 65,300 workers and generate about $28 billion annually.
- The industry is highly concentrated; the top 20 companies account for about 93% of industry revenue.
- Major companies include Bosch, Electrolux, Haier, LG, Samsung, and Whirlpool. Of these, only Whirlpool is headquartered in the US, but all have US manufacturing facilities. Whirlpool, in turn, has substantial operations outside the US. Supply chains for household appliances typically span multiple countries.
- The major household appliance manufacturing segment accounts for 84% of industry revenue and 82% of industry employment.
Industry Forecast
Household Appliance Manufacturers Industry Growth
Recent Developments
Jan 24, 2025 - Remodeling Spending to Improve in 2025
- Home remodeling spending is expected to see slight gains in 2025 after two years of weakening expenditures, according to the Leading Indicator of Remodeling Activity (LIRA) report released in January by the Joint Center for Housing Studies at Harvard. Homeowner improvements and repairs are expected to increase by 0.4% to $513 billion in the first quarter of 2025 compared to Q1 2024. In the second quarter of 2025, remodeling spending will rise quarter-over-quarter to $505 billion, up 0.7% from Q2 2024. Spending will then increase to $506 billion in Q3 2025, up 1.2% from Q3 2024. In the fourth quarter of 2025, year-over-year spending is forecast to rise 1.2% to $509 billion. Joint Center expects improvements to be supported by rising home values, a steady labor market, and gradually improving existing home sales. Better retail sales of building materials and solid remodeling permitting activity should also support home improvement spending.
- Home builder confidence in the single-family market moved higher in January 2025 amid hopes of improved economic growth and regulatory reforms, according to the National Association of Home Builders (NAHB). Home builder sentiment, as measured by the NAHB/Wells Fargo Housing Market Index (HMI), ticked up one point to 47 in January from 46 the previous month. Any HMI reading over 50 indicates that more builders see conditions as good than poor. While builders are still concerned about high interest rates and elevated land and financing costs, they are also hopeful that policymakers are aware of the industry’s headwinds and will move to reduce regulations.
- The number of building permits issued for single-family, privately-owned housing units, a demand driver for wood windows and doors, increased 1.6% month-over-month but fell 2.5% year-over-year in December 2024. Single-family housing starts grew by 3.3% month-over-month but decreased by 2.6% year-over-year in December. Single-family housing completions dropped 7.4% month-over-month and fell 7.4% year-over-year in December. While December’s housing starts and permits hit a 10-month high, elevated mortgage rates and an emerging oversupply of new homes could slow the home building market’s recovery, according to Reuters. In December, the number of unsold new homes on the market reached the highest level since 2007.
- Shortly after taking office, President Trump warned he would impose a 25% tariff on imports from Canada and Mexico beginning on February 1st, 2025. Trump also threatened increased duties on imports from the European Union and China. China accounts for nearly 47% of all US appliance imports, and more than 20% of US appliance imports come from Mexico. Tariffs on imports would likely increase appliance prices, potentially reducing demand.
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