Major appliance manufacturing revenue in the U.S. 2010-2022
Revenues related to appliance manufacturing in the U.S. are expected to increase from 18.9 billion U.S. dollars in 2017 to 20.5 billion U.S. dollars by 2023. Cooking appliances, home laundry appliances and dishwashers are the three largest categories in this segment.
Global industry witnessing much consolidation
The global major home appliance industry continues to witness much consolidation within the top 10 companies which were responsible for over 65% of total unit shipments in 2017. This is primarily because major players are looking to not only expand their geographical footprint but enter into new segments and inorganic growth is a proven strategy to achieve that. A recent example is Chinese company Hisense Group’s acquisition of Slovenian appliance manufacturer Gorenje; a deal that also had Haier Group, Midea Group and Hefei Meiling in the running.