Industry Analysis & Industry Trends
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. Falling consumer sentiment due to the financial crisis caused key downstream retail industries to suffer falling demand and lower construction rates, resulting in lower levels of hot water system installation. Revenue is forecast to fall by 4.2% in 2012-13, to $2.02... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Household Appliance Manufacturing industry is in the declining stage of its economic life cycle, characterised by the industry growing at a slower rate than the overall economy, a decline in industry players, technological change based on improving an existing, clearly segmented and stable product group and wholehearted acceptance of these products. Over the past five years, the industry has experienced negative growth as import competition intensifies and businesses move their production offshore in order to capture greater profits through low wage costs.
Industry value added (IVA), used to measure an industry's contribution to the overall economy, is projected to decline by an annualised 4.0% over the 10 year period through 2017-18... purchase to read more