Buoyed by rising demand for industry products among developing economies, household cooking and appliance manufacturers have grown over the five years to 2023. Alongside the effects of COVID-19, companies have endured rising competition as brand owners are expected to continue outsourcing manufacturing operations to improve efficiency and achieve a lower cost of production. A strong recovery following COVID-related disruptions helped cushion industry growth, helping raise manufacturers' sales and profit. Overall, revenue is forecast to rise at a CAGR of 0.4% to $583.6 billion over the five years to 2023, including an increase of 1.5% in 2023 alone.
Operators in the Global Household Cooking and Appliance Manufacturing industry manufacture both major and small electric appliances for household use. Products manufactured by the industry include laundry equipment, refrigerators, freezers, dishwashers, irons, food mixers, humidifiers and shavers.
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's key players and their market shares.
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