First Research US Industry Profile

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Household Appliance Stores
SIC Codes: 5722
NAICS Codes: 443141
Last Quarterly Update: 5/23/2022
Companies in this industry sell household appliances, both major and small, from physical retail locations. No major companies dominate the industry.
Global demand for household appliances depends on consumer spending in major markets such as the US and Western Europe. Sales for major home appliances worldwide is predicted to rise to 571 billion units by 2023, reflecting 3% annual growth, according to The Freedonia Group. China is expected to remain the leading producer and purchaser of major home appliances, while India and Indonesia are forecast post the fastest increases in demand.
The US household appliance store industry includes about 7,500 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $17 billion.
Competitive Landscape
Demand is driven by home sales, home remodeling, replacement due to product failure, and technological innovation. The profitability of individual companies depends on effective marketing and merchandising. Large companies can negotiate volume discounts from manufacturers. Small companies can compete effectively by offering superior customer service or specializing in product segments. The US industry is fragmented: the 50 largest companies account for less than 50% of industry sales.
Major competitors of freestanding household appliance stores include home improvement stores (Lowe's, Home Depot); consumer electronics stores (Best Buy); warehouse clubs (Costco, Sam's); and mass merchandisers (Walmart, Target), as well as online giant Amazon.com sells household appliances.
Fierce retail competition and an abundance of low-priced imports, mainly from China and Mexico, have driven down prices of household appliances in the US. Indeed, US consumer prices for appliances were 21% lower in 2018 than in 2000. However, steep import tariffs imposed by the US in 2018 on hundreds of goods from China, including household appliances like washing machines and parts used by US manufacturers of household appliances, have led to a decline in imports and upward pressure on prices for US consumers.
Products, Operations & Technology
Major product segments include kitchen appliances (nearly 55% of revenue), laundry appliances (over 15%), and television, audio, and video (about 5%). ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

01/24/2022
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08/30/2021
05/31/2021
03/01/2021
10/26/2020
07/13/2020
03/16/2020
05/20/2019
02/18/2019
11/12/2018
08/13/2018
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02/12/2018
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11/07/2016
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11/02/2015
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01/26/2015
10/27/2014
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05/19/2014
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11/11/2013
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05/27/2013
03/04/2013
11/26/2012
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06/18/2012
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02/28/2011
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05/10/2010
01/11/2010