Household Laundry Equipment Market Overview in the USA
In value terms, household laundry equipment production reduced modestly to $ in 2019. The total output value increased at an average annual rate of +% from 2013 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by % year-to-year. Household laundry equipment production peaked at $ in 2018, and then reduced in the following year.
The value of the household laundry equipment market in the U.S. soared to $ in 2019, rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.