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AU ANZSIC C2440 | Industry Report

Household Appliance Manufacturing in Australia Industry Data and Analysis

MI
Misaki Iishi
Analyst Melbourne, Australia October 2024

Household appliance manufacturers have been facing challenging operating conditions, largely because of high import penetration. Overseas manufacturers, especially those in China, Thailand and Malaysia, have lower wage and overhead costs. These manufacturers can establish greater economies of scale and charge lower prices for household appliances, making their products more appealing to Australian consumers. Revenue surged in 2022-23 as household appliance manufacturers passed on increased costs for key inputs, including iron and steel. Since 2023-24, domestic iron and steel prices have started to recede, benefiting manufacturers through reduced purchase costs. Overall, revenue is expected to have climbed at an annualised 2.3% over the five years through 2024-25, to $2.87 billion. This trend includes an anticipated drop of 3.2% in 2024-25 as inflationary pressures deter consumers from buying new household appliances.

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What's included in this industry analysis

IBISWorld's research coverage on the Household Appliance Manufacturing industry in Australia includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released October 2024.

About this industry

What's this industry report about?

The Household Appliance Manufacturing industry in Australia operates under the ANZSIC industry code C2440. Household appliance manufacturers produce household whitegoods and domestic appliances. Whitegoods include household refrigerators, freezers, ovens, stoves, rangehoods, dishwashers, washing machines, clothes dryers, microwave ovens, barbecues and food waste disposal units. Other domestic appliances include household air conditioners, heaters, electric blankets, fans, electric toothbrushes, hot water systems, sewing machines, kettles, toasters and vacuum heaters. Related terms covered in the Household Appliance Manufacturing industry in Australia include whitegoods, small appliance and space heater.

What's included in this industry?

Products and services covered in Household Appliance Manufacturing industry in Australia include Kitchen whitegoods, Laundry whitegoods and Hot water systems.

What companies are included in this industry?

Companies covered in the Household Appliance Manufacturing industry in Australia include Rheem, Electrolux Home Products and Rinnai Australia Pty Limited.

Performance

What's included in the Performance chapter?

The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Household Appliance Manufacturing industry in Australia.

Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.

Products & Markets

What's included in the Products and Markets chapter?

The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Household Appliance Manufacturing industry in Australia.

Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.

Geographic Breakdown

What's included in the Geographic Breakdown chapter?

The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Household Appliance Manufacturing industry in Australia.

Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.

Competitive Forces

What's included in the Competitive Forces chapter?

The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Household Appliance Manufacturing industry in Australia. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.

Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.

Companies

What's included in the Companies chapter?

The Companies chapter covers Key Takeaways, Market Share and Companies in the Household Appliance Manufacturing industry in Australia. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.

Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.

External Environment

What's included in the External Environment chapter?

The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Household Appliance Manufacturing industry in Australia. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.

Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.

Financial Benchmarks

What's included in the Financial Benchmarks chapter?

The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Household Appliance Manufacturing industry in Australia. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.

Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.

Industry Data

What's included in the Industry Data chapter?

The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Household Appliance Manufacturing industry in Australia.

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Frequently Asked Questions

What is the market size of the Household Appliance Manufacturing industry in Australia in 2026?

The market size of the Household Appliance Manufacturing industry in Australia is $2.9bn in 2026.

How many businesses are there in the Household Appliance Manufacturing industry in Australia in 2024?

There are 412 businesses in the Household Appliance Manufacturing industry in Australia, which has grown at a CAGR of 1.9 % between 2019 and 2024.

How may import tariffs affect the Household Appliance Manufacturing industry in Australia?

The Household Appliance Manufacturing industry in Australia is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.

How may export tariffs affect the Household Appliance Manufacturing industry in Australia?

The Household Appliance Manufacturing industry in Australia is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.

Has the Household Appliance Manufacturing industry in Australia grown or declined over the past 5 years?

The market size of the Household Appliance Manufacturing industry in Australia has been growing at a CAGR of 2.3 % between 2019 and 2024.

What is the forecast growth of the Household Appliance Manufacturing industry in Australia over the next 5 years?

Over the next five years, the Household Appliance Manufacturing industry in Australia is expected to grow.

What are the biggest companies in the Household Appliance Manufacturing industry in Australia?

The biggest companies operating in the Household Appliance Manufacturing industry in Australia are Rheem, Electrolux Home Products and Rinnai Australia Pty Limited

What does the Household Appliance Manufacturing industry in Australia include?

Domestic refrigerator and freezer manufacturing and Washing machine and clothes dryer manufacturing are part of the Household Appliance Manufacturing industry in Australia.

Which companies have the highest market share in the Household Appliance Manufacturing industry in Australia?

The company holding the most market share in the Household Appliance Manufacturing industry in Australia is Rheem.

How competitive is the Household Appliance Manufacturing industry in Australia?

The level of competition is high and steady in the Household Appliance Manufacturing industry in Australia.

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