$2.1bn
$XXX.Xm
4,208
456
$XXX.Xm
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, which makes these products more appealing for Australian consumers. Revenue is expected to fall at an annualised 1.3% to $2.15 billion over the five years through 2023-24. This trend includes a drop of 3.0% in the current year, as inflationary pressures discourage consumers from buying new household appliances.
Industry revenue has declined at a CAGR of 1.3 % over the past five years, to reach an estimated $2.1bn in 2023.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Rheem | 222.3 | |
Electrolux Home Products | 145.1 | |
Rinnai Australia Pty Limited | 96.5 |
To view the market share and analysis for all 8 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Kitchen whitegoods, Laundry whitegoods and Hot water systems. Kitchen whitegoods is the largest segment of the Household Appliance Manufacturing in Australia.
Demand for heating and air conditioning units is growing
Industry firms manufacture household whitegoods and domestic appliances. Whitegoods include household refrigerators, freezers, ovens, stoves, range hoods, 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.
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ANZSIC 2441 - Household Appliance Manufacturing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Import penetration has been mounting for household appliances. Overseas manufacturers can sell appliances for cheaper prices compared with Australian manufacturers because of...
Learn about an industry's products and services, markets and trends in international trade.
Australian manufacturers have been introducing more environmentally friendly heating and air conditioning units. This trend has elevated revenue for these products, despite i...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Household appliance manufacturers tend to benefit from being close to target markets. Since New South Wales and Victoria have strong economic activity, many manufacturers set...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Australian household appliance manufacturers find it difficult to compete with imports on price. Instead, many companies focus on establishing a strong reputation for high qu...
Learn about the performance of the top companies in the industry.
Rheem Australia Pty Limited manufactures and retails gas appliances. The company provides hot water systems for households and businesses alike.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Water and energy efficiency requirements apply to many household appliances. Approved energy rating labels and minimum energy performance standards must be used and adhered t...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Manufacturers have been focusing on producing niche products. Specialised appliances and components can command higher prices, which have helped to expand industry profit mar...
Including values and annual change:
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Household Appliance Manufacturing industry in Australia is $2.1bn in 2024.
There are 456 businesses in the Household Appliance Manufacturing industry in Australia, which has grown at a CAGR of 5.6 % between 2018 and 2023.
The market size of the Household Appliance Manufacturing industry in Australia has been declining at a CAGR of 1.3 % between 2018 and 2023.
Over the next five years, the Household Appliance Manufacturing industry in Australia is expected to decline.
The biggest companies operating in the Household Appliance Manufacturing market in Australia are Rheem, Electrolux Home Products and Rinnai Australia Pty Limited
Domestic refrigerator and freezer manufacturing and Washing machine and clothes dryer manufacturing are part of the Household Appliance Manufacturing industry.
The company holding the most market share in Australia is Rheem.
The level of competition is high and steady in the Household Appliance Manufacturing industry in Australia.