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2024 U.S. Industry Statistics & Market Forecast - Small Electrical Appliance Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Small Electrical Appliance Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|
| Market Forecast ($ millions) | ||||||
| Projected Industry Growth Rate (%) | ||||||
Industry Insights
The Electric Housewares & Household Fan Manufacturing industry has been experiencing a few key trends in recent years. The increased adoption of smart home technology and the Internet of Things (IoT) has led to the development of smart appliances that can be controlled remotely through a smartphone or other connected device. This trend has resulted in a growing demand for household appliances with Wi-Fi connectivity and voice assistants.Another major trend is the focus on sustainability and energy efficiency. Consumers are increasingly interested in reducing their environmental impact and lowering their energy bills, leading manufacturers to produce more eco-friendly products. Energy Star ratings and other green certifications are becoming more important to consumers and are being used as a marketing tool by manufacturers.
Additionally, personalization and customization are becoming more popular, with consumers seeking appliances that reflect their individual style and needs. Manufacturers are responding by offering more customizable features, such as color options and accessories.
Finally, the COVID-19 pandemic has had a significant impact on the industry, with changes in consumer behavior leading to increased demand for household appliances. With more people staying at home, sales for household fans, air purifiers, and other related items have surged. Manufacturers are also implementing safety measures within factories and supply chains to protect their workers while adhering to social distancing guidelines.
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) | |
|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Small Electrical Appliance Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Small Electrical Appliance Manufacturing industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Small Electrical Appliance Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 9% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 1% | |||
| Business and Financial Operations Occupations | 7% | |||
| Business Operations Specialists | 6% | |||
| Architecture and Engineering Occupations | 7% | |||
| Office and Administrative Support Occupations | 9% | |||
| Production Occupations | 47% | |||
| Assemblers and Fabricators | 27% | |||
| Miscellaneous Assemblers and Fabricators | 22% | |||
| Metal Workers and Plastic Workers | 10% | |||
| Other Production Occupations | 7% | |||
| Transportation and Material Moving Occupations | 10% | |||
| Material Moving Workers | 9% | |||
| Laborers and Material Movers | 6% | |||
Small Electrical Appliance Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Small Electrical Appliance Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Small Electrical Appliance Manufacturing industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Small Electrical Appliance Manufacturing industry. |
Source:
Innovation News
- Jan 19, 2024: Distrivalto Usa trademarks "CONNECTO" - Audio speakers; Wireless indoor and outdoor speakers; Wireless speakers
- Jan 11, 2024: Follicle patents Battery Cell Pressure Fixture
- Jan 11, 2024: Follicle patents Battery Cell Pressure Fixture
- Dec 07, 2023: Blacklist Holdings trademarks "TWISTED" - Hemp pre-rolls that contain or are derived from hemp with a delta-9 tetrahydrocannabinol concentration of not more than 0.3 percent on a dry weight basis
- Oct 03, 2023: Metropolitan Vacuum Cleaner trademarks "SUPER VAC 'N, BLASTER" - portable electric combination vacuum cleaner and hot air blower sold as a unit; portable electric combination vacuum cleaner and hot air blower sold as a unit for use on animals, pets, motor vehicles, and motorcycles
- Aug 17, 2023: Follicle patents Battery Operated Hair Dryer
Recent Federal Contracts for Small Electrical Appliance Manufacturing- Mar 26, 2024: GMW FIRE PROTECTION, INC. (Anchorage, AK) awarded $35,000
- Mar 20, 2024: TIGER VAC, INC. (Dania, FL) awarded $2,055
- Feb 29, 2024: INTERNATIONAL VIDEO & ELECTRONIC INC (Elk Grove Village, IL) awarded $31,350
- Feb 23, 2024: TENNANT SALES AND SERVICE COMPANY (Eden Prairie, MN) awarded $12,866
- Jan 25, 2024: CLAYTON ASSOCIATES, INC. (Lakewood, NJ) awarded $1,645
- Jan 23, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $17,006
- Mar 26, 2024: GMW FIRE PROTECTION, INC. (Anchorage, AK) awarded $35,000
- Mar 20, 2024: TIGER VAC, INC. (Dania, FL) awarded $2,055
- Feb 29, 2024: INTERNATIONAL VIDEO & ELECTRONIC INC (Elk Grove Village, IL) awarded $31,350
- Feb 23, 2024: TENNANT SALES AND SERVICE COMPANY (Eden Prairie, MN) awarded $12,866
- Jan 25, 2024: CLAYTON ASSOCIATES, INC. (Lakewood, NJ) awarded $1,645
- Jan 23, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $17,006
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