Outlook Strong for Canadian Major Appliance Industry in 2008 and Beyond
June 20, 2008
The Canadian Appliance Manufacturers
Association (CAMA), an Electro-Federation Canada (EFC) council, today announced
latest market research for the Canadian Appliance industry in its published
report, Major Appliance Industry Trends & Forecast. In 2008, CAMA
calls for an increase of 3.7% for the five core white goods products. Shipments
to the retail channel are expected to reach 4.532 million for the five core
products, however the builder channel is expected to remain flat at 652,000 for
2008. Laundry products are expected to lead the way in growth for 2008, with a
forecasted growth of 4.6% for washers and 5.4% for dryers.
Looking forward, CAMA is forecasting a
growth of approximately 3.0% for the five core products over the 2009-2010
forecast period, with some growth in the retail channel, but a negative forecast
in builder channel as housing construction activity eases off.
“This past year was an encouraging one for
the major appliance industry,” said Larry Moore, Vice President, CAMA. All
products experienced unit volume increases, with the five core white goods
products increasing by 5.3% over 2006. Dishwashers experienced the strongest
growth, with increases of 11.5% over the previous year. The retail channel was
up by 6.1% on the five core products, while the builder channel slowed down,
posting a slight decrease of -0.2%. CAMA has published a comprehensive summary
of findings and projections in its Major Appliance Industry Trends &
Forecast Report, featuring forecasted unit sales for all major appliances.
This annual publication provides industry insiders, suppliers, and researchers
with information related to the economy, housing, consumer spending, appliance
saturation levels, regional highlights, seasonality, energy efficiency, and
imports.
The 2008 Major Appliance Industry
Trends & Forecast Report – with forecasted unit sales until 2010 – is
available for purchase. Download an order form at www.electrofed.com/councils/CAMA/Appliance_Forecast
to receive your copy of this comprehensive report. For archives of the
publication or for historical information dating back to the early 1970s,
contact info@electrofed.com or call 905-602-8877.
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