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I Situation Analysis Industry Whirlpool Corporation is a worldwide manufacturer and marketer of home appliances It manufactures and markets mainly appliances and appliance-related products primarily for home use The Company has manufacturing plants in 13 countries and is also an owner of eleven brand names Whirlpool sends its products to distributors and retailers in more than 170 countries Its principal products are laundry appliances refrigerators and freezers cooking appliances dishwashers and other small household appliances Approximately 10 of its unit sales volume is purchased from other manufacturers for resale by the company Whirlpool also produces hermetic compressors and plastic components primarily for the home appliance and electronics industries Market in the US is mature and corporation is trying to expand and gain larger market share in regions such as Europe Latin America and Asia Here are the short summaries for the industry of those regions European Industry In the early 1980s there were approximately 350 producers of household appliances in Europe With consolidation in the industry by the late 1980s the number had shrunk to about one hundred By early 1995 it was estimated that five of the companies including Electrolux with a 25 market share Philips Bauknecht and Bosch-Siemens controlled over 70 of the market Latin American Industry The economic stability in Latin America in the 1990s made the region an attractive growth proposition The appliance makers hoped that the days of hyperinflation and economic mismanagement were over and they were pleased to see that governments were reducing tariffs Asian Industry Asia the worlds second-largest home appliance market was also the fastest growing market of the 1980s By the mid-1990s it was growing at a rate of between 8 and 12 annually a rate that was expected to continue well past the year 2000 Competitors In Europe its main competitors are Electrolux Philips Bauknecht and Bosch-Siemens Overall it global competitors include Maytag and also General Electric Some of Whirlpools American competitors are
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