Household Appliances Market – Global Opportunities & Forecast, 2020-2027

 GMI Research market report focuses on providing an overview of the industry through detailed market segmentation. The report has information related to the overview and scope of the market followed by the key drivers, restraints, and emerging trends in the market. This report is especially designed to include both qualitative and quantitative aspects of the industry in each region and country included in the study.

List of Significant Manufacturers in the Household Appliances Market include:

·         Haier lnc.

·         AB Electrolux

·         Hitachi, Ltd.

·         LG Electronics

·         Panasonic Corporation

·         Midea Group

·         Samsung

·         BSH Hausgeräte GmbH

·         Sharp Corporation

·         Whirlpool Corporation

Household Appliances Market Drivers and Restraints:

The primary factors accelerating the growth of the global household appliances market include rising digitalization, growing per capita income, and increasing consumer demand for technologically advanced products globally. The rising trend of using powered and automatic household appliances to ease the housekeeping chores due to the shifting consumer lifestyle will drastically boost the demand for household appliances during the forecast period. Several home appliances provide various advantages, such as saving labor costs, time, and high convenience. Moreover, the rapid development of smart homes is increasing the adoption of smart appliances, along with rapid urbanization, and the growing adoption of connected solutions will attract many consumers to opt for household appliances in the upcoming years.

Growth in the female labor force participation rates as the household appliances decreases the time spent on the chores, which is further surging the market growth. Rapid technological advancements in household appliances such as IoT, the implementation of artificial intelligence, and increasing investments in the research & development activities to minimize the cost, complexity and help in energy savings are certain factors energizing the growth of the global household appliances market across the world. The factors restraining the growth of the global household appliances market include the high cost of household appliances and the growing number of counterfeit products.

Segmentation: Household Appliances Market

Household Appliances Market: By Product

·         Air Conditioner & Heater

·         Refrigerator

·         Washing Machine

·         Entertainment & Information Appliances

·         Cooktop, Cooking Range, Microwave & Oven

·         Cleaning Appliance

·         Others

Household Appliances Market: By Distribution Channel

·         Specialty Stores

·         Supermarket & Hypermarket

·         E-Commerce

·         Others

Household Appliances Market: By Region

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

 

About GMI Research

GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst uses a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us pioneer in emerging market research space. Our syndicate reports cover multiple industries across various regions and countries.

Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve.

Comments

Post a Comment

Popular posts from this blog

Hi-Fi System Market Research Report

 Growth opportunities in the Hi-Fi system market look promising over the next six years. This is mainly due to the rising demand for portable devices such as smartphones, and laptops, the continuous technological advancement in the Hi-Fi systems, like integration of AI and machine learning, and the increasing penetration of the internet. Request for a FREE Sample Report on Hi-Fi System Market Hi-Fi System Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers The augmenting demand for portable devices and the growing need for infotainment services are the crucial drivers fuelling the growth of the global Hi-Fi system market .  Rising portable device demand such as laptops, tablets, and smartphones strengthens the demand for wireless audio products in the HI-FI system market. Also, the ongoing technological developments in Hi-Fi systems, like the amalgamation of machine learning and artificial intelligence, are ...
Read more

Tight Gas Market Research Report

  Growth opportunities in the tight gas market look promising over the next six years. This is mainly due to the favourable government strategies, funds and aids for the gas production and the development of sophisticated technology. Request for a FREE Sample Report on Tight Gas Market Tight Gas Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers One of the prominent drivers responsible for the growth of the global tight gas market includes the augmenting demand for million barrels each day. In accordance with the U.S. Energy Information Administration, the demand of the barrels from 2016 Q1 to 2017 Q1 augmented from 1 million in 2016 to more than 2 million in 2017, and the same trend is anticipated in the future, which will change the perspective of the market, thereby fulfilling the market demand. Also, the emergence of low-cost gas supplies from different sources will change over the chauffeurs of natura...
Read more

Vitreoretinal Surgery Devices Market Research Report

 Growth opportunities in the vitreoretinal surgery devices market look promising over the next six years. This is mainly due to the increasing technological advancements and the rise in the geriatric population coupled with the rising eye disorders. Request for a FREE Sample Report on Vitreoretinal Surgery Devices Market Vitreoretinal Surgery Devices Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers The increase in the geriatric population across the world along with the surging number of eye disorders including diabetic retinopathy, detached retina, macular hole, and CMV retinitis, and the growing awareness concerned with eye health are the key drivers stimulating the growth of the global vitreoretinal surgery devices market. The use of vitreoretinal surgeries to treat various eye-related disorders, with the help of several procedures, is effective in restoring and improving vision. Furthermore, the ongoing t...
Read more