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)

 

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