Household Appliance Market: Increased Adoption of Integrated Smart Home Technology. 9.6.3. Market Dynamics 9.3.4. Product Outlook 9.1.3. 9.10.2. Key Developments, 9.9. 9.4.2. • Amica Wronki S.A. LONDON--(BUSINESS WIRE)--The global household appliance market is expected to post a CAGR of over 6% during the period 2019-2023, according to the latest market research report … 9.9.4. Innovation is the critical differentiating factor Opportunities for profit maintain remain … 5.3. The wireless technologies used by devices for connectivity include Wi-Fi, Bluetooth, and ZigBee. Key Developments, 9.8. 8.3. The adoption of smart and advanced appliances has increased significantly, mainly due to the growing adoption of smart homes and smart home technologies such as smart hubs and smart AI-enabled smart home controllers that can control the appliances remotely. INTRODUCTION OF GLOBAL HOME APPLIANCES MARKET 6.5. 9.2.3. In addition, with the growing purchasing power and rising disposable income, customers are gradually increasing their spend on household appliances. Attractive offers by online retailers, power innovation for AI-driven gadgets, and significant investments towards the acquisition and product development are growth opportunities for the market. 4.2.2. • Microwave & Oven The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally. 9.3.3. The largest share in the market will be dominated by the Asia Pacific owing to the higher purchasing power of consumers and the increasing awareness of the advantages of home appliances in this region. • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region The factors can be attributed to the availability of smart and energy-efficient refrigerator units, the growing disposable income, and the widening base of nuclear families. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. Product Outlook The global home appliance market is segmented on the basis of type, application, and geography. The Global Home Appliance Market was valued at US$ 443,945.2 Mn in 2018 and is projected to increase significantly at a CAGR of 8.0% from 2019 to 2028. • LG Electronics Rest of Europe 4.2.3. Key Developments, 9.2. US: +1 844 364 1100 The major product innovations introduced in the global household appliance market are in terms of technology, performance, features, and design. Financial Performance The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. The economic slowdown in recent years has impacted demand in the region although there is considerable growth potential for ... 2/15/2019 … We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth. Based on regional analysis, the Global Home Appliances Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Household appliances market is expected to reach an estimated value of $324.2 billion by 2019. During the forecast period, the APAC region is expected to register the highest incremental growth due to factors such as rising urbanization, higher spending power, and the increased demand for smart appliances from single households. Product Outlook With the awareness of the advantages of home appliances over developing economies and expanding urbanization are anticipated to boost the home appliances market. Power’s 2019 Kitchen and Laundry Appliance Satisfaction studies.As the number one selling brand of major appliances … HSBC estimates that by 2019, replacement demand will account for approximately 92% of home appliance sales. Technavio Research “Other factors such as the growing demand for multifunctional products, and the increase in M&A and strategic alliance activities will have a significant impact on the growth of the household appliance market value during the forecast period,” says a senior analyst at Technavio. • In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met. According to the author's latest report, "India Kitchen Appliances Market Size, Share & Analysis, Forecast and Opportunities, 2019-2025", India kitchen appliances market continues to show … 7.2.3. Entertainment & Information Appliances The “Global Home Appliances Market” study report will provide a valuable insight with an emphasis on the global market. Key Developments, 9.4. • Supermarket & Hypermarket Whirlpool Corporation. • Haier Electronics 3.1. The major players in the market are, • Haier Electronics Overview • Market dynamics scenario, along with growth opportunities of the market in the years to come 6.2. Microwave & Oven 7.1. The report sample for Home Appliances Market report can be obtained on demand from the website. • North America The major drivers of the household appliances industry are increase in per capita income, consumer … 8.1. 1.3. Financial Performance Appliances Market Size, Share & Trends Analysis Report By Product, (Personal Care, Home Appliances, Smartphones), By Region (North America, Central & South America, APAC, MEA), And Segment Forecasts, 2019 - 2025. LONDON--(BUSINESS WIRE)--The global household appliance market size is expected to grow by USD 21.76 billion during 2020-2024. Brazil Financial Performance Many vendors in the household appliance market have transformed their product offerings to sync with the smart and advanced technology led by the growing popularity of IoT, which integrates digital and wireless technology. 9.4.4. GLOBAL HOME APPLIANCES MARKET COMPETITIVE LANDSCAPE • Provides insight into the market through Value Chain Home Appliance market was valued at 615.100 Billion US$ in 2018 and is projected to reach 849.600 Billion US$ by 2025, at a CAGR of 4.1% during the forecast period. 7.3. Opportunities Global Smart Home Appliances Market is expected to grow at a CAGR 29.5% By 2028, and will reach at US$ 35,939.6 Mn in 2028, from US$ 2,701.3 Mn in 2018. To know more about the Research Methodology and other aspects of the research study, kindly Get in touch with our sales team. 9.2.1. 7.4. Comparing the results to its competitors, Whirlpool reported Total Revenue increase in the 3 quarter 2020 by 3.93 % year on year, while most of its competitors have experienced contraction in revenues by … India Argentina • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled • Others. 9.6.1. 9.6.4. 9.5.1. Key Developments. Also, high living standards, improved quality of life, and easy to use of home appliances expect a boost to the market in the coming years. To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44899. 3.2. Addition or alteration to country, regional & segment scope, Global Influenza Vaccine Market By Type, By Technology, By Demography, By Geographic Scope And Forecast, Global Narcolepsy Drugs Market Size And Forecast. GLOBAL HOME APPLIANCES MARKET, BY GEOGRAPHY • Asia Pacific • Godrej Group Home Appliances Market was valued at USD 170.58 Billion in 2018 and is projected to reach USD 208.65 Billion by 2026, growing at a CAGR of 2.57 % from 2019 to 2026. Overview 7.4.3. 7.5. Global Smart Home Appliances Market, 2019-2025 - Key Vendors are Samsung, LG, GE Appliances, Electrolux, Panasonic, Philips, Whirlpool, and BSH Email Print Friendly Share September 13, 2019 … Industry Insights . Overview By product, smart washing machines dominated the market with a share of 31.9% in 2019. >>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=11037. 9.7.2. The Global Home Appliances Market is segmented based on Product, Distribution Channel, and Geography. Specialty Store RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH 7.3.1. List of Data Sources, 4. The global connected home appliance market is segmented on the basis of type, application, and geography. In addition, uninterrupted and easy connectivity to smart appliances is an essential feature that helps consumers handle and perform tasks remotely. 9.8.3. They are available in various distribution channels such as Supermarket & Hypermarket, Specialty Store, E-Commerce, and Others. Media & Marketing Executive Drivers • Cooktop 5.2. Rest of the World, 8. 7.3.3. 7.2.2. Also, the 24*7 chat support & direct call services are provided to procure the sample report. Register for a free trial today and gain instant access to 17,000+ market research reports, Household Appliance Market: Segmentation Analysis. Home Appliances Market Size And Forecast Home Appliances Market was valued at USD 170.58 Billion in 2018 and is projected to reach USD 208.65 Billion by 2026, growing at a CAGR of 2.57 % from … Smart appliance market … 7.4.2. • Specialty Store 9.9.2. Share This Press Release. COMPANY PROFILES • The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions Some of the key topics covered in the report include: Technavio is a leading global technology research and advisory company. The global home appliances market was valued at USD 174.07 billion in 2017 and is projected to reach a value of USD 203.37 billion by the end of 2023, at a CAGR of 2.6% over the … Key Development Strategies, 9. 6.4. IoT will be a trend that will influence vendors during the forecast period. Home appliance refers to a piece of equipment, usually operated electrically, used especially in the home or for the performance of domestic chores such as cooking, cleaning, or food preservation. • Others. • Cleaning Appliance Cooking Range The Global Home Appliances Market report provides a holistic evaluation of the market. Overview • Washing Machine Financial Performance 9.3.2. Vietnam Major Appliances Reports: Our 2020 Vietnam report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Major Appliances market. All Rights Reserved. Overview Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. 4.2.1. The appliance market Western Europe The European appliances market is ... account for a large share of the market. Additionally, various features of home appliances such as smart functionality, elegant design, sustainability, diversity, and effectiveness are predicted to fuel the market during the forecasted years. Key Developments, 9.6. Overview Home appliance refers to a piece of equipment, usually operated electrically, used especially in the home or for the performance of domestic chores such as cooking, cleaning, or food preservation. According to the report, the global home appliances market was pegged at $501.53 billion in 2017 and is expected to reach $763.45 billion by 2025, registering a CAGR of 5.4% from … Based on the Distribution Channel, the market is bifurcated into Supermarket & Hypermarket, Specialty Store, E-Commerce, and Others. For instance, Amazon Echo offered by Amazon is a smart hub voice-controlled device that operates and controls smart home appliances such as smart refrigerators and air conditioners. LG Electronics • E-Commerce Product Outlook 7.4.4. As per Technavio, the increased adoption of integrated smart home technology will have a positive impact on the market and contribute to its growth significantly over the forecast period. 7.2. China 7.5.1. Best Performing Brand in 2019 with Top awards in 5 out of 9 categories Samsung Electronics America, Inc. is proud to announce the rankings and results of J.D. Refrigerator 9.10.3. 7.3.2. Global “Home Appliances Market” 2024- report describes the vital growth factors, opportunities and market segment by top players during the forecast period from 2019 to 2024. GLOBAL HOME APPLIANCES MARKET OUTLOOK GLOBAL HOME APPLIANCES MARKET, BY PRODUCT [1] TraQline, Number 1 market share of large U.S. home appliance from 2016 to current (Q3 2019) [2] TraQline, Number 2 market share of cooking appliances from 2016 to current (Q3 2019) [3] Voice … Primary Interviews 9.1.4. Latin America 9.10.4. E-Commerce Estimated market breakdown by … • Panasonic Corporation We expect to see more household appliances targeting small families. Request a free sample report. • Refrigerator Japan Key Developments, 9.10. 9.3.1. 8.2. Product Outlook This market research report segments the household appliance market by product (major household appliances and small household appliances), distribution channel (offline and online), and geography (APAC, Europe, North America, South America, and MEA). 5.7. This has propelled the demand for premium household appliances and led to the growth of the global household appliance market. North America 4.4. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024. Financial Performance Major home & household appliances manufacturers worldwide ranked by revenue 2019 … Overview Overview Number of employess in the home appliance business, 2014-2016-2018 for the leading companies Sales by geographical area: Home appliances. Email: media@technavio.com 6.1. Key Developments, 9.5. 9.8.4. 9.5.3. Company Market Ranking Overview 7.6. Published Date: Feb, 2019… Chapter 2, to profile the top manufacturers of Surface Mounted Fan Coil, with price, sales, revenue and global market share of Voltage Stabilizers for Home Appliance in 2018 and 2019. • Whirlpool Corporation 9.1.2. Technological advancements in this segment, the rise in consumer disposable income, improved quality of life, and easy to use of home appliances are expected to drive the home appliances market over the predicted years. 5.6. 1. 9.1.1. … According to a ranking published by iiMedia Research, the most popular Chinese brand in the home appliances market in China in 2019 was Midea, receiving 98.5 out of a maximum possible … Number of employess in the home appliance business, 2014-2016-2018 for the leading companies Sales by geographical area: Home appliances. Canada 9.7.3. Product Outlook Key Developments, 9.3. Cooktop Product Outlook Samsung Electronics Market share of smart home appliance producers in China Q4 2018 Sales share of washing machines in Haier Electronics Group 2019, by function Show all statistics (5) Financial Performance The growth and advances, coupled with the increased adoption of smartphones, smart hubs, and IoT devices, will drive the global household appliance market. Godrej Group • Samsung Electronics 4.3. Overview Technavio has announced its latest market research report titled Global Household Appliance Market 2020-2024 (Graphic: Business Wire). The global home appliances market is experiencing steady growth with the growing middle-class economy, improved disposable income levels in a number of countries, an increase in labor costs, busier lifestyles, and the availability of a range of home appliances … The global household cooking appliance market was valued at USD 80.74 billion in 2018 and is poised to progress at a CAGR of 6.5% from 2019 to 2025. • Gorenje Group. Overview 7.2.1. 9.8.1. 9.7.4. Overview Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. 6.3. Product Outlook Data Mining 5.4. 9.7.1. Key Developments, 9.7. 5.9. Home Appliances Market is segmented based on Product, Distribution Channel, and Geography. 1.2. Gorenje Group. • Electrolux AB Mexico 7.4.1. Young, single consumers value the ability to control large household appliances … • Cooking Range This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. • Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis • Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players Haier Electronics. 4.1. A growing number of nuclear families, improved … Europe Based on the Product, the market is bifurcated into Refrigerator, Air Conditioner & Heater, Entertainment & Information Appliances, Washing Machine, Cleaning Appliance, Cooktop, Cooking Range, Microwave & Oven, and Others. Overview 4.2. https://www.verifiedmarketresearch.com/ask-for-discount/?rid=11037. Financial Performance Washing Machine The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market. Panasonic Corporation 9.4.1. New Study Reports "Home Appliance Chain 2019 Global Market Opportunities, Challenges, Strategies and Forecasts 2025". Haier Electronics • Air Conditioner & Heater GLOBAL HOME APPLIANCES MARKET, BY DISTRIBUTION CHANNEL 7.5.2. Overview “The large home appliance market should cater to the needs of different consumer groups. It is also known as domestic appliances, majorly involves white goods such as refrigerators, air conditioners, dishwashers, clothes dryers, drying cabinets, freezers, kitchen stoves, water heaters, washing machines. Estimated market breakdown by … Home Appliances Market was valued at USD 170.58 Billion in 2018 and is projected to reach USD 208.65 Billion by 2026, growing at a CAGR of 2.57 % from 2019 to 2026. 9.2.4. Germany The Global Household Appliance Market will grow by $ 21.76 bn during 2020-2024 U.K. Cleaning Appliance Request challenges and opportunities influenced by COVID-19 pandemic - Request a Free Sample Report on COVID-19 Impacts. Financial Performance This is attributed to greater penetration of smartphones and a wireless internet connection, … Home Appliance Market … >>> Get | Download Sample Copy @ – https://www.verifiedmarketresearch.com/download-sample/?rid=11037. 9.8.2. Technological advancements in this segment, the rise in consumer disposable income, improved quality of life, and easy to use of home appliances are expected to drive the home appliances market over the predicted years. U.S. Others, 6. Product Outlook Haier Electronics, Whirlpool Corporation, LG Electronics, Godrej Group, Panasonic Corporation, Samsung Electronics, Electrolux AB, Haier Electronics, Amica Wronki S.A. and Gorenje Group. 6.7.2 South America Home Appliance Market Share by Type in 2017 6.7.3 South America Home Appliance Market Share by Application in 2017 6.7.4 Brazil 6.7.5 Argentina 6.7.6 Colombia 6.7.7 Chile 6.8 Middle East & Africa 6.8.1 Middle East & Africa Market … The availability of home appliances through various distribution channels is predicted to influence the market positively. We use cookies to enhance your experience. 3.4. • 6-month post sales analyst support. 9.5.2. • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors Asia Pacific Electrolux AB. 9.9.1. Technological advancements in this segment and the rise in consumer disposable income are expected to drive the home appliances market over the predicted years. Amica Wronki S.A. Others, 7. 5.8. 9.4.3. 9.5.4. Asia Pacific home appliances market … • Entertainment & Information Appliances The Refrigerator segment is expected to hold the largest market share. 5.10. Product Outlook 1.1. • Europe Validation 5.1. The U.S. household appliances market size was valued at USD 43.34 billion in 2016. 7.3.4. The growing innovation and advances in technology have changed the demand and preferences of the customers, hence propelled the demand for innovative products. By 2020, the smart appliance shares will be as follows: air conditioners 37%, refrigerators 28%, washing machines 27%, dishwashers 4%, clothes dryers 2%, and large cooking appliances 2%. 9.6.2. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. 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