Press release
Global Home Appliances Market Expected to Witness a Sustainable Growth over 2030
Prophecy Market Insights
Key Highlights:
In January 2018, Bosch launched its double-door refrigerators range Series 4 in the market which noted its entry in the double-door refrigerator sector.
In October 2018, LG declared the launch of InstaView door-in-door refrigerators, which is projected to feature a glass panel that lightens the interior with two soft knocks on the glass panel. As the frequent opening of the refrigerator door consumes more electricity. Thus, making the door transparent increases the energy efficiency of the household.
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Key Market Insights from the report:
The global home appliances market accounted for US$ 331.35 billion in 2020 and is projected to register a moderate CAGR over the forecast period. The market report has been segmented based on product type, distribution channel, and region.
By product type, refrigeration segment accounts for significant market share, owing to increasing demand for smart connected kitchen appliances.
By distribution channel, speciality stores segment estimates for major market share revenue and is anticipated to maintain its dominance over the forecast period.
By region, North America market is anticipated to dominate the global home appliances market in terms of revenue. Factors such as changing consumer preferences, technological advancements in appliances, government initiatives for energy-efficient appliances coupled with improved living standards in countries in the region is also expected to drive the growth of the target market during the forecast period.
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The prominent player operating in the global home appliances market includes Newell Brand, Midea Group Co. Ltd., Panasonic Corporation, Samsung Electronics Co. Ltd., AB Electrolux, Hitachi Ltd., Whirlpool Corporation, Haier Group Corporation, Breville Group Limited, and Robert Bosch Gmbh.
Introduction
Study Deliverables
Study Assumptions
Scope of the Study
Research Methodology
Executive Summary
Opportunity Map Analysis
Market at Glance
Market Share (%) and BPS Analysis, by Region
Competitive Landscape
Heat Map Analysis
Market Presence and Specificity Analysis
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