Press release
Global Home Appliance Market Study Analysis: The Home Appliance Market Is Expected To Grow At A CAGR Of 10%
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Global Home Appliance Drivers And Restrain:
The major factor driving the growth of the market includes the rise in technological advancement, rapid industrialization, and urbanization, and the growing housing sector. Apart from these the growth in the per capita income, improved living standards, an increase in comfort in the household, and a change in consumer lifestyle. furthermore, there is an increase in government initiatives for energy-efficient appliances in several countries.
The market is hampered by the outbreak of the coronavirus and the economic slowdown.
Covid-19 Scenario:
• Impact on Market Size
• End-User Trend, Preferences, and Budget Impact
• Regulatory Framework/Government Policies
• Key Players Strategy to Tackle Negative Impact
• Opportunity Window
Global Home Appliance Market Segments:
The global Home Appliance market is further segmented into product, distribution channel, and geography.
By Product: Refrigerator; Air Conditioner & Heater; Entertainment & Information Appliances; Washing Machine; Cleaning Appliance; Cooktop, Cooking Range, Microwave & Oven; and Others
By Distribution Channel: Supermarket & Hypermarket, Specialty Stores, E-Commerce, and Others
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa and South America)
North America is expected to hold the largest share due to an increase in the demand for household appliances. The European market is growing due to low interest rates and a good economic situation. The Asia-Pacific is expected to witness growth due to a rise in household income, rapid urbanization, and an increase in the middle-class population.
Key Players of Global Home Appliance Market:
• AB Electrolux
• Qingdao Haier Co. Ltd
• Hitachi, Ltd
• LG Electronics Inc
• Midea Group Co., Ltd
• Panasonic Corporation
• Robert Bosch GmbH
• Samsung Electronics Co., Ltd
• Sharp Corporation
• Whirlpool Corporation
For Any Query or Customization, Ask Our Industry Experts@https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=007028
Key Questioned Answered Through The Report:
• The Impact of COVID-19 on the global market
• What are the potential opportunities for new entrants in the global market
• What is the market Size and Forecast from 2020 to 2028?
• Key Players associated with the global Testing, Inspection and Certification Market
• Value Chain Analysis of Global Testing, Inspection and Certification Market
• What is the CAGR of the global Testing, Inspection, and Certification Market from 2021 to 2028
• Major Growth Factor, Challenges, Trends, and Opportunities in the global market
• Key outcomes of SWOT Analysis
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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advising service that offers creative solutions to a company's problems. Data beneficial to micro, small, medium, and large-scale businesses can be found in our market research studies. We offer a wide range of services, from data collection to business consulting.
Evolve Business Intelligence is built on account of technology advancement and our in-house AI-modelled data analysis and forecast tool - EvolveBI - provides extremely accurate data. This application tracks real-time statistics from Fortune's Global 2000 firms, including quarterly performance, annual performance, and recent changes.
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