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Household Appliances Market 2023 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : Samsung Electronics Co. Ltd., Haier Smart Home Co. Ltd., LG Electronics, Qingdao Haier Co. Ltd
Household Appliances Market
As per the household appliances market report by The Business Research Company, the rising trend of outdoor parties and cookouts on weekends and holidays is expected to drive the market for barbeques and grills in the forecast period.
The global household appliances market grew from $551.29 billion in 2022 to $606.58 billion in 2023 at a compound annual growth rate (CAGR) of 10.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The household appliances market is expected to grow to $859.71 billion in 2027 at a CAGR of 9.1%.
Read More On The Household Appliances Market Report Here:
https://www.thebusinessresearchcompany.com/report/household-appliances-global-market-report
Major companies in the household appliance market include Samsung Electronics Co. Ltd., Haier Smart Home Co. Ltd., LG Electronics, Qingdao Haier Co. Ltd., Daikin Industries Ltd., Whirlpool Corp, Midea Group co Ltd., Robert Bosch GmbH, Apple and Electrolux AB.
The Household Appliances market is segmented -
1) By Type: Small Electrical Appliance, Household Cooking Appliance, Household Refrigerator And Home Freezer, Household Laundry Equipment, Other Major Household Appliance
2) By Application: Cooking, Cleaning, Other Applications
3) By Mode: Online, Offline
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A home appliance, also known as a domestic electric appliance, is a device that helps with daily chores including cooking, cleaning, and preserving food.
The Table Of Content For The Household Appliances Market Include:
1. Executive Summary
2. Report Structure
3. Household Appliances Market Characteristics
4. Household Appliances Market Product Analysis
5. Household Appliances Market Supply Chain
……
22. Key Mergers And Acquisitions In The Household Appliances Market
23. Market Background: Electrical Equipment Manufacturing Market
24. Recommendations
25. Appendix
26. Copyright And Disclaimer
The "Global Household Appliances Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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