Global Smart Appliances Market to grow at a CAGR of 23.48% during 2016-2020

About Smart Appliances

The global household appliances market is experiencing steady growth with the growing middle-class economy, improved disposable income levels in a number of countries, increase in labor costs, busier lifestyles, and the availability of a range of home appliances at competitive prices. With increasing digitalization, consumers have become tech-savvy and have strong knowledge regarding the use and benefits of all modern appliances. Also, the influence of social media on the Gen Y and the millennial population is further encouraging them to purchase appliances that can provide convenience and comfort.

Technavios analysts forecast the global smart appliances market to grow at a CAGR of 23.48% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global smart appliances market for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of smart appliances worldwide.

The market is divided into the following segments based on geography:
APAC
Europe
MEA
North America

Technavio's report, Global Smart Appliances Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
Electrolux
Haier
LG
Samsung
Whirlpool

Other prominent vendors
Dacor
Friedrich
FUJITSU GENERAL
Midea
Mitsubishi Electric
Panasonic
Robert Bosch
Videocon
Voltas

Market driver
Increased convenience and functional value of easily communicating with appliances remotely driving market
For a full, detailed list, view our report

Market challenge
Lack of technological exposure and awareness hindering mass adoption of smart connected appliances
For a full, detailed list, view our report

Market trend
Connectivity and other attractive features in smart connected appliances
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.