Global Home Appliances Market was valued at USD XX Billion in the year 2018. Global Home Appliances Market is further estimated to grow at a CAGR of XX% from 2019 to reach USD XX Billion by the year 2025. The North America region holds the highest market share in 2018 and the Asia Pacific is considered as the fastest growing market in the forecasted period. At a country level, US, China, and the U.S. are projected to grow strongly in the coming years due to increasing density of population and funding through Research and Development.
Haier Electronics (China), Amica Wronki S.A., (Poland), Whirlpool Corporation (U.S) are the key players in this market. Rising research and development expenses are catering to changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
Rapid economic development
Expensive and costly
New product innovation with technological advancements
Increasing competition due to alternative treatments
The Global Home Appliances Market is segmented as By Product and Region. The Product segment is divided into cooking, refrigeration, laundry, home comfort and others in which cooking accounts for the highest market share as it is a basic necessity. Among all, it is expected that the cooking segment will be growing at a moderate CAGR of XX% in the assessment period.
Key Benefits for Stakeholders
Raw material suppliers
Market leading companies
Key Market Players
Amica Wronki S.A.
Konka Group Co. Ltd
BSH Hausger?te GmbH
Dongbu Daewoo Electronics
Defy Appliances (Pty) Ltd,
(A brief overview of 10 companies is also provided)
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