$ 21.76 Billion Expected in Household Appliance Market | Key Vendors, Drivers, Trends, and Market Forecast for New Normal |Technavio
NEW YORK, April 7, 2021 /PRNewswire/ -- The global household appliance market is set to grow by USD 21.76 bn, progressing at a CAGR of almost 1% during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AB Electrolux, Haier Smart Home Co. Ltd., Hitachi Ltd., LG Electronics Inc., Midea Group Co. Ltd., Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Transform SR Brands LLC, and Whirlpool Corp. are some of the major market participants. Product innovation and advancement will offer immense growth opportunities, to leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.
Household Appliance Market 2020-2024: Segmentation
Household Appliance Market is segmented as below:
Learn more about the global trends impacting the future of market research, download a free sample report:
Household Appliance Market 2020-2024: Vendor Analysis and Scope
To help businesses improve their market position, the household appliance market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include AB Electrolux, Haier Smart Home Co. Ltd., Hitachi Ltd., LG Electronics Inc., Midea Group Co. Ltd., Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Transform SR Brands LLC, and Whirlpool Corp.
The report also covers the following areas:
Market trends such as the inreased adoption of integrated smart home technology is likely to emerge as one of the primary drivers of the market.
Related Reports on Consumer Discretionary Include:
Global Smart Kitchen Appliance Market - Global smart kitchen appliance market is segmented by product (smart large cooking appliance, smart refrigerator, smart small cooking appliance, and smart dishwasher), distribution channel (offline and online), and geography (APAC, Europe, MEA, North America, and South America).
Household Appliance Market 2020-2024: Key Highlights
Table of Contents:
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Distribution channel
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