SAN FRANCISCO, Sept. 24, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Electric Household Appliances - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 16; Released: April 2021
Executive Pool: 22759
Companies: 151 - Players covered include AB Electrolux; GE Appliances; Groupe SEB; Haier Group; Hamilton Beach Brands Inc.; Hitachi Appliances Inc.; Jarden Consumer Solutions; LG Electronics; Miele & CIE, KG; Mitsubishi Electric Corp.; Panasonic Corp.; Samsung Electronics Co., Ltd.; Whirlpool Corp. and Others.
Coverage: All major geographies and key segments
Segments: Category (Major Household Appliances, Small Household Appliances); Product Segment (Washing Machines, Refrigerators, Room ACs, Irons, Vacuum Cleaners, Coffee Makers, Toasters, Mixers, Microwave Ovens, Can Openers (Electric), Blenders, Food Processors, Water Heaters (Electric), Range Hoods, Other Product Segments); Distribution Channel (Specialty Store, Supermarket & Hypermarket, E-Commerce, Other Distribution Channels)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Electric Household Appliances Market to Reach 1.7 Billion Units by 2026
Amid the COVID-19 crisis, the global market for Electric Household Appliances estimated at 1.4 Billion Units in the year 2020, is projected to reach a revised size of 1.7 Billion Units by 2026, growing at a CAGR of 3.2% over the analysis period. Major Household Appliances, one of the segments analyzed in the report, is projected to record a 3.6% CAGR and reach 999.8 Million Units by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Small Household Appliances segment is readjusted to a revised 2.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at 389.3 Million Units in 2021, While China is Forecast to Reach 344.6 Million Units by 2026
The Electric Household Appliances market in the U.S. is estimated at 389.3 Million Units in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of 344.6 Million Units by the year 2026 trailing a CAGR of 5.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.9% and 2.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR. More
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