The potential growth difference for the household appliance market between 2020 and 2025 is USD 89.50 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Key Market Dynamics:
The product innovation and advancement leading to portfolio extension and product premiumization and increased adoption of integrated smart home technology are some of the key market drivers. However, factors such as fluctuations in raw material prices and operational costs will challenge market growth.
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The household appliance market report is segmented by Product (Major household appliances and Small household appliances), Distribution Channel (Offline and Online), and Geography (APAC, Europe, North America, South America, and MEA). APAC will be the leading region with 53% of the market's growth during the forecast period. China and Japan are the key markets for household appliances in APAC.
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Some Companies Mentioned with their Offerings
Haier Smart Home Co. Ltd.
LG Electronics Inc.
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Household Appliance Market Scope
Growth momentum & CAGR
Decelerate at a CAGR of over 4%
Market growth 2021-2025
USD 89.50 billion
YoY growth (%)
APAC, Europe, North America, South America, and MEA
Performing market contribution
APAC at 53%
Key consumer countries
China, US, Japan, Germany, and France
Leading companies, competitive strategies, consumer engagement scope
AB Electrolux, Haier Smart Home Co. Ltd., Hitachi Ltd., LG Electronics Inc., MIDEA GROUP, Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Transform SR Brands LLC, and Whirlpool Corp.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Key Topics Covered:
Five Forces Analysis
Market Segmentation by Product
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