Global Household Appliances Manufacturing Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Household Appliances Manufacturing Market Report by The Business Research Company covers household appliances manufacturing market drivers and restraints, household appliances manufacturing market size, major players, and the impact of COVID-19 on the household appliances manufacturing market.
The household appliances market consists of sales of household appliances by entities (organizations, sole traders and partnerships) that produce household appliances such as electric housewares, washing machines and major household appliances. The household appliances industry comprises businesses that manufacture and sell household appliances such as microwave ovens, blenders, mixers and coffee/tea makers to end users for their personal use or domestic purposes.
The rising demand for frozen and ready-to-eat food is expected to contribute to the growth of the household appliances market in the forecast period. The fast-paced life style of individuals combined with the increasing preference for convenience, boosted the demand for microwavable foods globally. Microwavable foods such as frozen meals and soups require minimal cooking time and provide high nutritional benefit as they are involve little added fat. Other factors such as globalization, rising female workforce and increasing disposable income will also drive the market for microwavable foods. The global market for microwavable foods is expected to grow from $104.6 billion in 2017 to $142.4 billion in 2024. All these factors will boost the market for microwave ovens, which in turn will drive the market for household appliances in the forecast period.
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Some household appliances manufacturing market trends include growing popularity of smart home appliances. The increased popularity of smart appliances can be attributed to the increased demand for smart homes, the rise in internet and smartphone penetration, and energy efficiency initiatives. Moreover, household appliance manufacturers are increasingly offering premium appliances to cater to the growing demand for these product categories and increase revenues.
Global household appliances manufacturing market segments include:
1) By Type Of Appliance: Small Electrical Appliances, Household Cooking Appliances, Household Refrigerators And Home Freezers, Household Laundry Equipment, Other Major Household Appliances
2) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Household Appliances Manufacturing Opportunities And Strategies: Forecast To 2023 is one of a series of new reports from The Business Research Company that provides household appliances manufacturing market overviews, analyzes and forecasts market size, share, household appliances manufacturing market players, household appliances manufacturing market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The household appliances manufacturing identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Household Appliances Manufacturing Opportunities And Strategies: Forecast To 2023 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Whirlpool Corporation, Haier Smart Home Co., Ltd. (Qingdao Haier Co., Ltd.), Robert Bosch GmbH, Midea Group Co., Ltd., LG Electronics Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Household Appliances Manufacturing Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Household Appliances Manufacturing Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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