(EnergyIndustry.Net, March 14, 2019 ) Home Appliance is electrical/mechanical machine which accomplish some household functions, such as cooking or cleaning. Home appliances can be classified into: major appliances, small appliances, and consumer electronics.
This division is also noticeable in the maintenance and repair of these kinds of products. Major appliances usually require high technical knowledge and skills. They get more complex with time, such as going from a soldering iron to a hot-air soldering station. While consumer electronics may need more practical skills and "brute force" to manipulate the devices and heavy tools required to repair them.
The market of Home Appliance has experienced a steady growth over the past years, and the trend is forecasted to continue in the following decade.
Worldwide, China is the largest consumption market of Home Appliance, driven by the high consuming capacity and desire for convenient life style. The market of Asia (EX. China), etc. are also developing fast.
To Home Appliance industry, the transformation from traditional appliances to smart appliances is considered a revolutionary trend; and that’s the reason why most home appliances enterprises are rushing to develop and seize market share.
According to this study, over the next five years the Home Appliance market will register a 5.3% CAGR in terms of revenue, the global market size will reach US$ 837000 million by 2024, from US$ 615100 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Home Appliance business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Home Appliance market by product type, application, key manufacturers and key regions and countries.
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3. Haier Whirlpool Midea Panasonic GE SAMSUNG SONY LG BSH Hisence Electrolux Philips Gree TCL Changhong SKYWORTH Meling
This study considers the Home Appliance value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7. Kitchen Appliances Refrigerators Washing Machines Television Air Conditioners Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8. Cooking Food Storage House Maintenance Entertainment Cleaning Others
Table of Contents: 1 Scope of the Report 2 Executive Summary 3 Global Home Appliance by Players 4 Home Appliance by Regions 5 Americas 6 APAC 7 Europe 8 Middle East & Africa 9 Market Drivers, Challenges and Trends …Continued
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