DUBLIN, March 16, 2022–(BUSINESS WIRE)–The Report “Europe Home Appliance Touchscreen Market Forecast to 2028 – Impact of COVID-19 and Regional Analysis by Display Technology, Product and Display Size ” has been added to from ResearchAndMarkets.com offer.
Europe Home Appliance Touchscreen Market was valued at US$146.0 Million in 2020 and is projected to reach US$402.3 Million by 2028; it is expected to grow at a CAGR of 13.0% from 2021 to 2028.
The growing attention to healthy eating habits has led to the development of a new range of cooking techniques, technologies and appliances. In Western Europe, the market is fragmented due to distinct consumption requirements between countries and brands, manufacturers and retailers. A dramatic shift in consumer purchasing power, strong awareness of digitization of home and kitchen appliances, and access to online information are driving the purchase of touchscreen home and kitchen appliances. Eastern Europe is growing more slowly than Western Europe.
New models of appliances such as refrigerators, ovens and coffee machines have an integrated touch screen to make the user experience seamless and efficient. Currently, refrigerators are equipped with high-definition LED touch screens. The development of such products would drive the growth of the European touch screen market for home appliances. In addition, the installation of touch screens on devices by manufacturers attracts the attention of a large number of buyers.
The touchscreen for home appliance market is segmented on the basis of display technology, product, and screen size. Based on display technology, the market is divided into resistive and capacitive. The capacitive segment held a larger market share in 2020 as capacitive touchscreens are more accurate and respond instantly to light touch with a human finger. In terms of product, the touch screen for home appliance market is segmented into refrigerators, washing machines, dishwashers, ovens and microwaves, and coffee machines. In 2020, the oven segment held the largest share.
European households are investing in the smart home and have the potential to invest more in smart kitchen appliances such as ovens. Depending on the screen size, the touch screen for the home appliance market is divided into under 7 inch and 7 inch and above. The 7-inch+ segment market is expected to experience the fastest growth as large screens become integrated into major appliances such as refrigerators and ovens.
Europe is an important manufacturing and industrial center for several industries such as industrial equipment, automotive, construction, and energy and electricity. However, due to business closures, including manufacturing, supply chain, logistics and after-sales services, as well as research and development activities, the region has seen a decline in the industries mentioned above. -above. In addition, containment measures aimed at curbing the spread of the new coronavirus have hurt the manufacture of household appliances.
In 2019, more than 140 home appliance manufacturing units were established in countries like Italy, France, Germany, Poland and Turkey. Each country mentioned had more than 10 manufacturing units in its territory. However, due to travel bans and the temporary closure of manufacturing units, manufacturing activities have seen a decline. Declining production of basic components such as compressor, thermostat, water pump, vanes, convection fan and fan blades, as well as advanced products such as sensors and display, has led to a reduction in the overall manufacture of household appliances. Turkey, Russia, Switzerland and Norway are among the main export destinations for wholesale and small household appliances.
The overall market size of touch screens for home appliances has been derived using primary and secondary sources. To begin the research process, extensive secondary research was conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also aims to obtain a global and forecast view of the European touch screen market for household appliances across all segments.
Additionally, primary interviews were conducted with industry participants and commentators to validate the data as well as gain more analytical insights on the topic. Participants in this process include industry experts such as vice presidents, business development managers, business intelligence managers and country sales managers, as well as external consultants such as valuation experts, market analysts research and key opinion leaders, specializing in the European touchscreen for the home appliance market.
Key market dynamics
For more information about this report, visit https://www.researchandmarkets.com/r/mg1i81.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220316005852/en/
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