TBRC Home Appliances Market Report covers Home Appliances Market Size, Drivers, Restraints, Key Players and COVID-19 Impact.
LONDON, GREATER LONDON, UK, Sept. 21, 2022 /EINPresswire.com/ —
According to The Business Research Company’s “Global Home Appliances Market Report 2022”, the home appliances market is expected to grow from $502.28 billion in 2021 to $557.70 billion in 2022 at an annual growth rate. compound (CAGR) of 11.0%. The market is primarily driven by companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive lockdown measures involving social distancing, remote working and business closures. business activities that resulted in operational challenges. Household Appliances Market Outlook The market is expected to reach $818.87 billion in 2026 with a CAGR of 10.1% Rising trend of outdoor parties and barbecues on weekends and holidays is expected to drive the barbecues and grills market over the forecast period.
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Key Household Appliances Market Trends
Appliance manufacturers are integrating LED lights into their products to minimize power consumption. LED lights require less power than CFLs or incandescent bulbs. Appliance manufacturers are focusing more on introducing products with LED lighting for minimum power consumption and improved visual appearance.
Home appliance market overview
The household appliances market consists of sales of household appliances by entities (associations, sole proprietorships and general partnerships) that produce small household appliances, household appliances and large household appliances.
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TBRC Global Household Appliances Market Report 2022 covers the following insights:
Market Size Data
• Forecast period: historical and future
• By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
• By country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, USA.
• By type: small household appliance, household cooking appliance, household refrigerator and freezer, household laundry equipment, other major household appliances
• By application: cooking, cleaning, other
• By mode: online, offline
• Sub-segments covered: household-type fans, household-type vacuum cleaners, other small household-type electrical appliances, electric cookers, microwave ovens, barbecues and grills, other household cooking appliances, refrigerators, freezers, coolers, combinations refrigerator/freezer, washing machines, ironers, dryers, other household laundry equipment, dishwashers, disposable bins, water heaters, all other major appliances
• By Geography: The global home appliance market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific holds the largest market share.
Major market players such as Samsung Electronics Co. Ltd., Haier Smart Home Co. Ltd., LG Electronics, Qingdao Haier Co. Ltd., Daikin Industries Ltd, Whirlpool Corp, Midea Group co ltd, Robert Bosch GmbH, Apple and Electrolux AB.
Trends, opportunities, strategies and much more.
The Global Home Appliances Market Report 2022 is one of the comprehensive reports by The Business Research Company that provides an overview of the Home Appliances market. The market report gives an analysis of the global Home Appliances market, Home Appliances market size, Home Appliances market growth drivers, Home Appliances market segments, Home Appliances market major players, the Home Appliances Market growth across all geographies and Home Appliances market competitors’ revenue and market positioning. The Home Appliances Market research report allows you to gain insight into opportunities and strategies, as well as identify countries and segments with the highest growth potential.
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About the Business Research Company
The Business Research Company has published over 3,000 industry reports covering over 3,000 market segments and 60 geographies. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. Reports are updated with a detailed analysis of the impact of COVID-19 on various markets.
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