Global Home Appliances Market 2018-2023: Focus on Kitchen Appliances, Washing Appliances & Entertainment Appliances - ResearchAndMarkets.com

June 6, 2018

DUBLIN--(BUSINESS WIRE)--Jun 6, 2018--The “Global Home Appliances Market - Segmented By Product (Kitchen Appliances, Washing Appliances, Entertainment Appliances), Distribution Channel (Direct Selling, Supermarkets, E-Commerce), and Geography - Growth, Trends and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering. The Global Home Appliances Market was Valued at USD 174.07 Billion in 2017 and is Projected to Reach a Value of USD 203.37 Billion by the End of 2023, at a CAGR Of 2.6% over 2018-2023

The global home appliances market is experiencing steady growth with the growing middle-class economy, improved disposable income levels in a number of countries, increase in labor costs, busier lifestyles, and the availability of a range of home appliances at competitive prices. With increasing digitalization, consumers have become tech-savvy and have strong knowledge regarding the use and benefits of all modern appliances. The number of smart appliances introduced in the market has increased steadily since 2012. The emergence of smart homes is aiding the proliferation of smart appliances, which can be connected to the end-user’s smartphone and monitored remotely. Use of connectivity as a differentiating feature by manufacturers Wireless technologies like Wi-Fi, Bluetooth, and ZigBee can be used in or accessed by smartphones and tablets. But the inclusion of these technologies in home appliances (like air conditioners) is a means of product differentiation by manufacturers, that is enticing tech-savvy consumers. The improvement in network infrastructure has translated into better broadband and internet penetration. Therefore, consumers are increasingly opting for wireless and technologically advanced products, mostly for the convenience it offers. Key Developments in the Market

January 2018 - Whirlpool Corporation announces collaboration with Honeywell to expand its smart home appliance ecosystem. January 2018 - Electrolux has announced to acquire Schneidereit GmbH, a supplier of laundry rental solutions for professional customers in Germany and Austria.

Key Topics Covered:

1. Introduction 2. Research Approach and Methodology 3. Executive Summary 4. Market Dynamics 5. Global Home Appliances Market Segmentation 6. Competitive Intelligence - Company Profiles 7. Investment Analysis 8. Outlook of Home Appliances Market

Companies Mentioned

BSH Hausgerte GmbH CLATRONIC International GmbH Conair Corporation De’Longhi S.p.A Electrolux AB Franke Holding AG GD Midea Holding Co., Ltd Groupe SEB Haier Electronics Joyoung Co.,Ltd Kppersbusch Hausgerte GmbH LG Electronics NACCO Industries, Inc. Newell Brands Panasonic Corporation Samsung Electronics V-Zug AG Whirlpool Corporation

For more information about this report visit https://www.researchandmarkets.com/research/hzq7r6/global_home?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180606005716/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Manager


For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:E-Business,Household Appliances



SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 06/06/2018 08:49 AM/DISC: 06/06/2018 08:49 AM


Update hourly