DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Household Appliances market - By Products, Regions and Players - Market Size, Demand Forecasts, Industry Trends and Updates(2014-2020)" report to their offering.
The global household appliances market is estimated to reach 343.98 billion USD by 2020 at a CAGR of 6.1% for the forecasted period. The global demand for appliances increased significantly. Home comfort segment depicted the highest growth rate among all 5 sectors in 2014. The market is expected to grow majorly in developing countries like China, India and the Middle East.
The markets can be categorized by two sectors - the mature markets which mainly consist of Europe, America and Australia here the growth is low and sales are dominant by replacement, and then there are the growth markets which is India, China and the Middle East, in 2014 the demand in these markets accounted for 70% of the appliances.
The major driver of this industry is the rise in per capita income in developing countries, which has lead to consumer spending. Housing activities have always been there, and appliances like these are making life easier hence increasing the demand for these products. Increasing urbanization, rising working class population and new product development are also one of the factors for the growth in this market.
However a major constraint is the cost of the appliances, to make these products it takes great technological tools, which come at a great cost. The competition is very high as the five largest manufacturers of appliances in the world account for almost half of the global sales.
Key Topics Covered:
1. Market Size, Demand Forecasts, Industry Trends and Updates(2014-2020)
2. Market Overview
3. Market Dynamics
4. Global Household Appliances market Segmentation, Forecasts and Trends - by Revenue
5. By Products
6. By Region
7. Vendor Market Share Analysis
8. Company Profiles
9. Industry Structure
10. Industry M&As, Consolidations
11. Investment Opportunities
12. Global Household Appliances market - Road Ahead
Companies Mentioned:
- Bosch
- Electrolux
- General Electric
- Gold Star
- Gree Electric
- Haier
- Hitachi
- LG Electronics
- Panasonic
- Samsung Electronics
- Sharp Corporation
- Siemens
- Tiger
- Toshiba Corporation
- V-Guard
- Walton group
-
Whirlpool
For more information visit http://www.researchandmarkets.com/research/nzzsxn/global_household
