Product ID: UCMIG25H2007
Home Appliances Market Size, Share, Growth Analysis, By Type(Refrigerators, Washing Machines), By Seal Channel(Online Sales, Offline Sales), By Region(North America, United States) - Industry Forecast 2024-2031
Report ID:
UCMIG25H2007 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Home Appliances Market Insights
Market Overview:
Increased technological development, rapid urbanisation, housing market expansion, a rise in per capita income, improved living standards, a surge in demand for comfort in household chores, a shift in consumer lifestyle, and rise in the number of smaller households are the main factors propelling the global market for household appliances. Additionally, customer preference for eco-friendly and energy-efficient appliances contributes to the market's expansion. In addition, factors like government programmes for energy-efficient appliances in the U.S. and other EU nations are anticipated to make it easier for people to adopt energy-efficient appliances in the coming years. Smart appliances are a result of technological improvement, which is projected to drive market expansion throughout the upcoming years.
Home Appliances Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Household Appliances by segment aggregation, the contribution of the Household Appliances in Consumer Durables & Apparel and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Home Appliances Market Report Snapshots
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