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ELECTRIC HOUSEHOLD APPLIANCES

Global Market Trajectory & Analytics

MCP-2255

VALIDATED EXECUTIVE ENGAGEMENTS

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POOL + OUTREACH

22759

Interactions with Platform & by Email *

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2048

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PARTICIPANTS

455

Responses Validated *

VALIDATIONS

205

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  •  DATE

    MAY 2020

  •  TABLES

    339

  •  PAGES

    560

  •  EDITION

    16

  •  PRICE

    US$5450

COVID-19 IMPACT SURVEY MAY 2020
Amid the COVID-19 crisis and the looming economic recession, the Electric Household Appliances market worldwide will grow by a projected 347.6 Thousand Units, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 3.2%. Major Household Appliances, one of the segments analyzed and sized in this study, is forecast to grow at over 3.6% and reach a market size of 999.8 Thousand Units by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Major Household Appliances market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 2% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over 8.3 Thousand Units to the region's size over the next 7 to 8 years. In addition, over 8.7 Thousand Units worth of projected demand in the region will come from Rest of European markets. In Japan, the Major Household Appliances segment will reach a market size of 49.9 Thousand Units by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Electric Household Appliances market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 6.4% over the next couple of years and add approximately 114.6 Thousand Units in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Electric Household Appliances market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others, AB Electrolux; GE Appliances; Groupe SEB; Haier Group; Hamilton Beach Brands Inc.; Hitachi Appliances Inc.; Jarden Consumer Solutions; LG Electronics; Miele & CIE, KG; Mitsubishi Electric Corp.; Panasonic Corp.; Samsung Electronics Co., Ltd.; Whirlpool Corp.

SEGMENTS

» Category (Major Household Appliances, Small Household Appliances) » Product Segment (Washing Machines, Refrigerators, Room ACs, Irons, Vacuum Cleaners, Coffee Makers, Toasters, Mixers, Microwave Ovens, Can Openers (Electric), Blenders, Food Processors, Water Heaters (Electric), Range Hoods, Other Product Segments) » Distribution Channel (Specialty Store, Supermarket & Hypermarket, E-Commerce, Other Distribution Channels)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa
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