San Francisco, 12
March, Appliances Market Size, Share & Trends Analysis Report By Product,
(Personal Care, Home Appliances, Smartphones), By Region (North America,
Central & South America, APAC, MEA), And Segment Forecasts, 2019 – 2025.
The global appliances market size is anticipated to
reach USD 1.81 trillion by 2025 registering a CAGR of 7.2%, according to a new
report by Grand View Research, Inc. Mounting demand for modern and technically
advanced appliances, owing to durability and comfort, is expected to augment
the market growth over the forecast period. In addition, increased disposable
income levels, improving standards of living, and rapid urbanization across the
globe are expected to contribute to the market expansion. Manufacturers in the
market have a global distribution network, which includes resellers,
company-operated stores, e-commerce, dealers, and value-added resellers.
They expand their distribution
network by offering brand equity, installed base, and product advancements.
Sales engineers work closely with customers to design and develop
application-specific products to match the particular requirements.
Energy-efficiency is a crucial factor influencing the global market.
Governments across the globe have enforced various stringent guidelines to
ensure energy-efficiency for household appliances, thus propelling consumers to
purchase only those goods fulfilling the minimum energy-efficiency regulations.
These guidelines are
implemented at various stages, including manufacturing, sales and operation, as
well as recycling, to help the companies in the market value chain. There are
various barriers as well as benefits of the energy-efficiency programs developed
by the policy-makers. Moreover, despite cost-effectiveness and several programs
being run by the governments across the globe to spread awareness regarding
energy-efficiency, the optimal outcome has not been achieved due to several
barriers during the implementation stage of these programs.
Access Full Research
Report On Appliances Market Analysis:
Further key findings from the study suggest:
·
In terms of revenue,
smartphones product segment is anticipated to reach USD 888.1 billion by 2025
expanding at a CAGR of 8.3% from 2017 to 2025
·
Television product segment led
the market, in terms of revenue, in 2016 owing to increased disposable income
·
The U.S. appliances market is
anticipated to exceed USD 261.4 billion by 2025 owing to the presence of
prominent manufacturers and suppliers in the country
·
Some of the key companies in
the global market are Whirlpool Corporation, Electrolux AB, Haier Group, BSH
Hausgeräte, LG Corp, Midea Group, and Samsung Electronics
·
Most of these companies have
undertaken several business strategies including M&A and product
development to strengthen their foothold in the global industry
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/electronic-devices
Grand View Research has segmented the
global appliances market on the basis of product and region:
Appliances Product Outlook
(Revenue, USD Million, 2014 - 2025)
·
Home appliances
o
Television
o
Washing Machine
o
Refrigerator
o
Air Conditioner
o
Others
·
Personal care appliances
o
Hair Care
o
Oral Care
o
Others
·
Smartphones
·
Others
Appliances Regional Outlook
(Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S
·
Europe
o
Germany
o
France
o
Italy
·
Asia Pacific
o
China
o
India
o
Japan
o
Malaysia
o
Philippines
o
Singapore
o
Thailand
o
Vietnam
o
South Korea
o
Taiwan
·
Central & South America
o
Brazil
·
Middle East & Africa
Browse Press
Release of this Report:
www.grandviewresearch.com/press-release/global-appliances-market
www.grandviewresearch.com/press-release/global-appliances-market
About Grand View
Research
Grand View
Research provides syndicated as well as customized research reports and
consulting services on 46 industries across 25 major countries worldwide. This U.S.-based
market research and consulting company is registered in California and
headquartered in San Francisco. Comprising over 425 analysts and consultants,
the company adds 1200+ market research reports to its extensive database each
year. Supported by an interactive market intelligence platform, the team at
Grand View Research guides Fortune 500 companies and prominent academic
institutes in comprehending the global and regional business environment and
carefully identifying future opportunities.
For more
information: www.grandviewresearch.com/
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