The global home appliance market is estimated at USD 104.4 billion in 2019 and is projected to reach USD 196.4 billion by 2026, registering a CAGR of 9.4% from 2019 to 2026.
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Outlook of Home Appliance Market Share 2021 | StraitsResearch
1. Home Appliance Market Growth 2021 | Top Drivers, Industry Growth
And Regional Overview 2029 | StraitsResearch
StraitsResearch company lately announced the newest addition of a report titled,
“Home Appliance Market”, into its massive repository of research reports forecast. This
report estimates industry market value trends, growth trends and values, regional
market growth reason, major vendors competitive level, market share between the key
manufacturer, and future growth opportunity. Then, we refer to numerous primary and
secondary sources for market predicting and sizing, including but not restricted to user
reviews, historic market data, public financial records, and interviews with industry key
vendors.
2. Trends in Home Appliance Market
The global home appliance market is estimated at USD 104.4 billion in 2019 and
is projected to reach USD 196.4 billion by 2026, registering a CAGR of 9.4% from
2019 to 2026.
Competitive Landscape
Some of the major Companies in the Home Appliance Market are Qingdao Haier Co.,
Ltd, SAMSUNG ELECTRONICS CO., LTD, Whirlpool Corporation, AB Electrolux, Vestel,
Midea Group, Godrej.com, BSH Hausgeräte GmbH, Hitachi, Ltd, LG Electronics,
THERMADOR, GE Appliances (Haier Company), ASKO APPLIANCES, AEG (AB Electrolux),
JennAir, Dacor, Inc., Sub-Zero Group, Inc, Viking Range, LLC, Fisher & Paykel Appliances
Limited, SchulthessMaschinen AG, V-ZUG Ltd, Miele, SMEG S.p. A, Gaggenau, and
NEFF.
3. Segmental Insights Trends
The Home Appliance Market is Segmented By Product Type, By Price Range.
Impact of Covid -19
The outbreak of the COVID-19 pandemic is expected to hinder the growth of the global
UV curable inks market. The lockdown strategies and restrictions on physical
movements due to the COVID-19 pandemic have significantly decreased the production
of these inks due to a halt in production in other industries. Therefore, it is forecasted
to severely impact the demand for UV curable inks across the globe. The market is
inclined to experience demand as well as supply shocks due to temporary shutdowns of
factories. Therefore, the market is expected to observe fluctuations in its demand in
recent years.
Regional Insights
Geographically, the Home Appliance Market is segmented into five regions.
North America
Europe
Asia-Pacific
Central and South America and the Caribbean
The Middle East and Africa (MEA)
By Price Range:
- Low
- Medium
- High
By Product Type:
- Refrigerators& Freezers
- Washers& Dryers
- Dishwashers
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