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The Global Household Appliance Market is expected to grow by USD 89.50 bn during 2021-2025, decelerating at a CAGR of over 4% during the forecast period
Global Household Appliance Market 2021-2025 The analyst has been monitoring the household appliance market and it is poised to grow by USD 89. 50 bn during 2021-2025, decelerating at a CAGR of over 4% during the forecast period.
New York, Nov. 23, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Household Appliance Market 2021-2025" - https://www.reportlinker.com/p05713253/?utm_source=GNW
Our report on the household appliance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by product innovation and advancement leading to portfolio extension and product premiumization and increased adoption of integrated smart home technology. In addition, product innovation and advancement leading to portfolio extension and product premiumization is anticipated to boost the growth of the market as well.
The household appliance market analysis includes the product and distribution channel segments and geographic landscape.
The household appliance market is segmented as below:
By Product
• Major household appliances
• Small household appliances
By Distribution Channel
• Offline
• Online
By Geographical Landscape
• APAC
• Europe
• North America
• South America
• MEA
This study identifies the increased adoption of integrated smart home technology as one of the prime reasons driving the household appliance market growth during the next few years.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on household appliance market covers the following areas:
• Household appliance market sizing
• Household appliance market forecast
• Household appliance market industry analysis
This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading household appliance market vendors that include AB Electrolux, Haier Smart Home Co. Ltd., Hitachi Ltd., LG Electronics Inc., MIDEA GROUP, Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Transform SR Brands LLC, and Whirlpool Corp. Also, the household appliance market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Read the full report: https://www.reportlinker.com/p05713253/?utm_source=GNW
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