Major factors expected to drive growth of the global markets are growing number of smart phones users, rising disposable income, and increasing spending capacity. In addition, rising safety concern among consumers, coupled with growing demand for efficient appliances with high efficiency, durability, and that are eco-friendly and consume less power is another factor expected to support the market growth to a certain extent.

Technological advancements in electronic devices and manufacturers approach towards untapped market in developing countries are factors expected to create new opportunities in terms of revenue for players operating in the target market over the forecast period.

The market in Asia Pacific is expected to witness faster growth and India and China are expected to contribute major revenue shares to the Asia Pacific market. This can be attributed to increasing spending capacity among middle income group and presence of major players operating in emerging economies in this region.

The market research study on “Global Appliances Market (By Product: Home [Television, Washing Machine, Refrigerator, Air Conditioner, Others], Personal Care [Hair Care, Oral Care, Others], Smartphones, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026” offers detailed insights on global appliances market segments with market dynamics and their impact. The report provides insights on global appliances market by product and major geographic regions. The report also covers basic technology development policies.

Market Participants

The global appliances market is characterized by the presence of experienced and established players. Some of the key players include Whirlpool Corporation, LG Corp., Haier Group Corp., Samsung Electronics Co. Ltd., Midea Group, Electrolux AB, and BSH Hausgeräte GmbH.

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