The global consumer appliances market is anticipated to grow at a CAGR of 6.2% during the forecast period (2020-2026). The rising technologically advanced consumer appliance demand is anticipated to significantly drive the growth of the consumer appliance market. Additionally, the rapidly changing lifestyles across the globe will also drive the growth of the consumer appliance industry.
Moreover, the rising disposable incomes in emerging countries coupled with an increase in the number of single and two-person households are considered as another influential factor for the consumer appliance market growth.
Browse the full report description of "Global Consumer Appliances Market Size, Share & Trends Analysis Report by Product Type (Air Solution, Entertainment, Laundry & Cleanliness, Connectivity, Water Solution, Kitchen Appliances, Grooming Accessories, Wearables, and Other Consumer Appliances), By Usage (Personal Care/Individual and Domestic Use), By Distribution Channel (Online and Offline), Forecast Period 2020-2026" at https://www.omrglobal.com/industry-reports/consumer-appliances-market
The trend of smart appliances that are from singular to multi-functionality in recent years is significantly driving the market. Following the trend, industry players are launching various smart appliances that are capable of multi-functionality. For instance, in September 2019, Amazon Inc. launched its smart oven which is not just a conventional oven, however, it can also be used as an air fryer, microwave, and food warmer all in one. Similarly, Samsung Electronics also offers a smart refrigerator called the Samsung Family Hub fridge which serves as a primary communication center for the home, letting families organize schedules while also alerting them what might is required to be added to their grocery list.
Market Coverage
o By Product Type
o By Usage
o By Distribution Channel
o North America
o Europe
o Asia-Pacific
o Rest of the World
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region/segment
Global Consumer Appliances Market Report Segment
By Product Type
o HVAC System
o Air Purifier
o Air Cooler
o Fans and Exhaust Fans
o Television
o Speaker, Smart Speaker & Radio
o Gaming Console
o Digital Camera
o Washing Machine & Dryers
o Dishwasher
o Vacuum Cleaner
o Smartphone
o Tablets
o Desktop & Laptop (& Accessories)
o Water Purifier
o Water Geyser
o Water Pump
o Refrigerators
o Microwave
o Mixer & Juicer
o Stove & Hobs
o Other
By Usage
By Distribution Channel
Global Consumer Appliances Market Report By Geography
North America
Europe
Asia-Pacific
Rest of the World
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