Consumer appliances will witness a strong decline in 2020 due to COVID-19. The pandemic resulted in thousands of job losses and economic hardship across the country. This led to many households limiting their purchases to essential products, such as food and personal/home-hygiene items. Consumer appliances are generally not considered essential...
Given that growth in consumer appliances volume sales in Germany was already stagnating due to the high household penetration of many product types, the COVID-19 pandemic unsurprisingly resulted in a negative performance for the market as a whole in this regard in 2020. There were mixed factors at play, however, and it was not just a straightforward...
Consumer appliances was negatively affected by Coronavirus (COVID-19) in 2020. All categories registered a decline in retail volume sales over 2020, many for the first time in the review period, although product types that improve home living and hygiene, offer entertainment or facilitate family activities, especially around meals, or more...
COVID-19 had a significant negative effect on demand for consumer appliances in Mexico during 2020. The pandemic led to a plunge in consumer confidence during the spring, with no more than a partial recovery during the latter part of the year, and this made consumers more reluctant to purchase big ticket items like large consumer appliances. Consumer...
COVID-19 had a marked impact on consumer appliances in China in 2020. However, its effect varied widely across categories. The lockdown measures introduced in the first half of the year to limit the spread of COVID-19 had a considerable negative impact on several categories due to the closure of physical retail stores, the suspension of the...
Growth in retail volume sales of consumer appliances will slow during 2020, with small appliances bearing the brunt of this. Demand for air purifiers has been particularly badly affected by the pandemic, with public health experts warning that these appliances could help to spread the virus. Window air conditioners will be by far the top performer...
Consumer appliances will be negatively impacted by the COVID-19 pandemic in 2020 overall as volume sales decline drastically. The main reason for this is due to the economic repercussions of the pandemic as Portugal is a country with a high dependency on tourism. With international travel bans in place, the tourism industry has suffered greatly...
Consumer appliances will be negatively impacted overall by the COVID-19 pandemic, with some product areas being more affected than others. Larger appliances for example have been more impacted due to their higher price points. Refrigeration appliances and home laundry appliances for example will see declining volume sales in 2020 overall as...
The rate of growth in retail volume sales of consumer appliances was almost unchanged between 2019 and 2020. However, this masks a significant divergence in performance between major and small appliances: Retail volume sales of the former declined at an accelerated rate in 2020, as the economic uncertainty engendered by COVID-19 left some...
Due to the outbreak of COVID-19 in 2020, consumer appliances recorded a volume decline of 3%, compared to positive growth of 2% in 2019. This was the result of the slowdown in economic activity, with expatriates losing jobs, companies downsizing and consumers delaying their purchases due to increased price-sensitivity and financial insecurity....