Although overall consumer appliances saw a fairly static performance in 2021, major appliances saw a solid return to growth. JEMA, a major trade association of electrical manufacturers in Japan which tracks appliances data, as well as industrial electronics data, reported that the FY2020-2021 (April 2020 – March 2021) shipment value of home...
The home appliances market is expected to register a CAGR of more than 4% during the forecast period, 2021-2026, due to rising economies and evolving consumer lifestyles. COVID-19 has disrupted the global supply chain of the major home appliances and consumer electronic brands. China is one of the largest consumers and producers of...
Sales of microwaves dropped sharply in retail volume terms in 2020 as many people shifted away from purchasing non-essential items. Added to this, many companies experienced logistical challenges in 2020, especially during the lockdown, with this resulting in supply shortages in some instances, further exacerbating the problem. Microwaves...
Following a decline at the height of the pandemic in 2020, demand for consumer appliances improved in 2021, as the economy began to recover from a disastrous year of turmoil. The resumption of sales of non-essential products, combined with the development of e-commerce, facilitated volume growth across all categories. Consumer Appliances...
There was a time when functions meant value in appliances. Microwaves were first released around 1960 in Japan, beginning with business use and expanding to consumer use. At the time these were considered super premium products and were not affordable by most households. Over the decades the price settled down and became affordable by many...
China’s demand for Household Appliances has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption...
The COVID-19 pandemic has had a very significant impact on daily life in Morocco, as well as on personal finances and the national economy. The government responded to the pandemic with tough measures in 2020, with people forced to remain in their homes unless they had a valid reason to go outside. Permissions to leave the home needed to be...
The demand for microwaves significantly improved in 2021, registering double-digit retail volume and current value growth, as the economy began to reopen and many employees returned to their places of work. As a result, the pace of life picked up significantly compared to 2020 when the nation was on lockdown for most of the year. This scenario...
As was the case in 2020, there was a significant divergence in the performance of major appliances and small appliances during 2021. During 2020, retail current value sales of major appliances declined, while the rate of growth in retail current value sales of small appliances accelerated to its fastest rate in eight years. Consumer...
Sales of air treatment products slumped in 2020 with consumers unable or unwilling to visit stores for much of the year due to COVID-19, while most consumers saw a drop in their disposable income. Added to this, there were logistical challenges brought about by the pandemic which impacted supplies. Air treatment products are considered somewhat...