The COVID-19 pandemic negatively impacted major appliances significantly in the UK in 2020. Numerous factors affected the overall decline of all categories across major appliances. First, due to the economic shock of COVID-19, there was a growing uncertainty amongst consumers with regard to purchasing big-ticket items as most are expensive...
In 2020, the impact of COVID-19 on consumer appliances is contradictory in Israel. Although the pandemic resulted in higher rates of unemployment, movement restrictions led consumers to purchase fewer clothes, and fewer purchases were made in regard to vacations, hotels, flights, so consumers were forced to focus their purchases elsewhere....
Overall, sales of consumer appliances were negatively impacted by the impact of COVID-19 during 2020, with demand falling slightly as a result of subsequent lockdown measures and rise in consumer price sensitivity and uncertainty. While non-essential retailers, such as channel electronics and appliance specialist retailers, were unable to...
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....
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 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...
Retail volume sales of consumer appliances declined for the second year in a row during 2020, posting their worst performance in more than a decade. The economic uncertainty engendered by the pandemic significantly undermined consumer confidence, leading some to postpone purchases of big-ticket items, particularly when they were discretionary...
Retail volume sales of consumer appliances in Saudi Arabia faced two significant headwinds during 2020 – COVID-19 and a hike in the rate of value added tax (VAT) from 5% to 15% that was implemented in July. Consumer Appliances in Saudi Arabia report offers a comprehensive guide to the size and shape of the market at a national level....
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...
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...