The global white goods market reached a value of US$ 647.5 Billion in 2021. Looking forward, the analyst expects the market to reach a value of US$ 923.7 Billion by 2027 exhibiting a CAGR of 5.80% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect...
The Global Beverage Coolers market outlook report presents a roadmap of the Beverage Coolers industry with information on key market opportunities, potential market trends, key strategies, and leading companies. It also presents the annual outlook of Beverage Coolers markets across different types and applications across 19 countries worldwide. The...
Following a double-digit decline in 2020, demand for air treatment products improved in 2021, mainly driven by split air conditioners, the largest category. As the focus continued to be on the home as many employees now work remotely on a permanent basis, many consumers decided to upgrade their air conditioners, which they had postponed at...
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...
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...
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...
It is not exaggerating to say that some categories in air treatment products experienced the largest impact from COVID-19 and its aftermath. Simply in terms of growth, air purifiers and humidifiers saw significant double-digit retail volume growth in 2020. A notable fact is not only the spike in growth these two categories saw in 2020, but...
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...
North America is the fastest-growing region for the luxury appliance market and is expected to grow by a CAGR of 5.31% by 2026. The Luxury Appliance market in North America is dominated by two big economies namely, America, and Canada. The Appliance market is mature and homogeneous with high product penetration and dominated by replacement...
With local consumers spending more time at home due to COVID-19 restrictions, retail volume sales of air treatment products exhibited their most rapid rate of growth in well over a decade during 2020. With daily life normalising somewhat and Canadians spending less time at home, it was inevitable that demand growth would ease in 2021. Air...