Restrictions on movement, particularly between April and June when strict lockdowns were in place in major cities, forced consumers to stay at home, which temporarily negatively impacted demand in 2020. However, demand for consumer appliances has been more permanently and severely hit by the negative impact of Coronavirus (COVID-19) on consumers’...
Prior to the emergence of the pandemic, Chile had already experienced notable disruption with the last quarter of 2019 seeing a social outbreak that impacted the performance of consumer appliances, resulting in low volume decline. Various protests including looting and vandalism, resulted in disruption to transport, supply chains and distribution. Consumer...
Negative sales growth was recorded across consumer appliances in Singapore during 2020 as the COVID-19 pandemic had a generally negative impact on sales. Major appliances was hardest hit, with built-in major appliances recording particularly serious volume sales declines as delays in the completion of residential housing developments due to...
The ceiling fans market was valued at US$ 10,189.33 million in 2019 and is projected to reach US$ 16,172.19 million by 2027; it is expected to grow at a CAGR of 6.0% from 2020 to 2027. Ceiling fans facilitate air circulation and create a cooling effect by accelerating sweat evaporation and heat exchange through convection.Ceiling fans...
Consumer appliances in Spain witnessed double-digit drops in both current value and retail volume terms in 2020, attributed to the impact of the pandemic and subsequent lockdown for several months from March. While non-essential retailers, such as dominant distribution channel electronics and appliance specialist retailers, were forced to...
In general, demand for consumer appliances was negatively affected by COVID-19 during 2020, primarily due to its impact on consumer confidence. With consumers reining in their discretionary spending and postponing big-ticket purchases, demand for major appliances was particularly hard hit, with retail volume sales of microwaves and refrigeration,...
COVID-19 had a significant negative effect on retail volume sales of consumer appliances in Egypt during 2020, as lockdown measures resulted in a significant contraction in economic activity. This significantly affected consumer confidence, leading many consumers to rein in their discretionary spending. Consumer Appliances in Egypt...
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....
A weak performance by consumer appliances in 2019, driven by a depressed housing market and low consumer confidence, was exacerbated by the emergence of the pandemic and subsequent lockdown in 2020, which resulted in stronger declines across the market, despite some signs in January that sales of consumer appliances were starting to pick up. Consumer...
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....