Home seclusion, one of the most relevant consequences of COVID-19, had a strong impact on the demand for consumer appliances in Brazil in 2020. On one hand, with more time spent at home consumers were encouraged to update their existing consumer appliances, or to invest in new ones. On the other hand, it also negatively impacted consumer confidence...
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 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...
The impact of COVID-19 has been significant in Argentina in 2020, both in the overall economy and in the consumer appliances industry. Although Argentina’s economy was expected to fall prior to COVID-19, the pandemic has sharpened the expected decline. Consumer Appliances in Argentina report offers a comprehensive guide to the size...
COVID-19 had a significant negative effect on retail volume sales of dishwashers in 2020, as the economic uncertainty it engendered led many consumers to postpone discretionary purchases. The pandemic also led to a significant decline in housing completions – an important source of demand for dishwashers. Dishwashers in Saudi Arabia...
The region has recovered from economic uncertainties. Over the forecast period, improved stability is expected to continue driving consumer spending. Store-based retailing maintained dominance. Nonetheless, online retail has been gaining importance, contributing higher share in Israel and Saudi Arabia. Product wise, energy efficiency continued...
Despite social, economic and political turbulence during the review period, sales of major appliances in Latin America returned to growth in 2018, with further growth expected in the near future. Much depends on Brazil, which, given the size of the market, exercises considerable influence on the overall region’s performance. Major Appliances...
Despite being the second most populated region after Asia Pacific, MEA accounts for a very marginal share in consumer appliances, both in volume and value. However, the region anticipates the second most dynamic growth in consumer appliances over 2014-2019, making it a strong hot spot for the industry. With very low possession rates and growing...
Summary Essar Group (Essar) is a multinational conglomerate. The group operates in macro industry sectors namely, Steel, Energy, Infrastructure, Service and other business. It manufactures flat carbon steel, with specialization in cold rolling, galvanizing and pre-coated segments. The steel products offered by the group serves...