DUBLIN--(BUSINESS WIRE)--The "Global Home Appliances Market - Segmented By Product, Distribution Channel, and Geography - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global home appliances market was valued at USD 174.07 billion in 2017 and is projected to reach a value of USD 203.37 billion by the end of 2023, at a CAGR of 2.6% over the forecast period 2018-2023.
Use of connectivity as a differentiating feature by manufacturers, for example wireless technologies like Wi-Fi, Bluetooth, and ZigBee can be used in or accessed by smartphones and tablets. But the inclusion of these technologies in home appliances is a means of product differentiation by manufacturers, that is enticing tech-savvy consumers. The improvement in network infrastructure has translated into better broadband and internet penetration.
Only a few vendors like LG Electronics and Samsung Electronics have paved their way into the smart connected refrigerator space, with product offerings largely targeted at the developed markets. Also, the provision of smart connection in a refrigerator is more of an addition in terms of feature and not a breakthrough technology in mechanics.
The smart appliances market in Asia-Pacific is expected to grow at a rapid rate. Developed countries like Japan, Singapore, Hong Kong, and Indonesia are expected to register an increase in the sales of smart appliances, mostly owing to the rising energy and labor costs, high purchasing power of consumers, and greater awareness about smart cities and smart integrated appliances.
Companies Mentioned
- BSH Hausgerte GmbH
- Conair Corporation
- De'Longhi S.p.A
- Electrolux AB
- Haier Electronics
- Newell Brands
- V-Zug AG
- Joyoung Co.,Ltd
- Kppersbusch Hausgerte GmbH
- LG Electronics
- GD Midea Holding Co. Ltd
- Panasonic Corporation
Key Topics Covered:
1. Introduction
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
5. Global Home Appliances Market Segmentation
6. Competitive Intelligence - Company Profiles
7. Investment Analysis
8. Outlook of Home Appliances Market
For more information about this report visit https://www.researchandmarkets.com/research/cq99xn/global_home?w=4
