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Global Household Appliances Market (2021-2027) | Report, Size & 6Wresearch

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Global Household Appliances Market Overview

Global household appliances market is expected to register growth over the forecast period. The main growth factors that drive the global household appliances market are a rise in per capita income, growth in the housing sector, improved living standards, emerging technological advancements, a surge in need for comfort in day-to-day household chores, change in customer lifestyle as well as an escalating number of smaller households. Moreover, consumers tend to get attracted to eco-friendly and energy-efficient appliances, which are further, expected to provide a boost to the market. In addition, factors, such as government initiatives for energy-efficient appliances across the United States and several European countries, are expected to facilitate the adoption of energy-efficient appliances in recent years. Despite all these factors, the technological advances have increased prices which makes it difficult for many to afford. Also, the sales are plummeting due to the current COVID situation. The increased demand for household appliances led by the massive improvements made by many people in the developed and developing countries has led to an increased demand for the same, as a matter of fact, this has created pressure over the supply chains leading to almost two months waiting for products, which is, in case a materializing fact about the product market.

Global household appliances market is anticipated to register sound revenues in the upcoming six years on the back of an increase in the purchase of premium quality products with growing disposable income in developed and developing countries. Further, based on the countries, Latin America is estimated to gain traction owing to the growing number of working women who seek automatic and connected appliances with less manual involvement saves time and this is resulting in the purchase of the premium technically advanced appliances which are further expected to bolster the growth of the household appliances globally in the forthcoming years.

Key Highlights of the Report:

  • Global Household Appliances Market Outlook
  • Market Size of Global Household Appliances Market, 2020
  • Forecast of Global Household Appliances Market, 2027
  • Historical Data and Forecast of Global Household Appliances Revenues & Volume for the Period 2017 – 2027
  • Global Household Appliances Market Trend Evolution
  • Global Household Appliances Market Drivers and Challenges
  • Global Household Appliances Price Trends
  • Global Household Appliances Porter's Five Forces
  • Global Household Appliances Industry Life Cycle
  • Global Household Appliances Market

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