Following significant growth in small appliance sales, driven by home seclusion during the pandemic, major appliance players are looking to capitalise on consumer demand by entering or re-entering the small appliance market. Small appliances that reduce cognitive and physical effort, provide value from advances in connectivity, and are central to healthy and hygienic home systems are projected to experience strong growth in the forecast period.
This report comes in PPT.
Sustainability has emerged as a compelling and essential strategy for appliance manufacturers worldwide. With growing awareness and concerns about environmental impact, consumers together with other stakeholders are increasingly prioritising sustainable products and practices.
By understanding local markets, building strong distribution networks, collaborating with local partners and delivering affordable and value-driven products, these firms have achieved remarkable success on the global stage.
Consolidation also enables companies to expand their geographic reach and penetrate new markets. By merging with or acquiring companies operating in different regions, businesses can access new customer segments and distribution channels.
Consumer Appliances is the aggregation of major appliances and small appliances. Major appliances are an aggregate of the following categories: refrigeration appliances, home laundry appliances, dishwashers, large cooking appliances and microwaves. Small appliances are an aggregation of the following categories: food preparation appliances, small cooking appliances, vacuum cleaners, irons, personal care appliances, heating appliances and air treatment appliances.
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