Consumer Appliances

The small appliances market was less impacted by the Coronavirus pandemic compared to major appliances. It registered a decrease of 1.9% compared to 6.5% for the latter. A major driver was consumers buying small appliances to help with daily ...

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 ...

Given that growth in consumer appliances volume sales in Germany was already stagnating due to the high household penetration of many product types, the COVID-19 pandemic unsurprisingly resulted in a negative performance for the market as a whole in ...

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 ...

LG continues to innovate its product, from major appliances to small appliances. This drives the firm’s sales in the global market. To extend its market presence, LG introduces premium and built-in appliances for developed countries and invests ...

The report covers the five major consumer appliance categories, and considers the current state of the market, demand drivers and forecast to 2025. It examines the five key trends shaping major consumer appliances: Sustainability, new business ...

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. The pandemic led to an increase in ...

The rate of growth in retail volume sales of consumer appliances was almost unchanged between 2019 and 2020. However, this masks a significant divergence in performance between major and small appliances: Retail volume sales of the former declined at...

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 ...

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 ...

Consumer appliances will be negatively impacted by the COVID-19 pandemic in 2020 overall as volume sales decline drastically. The main reason for this is due to the economic repercussions of the pandemic as Portugal is a country with a high ...

Overall, consumer appliances has been negatively impacted by the outbreak of COVID-19, as most product areas have witnessed volume decline. The main reason for this has been due to store closures due to lockdown regulations. Between the months of ...

The COVID-19 pandemic has created profound shifts in the US economy, as cases have spiked, lockdowns continue, and unemployment remains at significantly elevated levels compared to before the pandemic. In terms of consumer spending, services have ...

COVID-19 had a broadly negative impact on consumer appliances in the Czech Republic in 2020. Growth in total volume sales was marginal, slowing sharply from 2019 and finishing well below the CAGR for the entire review period. This was primarily ...

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 ...

Consumer appliances was negatively affected by Coronavirus (COVID-19) in 2020. All categories registered a decline in retail volume sales over 2020, many for the first time in the review period, although product types that improve home living and ...

The volume sales performance of consumer appliances was mixed in 2020 although there was a small fall overall. Due to the outbreak of COVID-19, consumers were much less motivated to go out, leading to a considerable rise in the share of e-commerce, ...

The COVID-19 pandemic has exerted a very significant impact on daily life in Morocco, as well as on personal finances and the national economy. The government responded to the pandemic with very strong restrictions: people were forced to remain in ...

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 ...

COVID-19 had a significant negative effect on demand for consumer appliances in Mexico during 2020. The pandemic led to a plunge in consumer confidence during the spring, with no more than a partial recovery during the latter part of the year, and ...