HP Tronic’s merger with Datart International was announced in July 2017, creating the second largest retailer of consumer appliances in the Czech Republic. HP Tronic is the operator of Euronics, e-shop Kasa.
Consumer appliances continued to perform well in the Czech Republic in 2018, supported by favourable economic growth and strong private consumption. Households are benefiting from the lowest unemployment rate of the past 20 years and a booming jobs market.
Rising consumer sophistication is fuelling interest in connected major and small appliances. Generally, the fastest growth has been seen among air conditioners and vacuum cleaners.
China-based Hisense recently increased its stake in Slovenian household appliances maker Gorenje to 95%. Hisense announced a takeover bid for Gorenje in May 2018, offering EUR12 per share, which valued the company at about EUR293 million.
In 2018, Czech retailers saw staggering growth after a decade of stagnation. This can be attributed to the unprecedented performance of the Czech economy and change in the behaviour of consumers.
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Discover the latest market trends and uncover sources of future market growth for the Consumer Appliances industry in Czech Republic with research from Euromonitor's team of in-country analysts.
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This industry report originates from Passport, our Consumer Appliances market research database.