The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
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Learn moreSep 2019
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Over 2013-2018, there were strategic decisions made by manufacturers in the production of consumer appliances. There have been a number of plant relocations, closures as well as expansion in consumer appliances triggered by factors such as production costs, increased demand for consumer appliances in addition to political tensions in producer countries. This report will review the production landscape in the past five years and share prospects for the future landscape.
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
Asia Pacific is clearly the major production hub for the global consumer appliances market. The greatest number of appliances are produced in Asia Pacific, especially in China. This is due to multiple factors including growing consumer demand as well as business-favourable dynamics such as cheaper labour costs and government support for foreign investment.
The Middle East and Africa produces a small quantity of appliances compared to other regions, however, it is showing the fastest growth and accelerating in pace. Governments are constantly increasing their efforts to encourage investment in local production for economic development.
Despite risk and uncertainty over political situations and protectionism policies, re-allocation of production seeking cost-efficiencies will continue to happen within regions as well as across regions. In Asia Pacific, China will continue to grow, while Southeast Asian countries such as Thailand and Vietnam are rising as attractive alternatives given the US-China trade war tensions. In Europe, Turkey and Poland are growing their attractiveness as production bases leveraging affordable workforces and geographical merits.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.