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 moreMay 2013
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Following the post-recession re-stocking peak in 2010, the global production of major appliances continues growing, although at a much slower pace, thanks to China. Taking Asia Pacific out of the mix, the next region really driving global production growth is Latin America, thanks to a buoyant Brazilian production, challenging Western Europe as the second largest producer.
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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.
Following the post-recession re-stocking peak in 2010, the global production of major appliances continues growing, although at a much slower pace, thanks to China.
Taking Asia Pacific out of the mix, the next region driving global production growth is Latin America, thanks to buoyant Brazilian production, with the region challenging Western Europe as the second largest producer.
Between 2007 and 2012, Italy saw production decline by 3.6 million units annually, for a total of over 18 million. More than any other producer.
GD Midea is world’s largest major appliance producer, thanks to its significance as an OEM producer.
Over 2007-12 global output declined by 0.7%, annually and as retail sales remained flat, production is unlikely to see a strong rebound any time soon.
Outside Asia Pacific, the regions of Latin America and Eastern Europe show the best prospects, benefiting from growing internal demand.
In five years, Malaysia has become Asia Pacific’s second largest microwave producer. The country accounts for 70% of Samsung’s total production and 30% of Daewoo’s.
China’s dependence on exports to Japan and, even more importantly, to troubled Eurozone members makes export growth vulnerable to the performance of consumer markets whose outlook is quite gloomy.
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.