The Asia-Pacific consumer appliances market is anticipated to grow at a CAGR of 6.9% during the forecast period. The market growth is attributed to the growing household income as the trend of working women is rising across the region. Additionally, the growing middle-class population coupled with rapid urbanization and changing lifestyles also fuel the consumer appliance industry across the region. Besides, the developing retail channels are also providing consumers with easy access to goods which is also significantly driving the regional growth of the market.
A full report of Asia-Pacific Consumer Appliances Market is available at: https://www.omrglobal.com/industry-reports/asia-pacific-consumer-appliances-market
Owing to the increasing aging populations and health consciousness across the region, certain consumer appliances such as light fryers, bread makers, food processors, and other healthy function products are being benefitted from the trend, in turn driving the market growth. Furthermore, the demand for luxury, comfort providing connected consumer appliance products is experiencing a significant demand across the region. Convenience is becoming the top priority of the consumers while purchasing consumer appliances which in turn is fuelling the demand for technologically advanced products across the region.
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Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered-
o By Product Type
o By Usage
o By Distribution Channel
- Region Covered- Asia-Pacific
- Competitive Landscape-BBK Electronics Corp., Mitsubishi Electric Corp., Panasonic Corp., Daikin Industries, Ltd., Haier Group
Key questions addressed by the report
- What is the market growth rate?
- Which segment and country dominate the market in the base year?
- Which segment and country will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region and country
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Asia-Pacific Consumer Appliances Market Report Segment
By Product Type
- Air Solution
- Entertainment
- Laundry & Cleanliness
- Connectivity
- Water Solution
- Kitchen Appliances
- Grooming Accessories
- Wearables
- Other Consumer Appliances
By Usage
- Personal Care/Individual
- Domestic Use
By Distribution Channel
- Online
- Offline
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
