Growth Opportunities in the Global Appliances Market

The global appliances market is expected to experience a CAGR of 6.1% over the next five years and the industry revenue is forecast to reach an estimated $384 billion in 2017. Favorable demographics, rising consumer incomes, and changing lifestyle is expected to drive the industry over the forecast period.
 
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ucintel, a leading global management consulting and market research firm, has analyzed the global appliances market and presents its findings in “Global Appliances Market 2012-2017: Trend, Profit and Forecast Analysis.”
 
The appliances industry consists of cooking appliances, refrigeration, laundry appliances, home comfort appliances, and others. The industry is capital intensive and fragmented as thousands of players are competing with each other to uphold their place in the market. Rising consumer incomes and changing lifestyle mainly drive the demand, and maintaining balance between price and quality is the biggest challenge for the industry.
 
APAC is expected to grow at the highest rate due to the fast growing middle class, availability of skilled manpower, and market oriented stable economy in China, Japan, India, Malaysia, Singapore, etc. Government subsidies for households in China to buy household appliances are anticipated to boost the sales. The Indian appliances industry is expected to grow due to easy availability of finance drop in prices due to increased rivalry. South Korea, China, India, and Hong Kong are expected to drive growth in Asia in the appliances industry. APAC is also expected to emerge as a hot destination for established companies to setup their production unit due to low labor and manufacturing costs.
 
Refrigeration is forecast to witness the highest growth during the next five years. Cooking appliances industry represents good growth prospects during the forecast period. This industry is directly proportional to housing start and increase in housing start is providing opportunity to grow.
 
This comprehensive guide from Lucintel provides readers with valuable information and the tools needed to successfully drive critical business decisions with a thorough understanding of the market’s potential. This report will save Lucintel clients hundreds of hours in personal research time on a global market and it offer significant benefits in expanding business opportunities throughout the global appliances industry. In a fast-paced ever-changing world, business leaders need every advantage available to them in a timely manner to drive change in the market and to stay ahead of their competition. This report provides business leaders with a keen advantage in this regard by making them aware of

emerging trends and demand requirements on an annual basis.
 
To make any investment or strategic decision, you need adequate and timely information. This market report fulfills t

his core need. Some of the features of appliances market report are: