September 20th, 2016
Realising the great opportunities offered by the Internet of Things (IoT) and Industry 4.0, Midea Group Co Ltd has established a “dual-smart” corporate strategy to develop connected appliances in the direction of smart appliances and connected manufacturing in 2015. Although LG Corp and Samsung Corp are still leading global connected appliances development, Chinese rivals, including […]
August 31st, 2016
Years after rising to prominence, the global obsession with matcha – or powdered green tea – shows no sign of abating. Trendy matcha cafés continue cropping up across North America, Western Europe and Asia, inspiring a wave of new culinary creations.
August 26th, 2016
Swedish air purifier company, Blueair Inc announced last week that it is to be acquired by Unilever Group. The acquisition seems rather unique compared to other mergers and acquisitions happening in the consumer appliances industry as Unilever’s business is more focused on consumer goods like home care products and beauty and personal care products than […]
August 19th, 2016
Although it failed to obtain US antitrust approval within the agreed deadline to acquire the GE appliances business in late 2015, Electrolux AB has been actively hunting for acquisitions as well as developing connected appliances in order to improve its global competitiveness.
August 18th, 2016
In August 2016, Samsung Corp announced the acquisition of Dacor Inc in consumer appliances. Both companies are compatible in terms of product offering as well as target consumers in the US. By acquiring Dacor, Samsung gains a number of advantages, namely leveraged brand and product strategy especially in large cooking appliances, shared production capacities and […]
August 7th, 2016
With stable growth expected in this year, the consumer appliances industry has been dynamic in the first half of 2016. Several mergers and acquisitions have happened, especially with Asian major appliances companies which will impact the global competitive landscape. European regions are expected to be impacted by the recent Brexit vote and the slow […]
July 30th, 2016
In 2015, there were over 290 million households with an annual disposable income below US$10,000 (in purchasing power parity – PPP terms) who can barely afford discretionary spending (that is, spending on items other than food, non-alcoholic beverages and housing).
July 23rd, 2016
According to Euromonitor International data, small cooking appliances and food preparation devices are expected to grow robustly over the next five years. Manufacturers are using new technology in order to satisfy consumer demand; mini-versions of products being a prime example. SEB Group recently launched various sizes of its light fryers, targeting two-person households. Oster, Ninja […]
June 28th, 2016
Electric toothbrushes is expected to post a volume CAGR of 4% over 2015-2020. Developed markets, namely Germany, the US, the UK and France are the major markets currently and are expected to drive the growth over the forecast period.
June 19th, 2016
Less than a year after its launch, Keurig Green Mountain announced it is withdrawing from the market its Keurig Kold at-home pod sparkling beverage maker.