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Consumer Appliances

Showing 1 - 32 of 196 documents
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Hisense Group: Another Chinese Manufacturer to Watch

During CES 2017, hosted in January 2017, in addition to its latest laser television products, Hisense showcased its newest connected fridge freezers, built with built-in voice control capability, which can receive user voice commands. They can also interact with users to recommend dishes based on scanned available food ingredients found in them and family members’ health […]
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Top 3 Markets by Kitchen Penetration Growth in 2017

Euromonitor International has identified the world’s top three markets by household kitchen penetration growth in 2017. Based on factors such as growth of kitchen possession, associated facilities and kitchen-based durables penetration, the leading markets are Ethiopia, Uganda and Pakistan. These frontier markets are opening up new opportunities for providers of household goods and services, particularly kitchen […]
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China Smart Consumer Appliances Growing in Popularity

With the increasingly fast pace of modern life, more domestic consumers are seeking to reduce time spent on household chores. Smart consumer appliances are thus growing in popularity among local households, with more Wi-Fi connected products that allow for remote control being introduced. Refrigeration appliances, home laundry appliances, air treatment products and rice cookers are […]
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Who Dominates Global Built-In Refrigeration Appliances Sales?

Global built-in refrigeration appliances sales grew 3% year-on-year in 2015/2016, outperforming the 1% growth in freestanding refrigeration appliances. Dominated by Western Europe firms, world built-in refrigeration appliances sales are projected to reach seven million units in 2021, largely driven by Western Europe’s growth. Germany, Italy and the UK will be the three largest markets, with […]
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Asia Pacific Accounts for More than 44 Percent of Global Appliances Volume Sales in 2016

SINGAPORE –Global market research company Euromonitor International released today new data on the global consumer appliances industry. According to the new research, the consumer appliances industry is expected to grow by 3 percent in retail volume terms to reach 2.6 billion units sold in 2016. While Eastern Europe and Latin America continue to struggle, Asia […]
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Smart Appliances: Industry Forecast to 2020

Wednesday, November 30 at 9 a.m. CST / 3 p.m. GMT While developments in connected appliances are still nascent, the growth momentum is expected to pick up strongly around the world in the next years. Connected appliances will not only offer tangible benefits to consumers but also create significant opportunities for other industries such as […]
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Midea’s Moves in Connected Appliances Development and Suggested Next Steps

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 […]
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Samsung Corp Announces Acquisition of Dacor Inc.

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 […]
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Doing Business at the Bottom of the Pyramid: Addressing Diversity for Commercial Success

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). Yet, large multinationals are paying greater attention to these low-income households at the bottom of […]
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Trends in Small Cooking and Food Preparation Appliances

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 […]
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