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.Learn More
Simon Maddrell, Head of Global Consumer Appliances research at Euromonitor International, examines the appliance market in 2010 and how the industry has reacted to the economic stimulus packages in various regions. Maddrell begins the discussion with a forecast for 2011, including a look at markets in the following regions:
Maddrell then addresses the affects of stimulus packages on consumer appliance in North America, Brazil, and China. Analysis of consumer reaction to stimulus packages shows there is a risk that once packages are completed, there will be a dip in appliance sales. Packages targeted at Western Europe are having no effect on the stagnant consumer appliance market there.
In terms of major growth within appliances, refrigeration is the projected highest growing segment. This is due to several factors:
Maddrell then shifts to discuss appliance manufacturers that are at high risk in 2010. Indesit is shown as a prime example, which has seen sharp declines in global revenues since 2008. These declines can be traced to the following reasons: