China consumer appliances market is anticipated to grow at a CAGR of 7.2% during the forecast period. The steady growth of China’s consumer appliance can be attributed to the increasing disposable income and a huge base of the middle-class population. Additionally, the exposure to the western lifestyle is also driving the middle-class to possess more and more luxury appliances for domestic as well as personal use. In addition, the increased urbanization across the country coupled with the rise in consumption of white goods in rural areas will also influence the growth of the market.
The production of appliances with relatively advanced technology at a lower cost is also aiding the country to gain a competitive edge in the consumer appliance industry. The country also houses various globally recognized brands including Haier Group, Midea Group, Huawei Technologies Co., Ltd., and Xiaomi Corp.
A full report of China Consumer Appliances Market is available at: https://www.omrglobal.com/industry-reports/china-consumer-appliances-market
In addition to this, the strong presence of e-commerce marketplaces especially for consumer appliances such as Suning.com Co., Ltd., Tmall.com, Jingdong, among others are catalyzing the growth of the market across the country. Additionally, increasing brand awareness among consumers is also influencing the market.
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
- Competitive Landscape- Haier Group, Midea Group, Huawei Technologies Co., Ltd., AUX Group Co., Gree Electric Appliances Inc.
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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?
China 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
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