The European consumer appliances market is anticipated to grow at a CAGR of 4.1% during the forecast period. The growth of the market is mainly influenced by the advancements in the lifestyle of people across the region coupled with the growing interest in the products from the household appliance market. The tech-savvy young generation across Europe is the major consumer of smart home appliances owing to the increased awareness among them.
Additionally, the European Union through a number of legislative iterations of energy labeling and eco-design is continuously trying to make household appliances such as ovens, washing machines, dishwashers, refrigerators, and air conditioners more efficient. It is also anticipated to draw more consumers towards the adoption of consumer appliances across the region. In addition to this, small household appliances such as kitchen appliances or vacuum cleaners are also aiding the growing shares of the market.
A full report of European Consumer Appliances Market is available at: https://www.omrglobal.com/industry-reports/european-consumer-appliances-market
Moreover, the growing demand for innovative, multifunctional, and technologically advanced products is also presenting new growth opportunities for the consumer appliance market in near future. The growing number of smart homes and connected devices across the region will also impact the growth of the consumer appliance industry during the forecast period.
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
- Countries Covered-
o UK
o Germany
o Italy
o Spain
o France
o Russia
o Rest of Europe
- Competitive Landscape- Dyson Ltd., Apple Inc., BSH Hausgeräte GmbH, Dell Inc., Electrolux AB, Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd.
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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?
European 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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