Household Appliances Market Value, Status, Global Analysis (2020-2023) And Key Experts – Samsung Electronics, Panasonic Corporation

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The Business Research Company’s latest report Household Appliances Global Market Report 2020 covers Household Appliances market drivers, Household Appliances market trends, Household Appliances market segments, Household Appliances market growth rate, Household Appliances market major players, and Household Appliances market size. The report provides in-depth analysis of the impact of COVID-19 on the Household Appliances industry, along with revised market numbers due to the effects of the coronavirus.

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Household Appliances Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

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The global household appliances market is expected to decline from $334.4 billion in 2019 to $325.9 billion in 2020 at a compound annual growth rate (CAGR) of -2.6%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $403 billion in 2023.

The report covers the Household Appliances market’s segments-
1) By Type: Small Electrical Appliance, Household Cooking Appliance, Household Refrigerator And Home Freezer, Household Laundry Equipment, Other Major Household Appliance.
2) By Application: Cooking, Cleaning, Others.
3) By Mode: Online, Offline.
Subsegments Covered: Household Type Fans, Household Type Vacuum Cleaners, Other Household Type Small Electric Appliances, Electric Stoves, Microwave Ovens, Barbecues And Grills, Others – Household Cooking Appliance, Refrigerators, Freezers, Ice Boxes, Refrigerator/Freezer Combinations, Washing Machines, Ironers, Dryers, Others – Household Laundry Equipment, Dishwashers, Waste Disposable Units, Water Heaters, Others – Other Major Household Appliance.

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