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White Goods Market Type (Refrigerators, Washing Machine, Microwave ovens, Dishwashers, Vacuum Cleaners, Others) Application (Residential , Commercial) Distribution Channel (Online , Offline) : Global Opportunity Analysis and Industry Forecast, 2020-2027

A06558
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Jun 2020 | 131 Views
 
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White goods are consumer durables made of enamel-coated sheet steel. These are large home appliances like stoves, refrigerators, freezers, washing machines, and dishwashers. These appliances are called white goods because traditionally they are only available in white. Even though, now they are available in a wide range of different colors these white goods are essential goods in daily life. These products are used in private sectors, homes, hotels, and other places.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($US)

  Segments covered

  Type, Application, Distribution Channel, and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

  Companies covered

Whirlpool Corporation, Samsung Electronics Co. Ltd., Sony Corporation, Lloyd Electric & Engineering Limited, Johnson Controls International Plc., LG Electronics Inc., Panasonic Corporation, Koninklijke Philips N.V., Haier Inc., Godrej

 

COVID-19 Scenario Analysis: 

  • The COVID-19 pandemics have deeply impacted the growth of the white goods market.
  • With the lockdown, the retail outlets are closed which has affected the sales of white goods.
  • COVID-19 has also disrupted the supply chain which has increased the prices.
  • The import and export has stopped by the government due to safety measures which affects the GDP of the countries.
  • The companies are taking essential measures to prevent loss and employee’s morale.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The global white market is expected to grow at a constant rate in the coming years. An increase in disposable income, and a rise in the restaurants, hotels drive the growth of the global white goods market. In addition, the rise in the advertisement and internet penetration boost the growth of the market. However, the usage of white goods affects the environment and increase health issue. These factors hinder the growth of the white goods market. Contrarily, the launch of new eco-friendly products can create an opportunity to boost the growth of the market. With new technology, the companies are making products that consume less energy, and have less effect on health and the environment.

The global White Goods market trends are as follows:

  • With the increase in the online sector, the popularity of white goods has increased and is affordable. The online platforms also provide different offers that attract the consumer to purchase the product.
  • The increase in urbanization many commercial places are opened like the hotel, ice cream parlor that has increased the demand for white goods.
  • With the rise in global warming, companies are manufacturing products that do not affect the environment and are recyclable. For instance, LG has launched 6 Motion Direct Drive Technology, a combination of six different washing motion programs. It has advanced Inverter Direct motor, an eco-smart technology, and used to make LG eco-friendly range of washing machines that save energy and time.

Key Segments Covered:

            Segments

                                Sub-segments

  Type

  • Refrigerators
  • Washing Machine
  • Microwave ovens
  • Dishwashers
  • Vacuum Cleaners
  • Others

  Application

  • Residential
  • Commercial

  Distribution Channel

  • Online
  • Offline

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global white goods industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global white goods market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global white goods market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global white goods market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions Answered in the White Goods Market Research Report:

  • What are the leading market players active in the white goods market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
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