Dublin, Jan. 26, 2024 (GLOBE NEWSWIRE) -- The "White Goods Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
The global market for white goods is set to experience significant momentum, according to a comprehensive industry research publication recently added to our database. Profound insights into the white goods industry reveal an imminent expansion, with a robust compound annual growth rate (CAGR) forecasted through 2024 and beyond.
Emphasizing a surge in demand for smart home appliances and a notable shift towards e-commerce for purchasing large domestic devices, the white goods market stands as a testament to technological integration and consumer convenience. Enhanced cleaning devices are among the highlighted segments, reflecting the market's quick adaptation to evolving cleaning requirements in contemporary households.
Key Highlights from the White Goods Market Research
- Rapid Expansion: Market predictions indicate a leap from $659.62 billion in 2023 to an impressive $990.08 billion by 2028, underpinned by a steadfast CAGR of 8.5%.
- Smart Appliance Adoption: Connectivity and automation are driving forces, with a significant percentage of consumers seeking to ease their workload via intelligent household appliances.
- E-commerce Growth: Brick-and-mortar stores are being complemented, and in many cases, surpassed by online retail platforms, as evidenced by the uptick in e-commerce sales figures.
- Innovative Cleaning Solutions: The market is responsive to the need for time-efficient cleaning, introducing products like the Dreame H12 Wet and Dry Vacuum Cleaner and robot cleaners.
- Refrigeration Technology Advancement: Companies are launching new refrigerator series catering to precise industry requirements for medical storage and vaccine preservation.
Further market analysis uncovers the remarkable growth trajectory of the Asia-Pacific region, slated to be the fastest-growing market in the white goods sector. North America currently holds the largest region title, showcasing the geographical diversity and potential within the industry.
The white goods market is critical to various sectors, fulfilling the demand for air conditioners, dishwashers, freezers, kitchen stoves, and other home appliances. It encapsulates the value of goods sold by manufacturers at the factory gate and includes related services provided.
This latest publication is an authoritative source for businesses, investors, and professionals seeking to comprehend the changing dynamics of the white goods industry. It presents an in-depth examination of market trends, future projections, and strategic insights that are imperative for informed decision-making in the sector.
A selection of companies mentioned in this report includes
- Blue Star Limited
- Haier Group Corporation
- LG Electronics Inc.
- Samsung Electronics Co. Ltd.
- Videocon Industries Limited
- Amica Wronki Spólka Akcyjna
- Arçelik A.S.
- Robert Bosch GmbH
- Candy Hoover Group S.r.l.
- Dacor Inc.
- Daewoo Electronics Corporation
- AB Electrolux
- Fisher & Paykel Appliances Holdings Limited
- BSH Hausgeräte GmbH
- General Electric Company
- Groupe SEB
- Hisense Group Co. Ltd.
- Hitachi Ltd.
- Whirlpool Corporation
- Liebherr-International AG
- Miele & Cie. KG
- Panasonic Corporation
- Sharp Corporation
- Siemens AG
- Smeg S.p.A.
- Sub-Zero Group Inc.
- Toshiba Corporation
- Vestel Elektronik Sanayi ve Ticaret A.S.
- Vestfrost Solutions A/S
For more information about this report visit https://www.researchandmarkets.com/r/6patz3
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