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Futuresource Home Appliance Market Report - Worldwide February 2019
The worldwide refrigeration and laundry markets are expected to grow modestly in 2019. The slowdown is the result of tariffs in the US, increasing production costs and the depreciation of the economic environment in parts of LATAM, Europe and China.
The share of smart appliances is expected to almost double again in 2019 to 7% of total shipments. China remains the largest smart appliance market; in Europe and North America connectivity continues to make inroads into mid-range price segments. Voice assistance, a key driver in smart home for the last two years, is now becoming a selling point in smart appliances too.
This report supplies an outlook for the worldwide home refrigeration and laundry appliance market, with a particular focus on smart/connected appliances. It provides market data for 2018 and an outlook on key developments in the market for the period 2019- 2023.
The products under review are -
Laundry – Dryers, Washer Dryers and Washing Machines.
Refrigeration – Fridges, Freezers, Fridge-Freezers.
Research for this Home Appliance Market Report was conducted in Q4 2018 and Q1 2019.
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Here at Futuresource Consulting we deliver specialist research and consulting services, providing market forecasts and intelligence reports. Since the 1980s we have supported a range of industry sectors, which has grown to include: CE, Broadcast, Entertainment Content, EdTech and many more.