Ethiopia Home Appliances Market, By Product (Refrigerator, Air Conditioner, Heaters, Washing Machines, Cleaning Appliances, Gas Stove, Cooking Range, Microwave and Oven and Others), Technology (Manual Home Appliances and Smart Home Appliances), Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, E-Commerce and Others), Household Type (Family Household and Non-Family Household) Industry Trends and Forecast to 2027
Market Analysis and Insights: Ethiopia Home Appliances Market
The home appliances market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing at a CAGR of 2.6% in the forecast period of 2020 to 2027 and is expected to reach USD 492,651.73 thousand by 2027. The advancements in technology for home appliances and increase in standards of living are the factors driving the home appliances market growth.
Home appliances refer to electrical or mechanical devices that are used to perform some household functions such as cleaning or cooking. The home appliances are divided into three major categories: major appliances, small appliances and consumer electronics. The commonly used home appliances are refrigerators, TVs, air conditioner, washing machines, cooking stoves, heaters, blenders, dryers and others.
The increasing competition in home appliances industry decreases the cost of appliances making it more economical and affordable for the consumers. The decreasing prices and the rising economies of the countries are leading towards growth in the home appliances market. The maintenance and cleaning of appliances increase the overall cost of the products after the purchase of product by adding maintenance cost in it hindering the growth of the home appliances market.
The penetration of digital platform in appliances industry has given the opportunity to the customers to select from range of products and get product according to their demand lead to an opportunity for the home appliances market growth. The manufacturers of large home appliances are facing the challenge to overcome the high transportation cost for delivering more products to the customers in a region where the demand is less for large home appliances acting as a challenge factor for the home appliances market growth.
This home appliances market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the home appliances market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
The home appliances market is segmented on the basis of product, technology, distribution channel and household type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the home appliances market is segmented into refrigerator, air conditioner, heaters, washing machines, cleaning appliances, gas stove, cooking range, microwave and oven and others. In 2020, refrigerator segment is dominating because of the change in more awareness about the home appliances among the mass population.
- On the basis of technology, the home appliances market is segmented into manual home appliances and smart home appliances. In 2020, smart home appliances segment is dominating as it helps in reducing the working time associated with the work.
- On the basis of distribution channel, the home appliances market is segmented into supermarkets/hypermarkets, specialty stores, e-commerce and others. In 2020, supermarkets/hypermarkets segment is dominating because it reduces the waiting charges associated with the dispatch of the product.
- On the basis of household type, the home appliances market is segmented into family household and non-family household. In 2020, family household segment is dominating because of rise in need of products such as refrigerators, air conditioners and others with more growth in per capita income of the population.
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Ethiopia home appliances market also provides you with detailed market analysis for every country growth in installed base of different kind of products for home appliances market, impact of technology using life line curves and changes in infant formula regulatory scenarios and their impact on the home appliances market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Home Appliances Market Share Analysis
Ethiopia home appliances market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Ethiopia presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Ethiopia home appliances market.
The major players covered in the Ethiopia home appliances market report are SAMSUNG, LG Electronics, SHARP CORPORATION, Panasonic Corporation, Haier Group, Sony Corporation, Hisense, Defy (a subsidiary of Arçelik A.Ş.), Miele, Tiger Corporation, Robert Bosch GmbH, Whirlpool Corporation among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Growing product launches, partnerships and acquisitions by key players is accelerating the home appliances market growth.
- In July 2020, Sony Corporation launched "Sony Talent League by THU". The launch of product has empowered aspiring creators with the challenge to discover next generation in the digital entertainment industry. This will help Sony Corporation to increase in sales and revenue along with the growth and development of Sony Corporation.
Collaboration, joint ventures and other strategies by the market players is enhancing the home appliances market growth which also provides the benefit for organisation to improve their offerings for better consumer experience.
Customization Available: Ethiopia Home Appliances Market
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