The US Small Household Appliances Market: Size & Forecast with Impact Analysis of COVID-19 (2020-2024)
Scope of the Report
The report titled “The US Small Household Appliances Market: Size & Forecast with Impact Analysis of COVID-19 (2020-2024)”, provides an in-depth analysis of the US small household appliances market with description of market sizing and growth. The analysis includes market by value, by volume, by category, by product and by region. Furthermore, the report also provides detailed category analysis, product analysis and regional analysis.
Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and would be driving the growth of the industry. Growth of the overall the US small household appliances market has also been forecasted for the years 2020-2024, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Some of the major players operating in the US small household appliances market are Samsung Group (Samsung Electronics), Panasonic Corporation, Haier (Haier Smart Home Co. Ltd.), and LG Corp. (LG Electronics), whose company profiling has been done in the report. Furthermore, in this segment of the report, business overview, financial overview and business strategies of the respective companies are also provided.
Samsung Group (Samsung Electronics)
Haier (Haier Smart Home Co. Ltd.)
LG Corp. (LG Electronics)
Household appliances are electrical or mechanical applications which accomplish some routine housekeeping task, such as cooking, cleaning, etc. Additionally, the appliances are also beneficial to manage routine functions like purifying, food preservation, etc., effectively and efficiently.
There are different types of household appliances like home environment appliances, kitchen appliances, personal care appliances and many other. The kitchen appliances accomplish some routine housekeeping task, such as cooking, food preservation and cleaning. The household appliances also have a major role in the stylish appearance of any home decor. Some of the major appliances used in every household include refrigerators, mixer grinder, gas stove, pressure cooker, television, air conditioner, music players, home theatre, digital players, ceiling fan, air purifier, vacuum cleaners, iron boxes, water purifier, water heater, digital clocks etc.
The US small household appliances market has surged at a progressive rate over the years and the market is further expected to propel during the forecasted years 2020 to 2024. The market would surge owing to different growth drivers like growing number of single person household, rise in disposable income, rapid urbanization, growth in number of smart homes, surging smart sensors demand, rising demand for energy optimization, etc.
However, the market faces some challenges which are hampering the growth of the market. Some of the major challenges faced by the industry are: lack of consumer awareness and rising privacy threats. Whereas, the market growth would be further supported by various market trends like cloud technology, rising artificial intelligence technology, surging adoption of Internet of Things (IoT).
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