Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

World Major Household Appliances Demand to Reach 367 Million Units in 2007
Jan 30, 2004
 Printable format
 Email this Article
 Search

World demand for major household white goods is projected to increase 3.9 percent annually through 2007, reaching 367 million units, according to "World Major Household Appliances," a study recently released from The Freedonia Group, Inc., a Cleveland, OH, U.S.-based industrial market research firm.

Gains will exceed the 1997-2002 pace because of accelerating global economic growth, which will stimulate consumer-spending activity, the report states. Demand in the Asia/Pacific region, in particular China, will continue to benefit from above-average urban population growth and healthy gains in the number of households. Latin America will also provide strong opportunities for appliance suppliers, the report reveals.

Above-average growth is also expected occur in the Africa/Mideast region due to strong gains in the number of households and rising incomes, according to the report.

Growth is also expected in the developed nations, despite the relatively high rates of market penetration. Advances in these regions will primarily be supported by replacement demand, as users both replace broken equipment and trade up to newer models.

Since the life cycle of most white goods is throughout a 10-year period, manufacturers will continue to introduce new technological innovations as a way to encourage upgrades. Among innovations that will boost demand are intelligent appliances that can perform such functions as reading labels and connecting with other household goods.

China has grown into the world's largest supplier of white goods, nearly tripling production from 1992 to 2002. The nation has taken advantage not only of its inexpensive labor pool, according to the report, but also of favorable exchange rates, which have made pricing of Chinese goods especially competitive.

The report also says that China has become a leading producer in the refrigerator and microwave oven segments, where private label products are exported to the U.S,. Western Europe, and throughout Asia. However, as consumer acceptance of Chinese products rises, manufacturers are expected to increasingly market internationally under their own brand names. Other major exporters of white goods include Italy and South Korea.

Microwave ovens are expected to exhibit the best gains through 2007 due to significant untapped market potential in numerous countries, especially in the developing regions. Dishwashers will exhibit above-average growth as well, although price, size and cultural considerations will prevent these items from becoming commonplace in most areas where they are not already established, the report states.

Back to Daily News

 

Daily News

...........................................................

Jul 22, 2014: Lennox International Reports Record Profit in Second Quarter

Jul 22, 2014: Whirlpool Launches Hybrid Heat Pump Dryer

Jul 22, 2014: Weber-Stephen Breaks Ground on New Distribution Complex

Jul 22, 2014: Brinly-Hardy 175th Anniversary Brochure Wins 2014 PIAS Graphic Award

Jul 21, 2014: Electrolux Sees Continued Improvement in European, North American Major Appliance Markets

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows