$25.9 Billion Worldwide Smart Appliances Industry to 2027 - Impact of COVID-19 on the Market

News provided by

Feb 03, 2021, 12:45 ET

DUBLIN, Feb. 3, 2021 /PRNewswire/ -- The "Smart Appliances - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 9th edition of this report. The 144-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Smart Appliances Market to Reach $65.3 Billion by 2027

Amid the COVID-19 crisis, the global market for Smart Appliances estimated at US$25.9 Billion in the year 2020, is projected to reach a revised size of US$65.3 Billion by 2027, growing at a CAGR of 14.1% over the period 2020-2027.

Smart Home Appliances, one of the segments analyzed in the report, is projected to record 13.7% CAGR and reach US$54.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Smart Kitchen Appliances segment is readjusted to a revised 16.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $7.7 Billion, While China is Forecast to Grow at 13.6% CAGR

The Smart Appliances market in the U.S. is estimated at US$7.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$11.4 Billion by the year 2027 trailing a CAGR of 13.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.5% and 12.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.3% CAGR.

Competitors identified in this market include, among others:

BSH Hausgerate GmbH
Electrolux AB
General Electric Company
Koninklijke Philips NV
LG Electronics Inc.
Miele & CIE, KG
Panasonic Corporation
Qingdao Haier Co., Ltd.
Samsung Electronics Co., Ltd.
Whirlpool Corporation

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Global Competitor Market Shares
Smart Appliances Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

Total Companies Profiled: 46

For more information about this report visit https://www.researchandmarkets.com/r/y7snnx

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets