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Technology Set to Play Key Role in Growth of Household Cooking Appliances Market as Demand for Smart Products Increases from 2018 to 2026, Notes TMR
ALBANY, New York , June 3, 2020 /PRNewswire/ -- The global household cooking appliances market is growing at a steady pace and this is an outcome of multiple trends and drivers that are marking its landscape. From 2018 to 2026, the market will record a growth rate of 6.1%, compounded annually. It is quite interesting to note here that this will lead the market to a notable worth of USD 110.58 billion by the end of the forecast period.
As per Transparency Market Research,
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Transparency Market Research notes that a number of factors are helping the global household cooking appliances market grow over the stated forecast period. A synopsis of some of the prominent trends and drivers is provided below
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Top names in the global household cooking appliances market are Electrolux AB, Haier Group Corporation, Hitachi, Ltd., Koninklijke Philips N.V., LG Electronics Inc., Midea Group, Miele & Cie. KG, Robert Bosch GmbH, Samsung Group, and The Whirlpool Corporation. A comprehensive profiling is done of these players in terms of company details, strategic navigation, financial maneuvers, and beyond by Transparency Market Research in its report.
https://www.transparencymarketresearch.com/report-toc/440
Consumer Goods & Services Industry
Household Vacuum Cleaners Market – The global household vacuum cleaners market is expected to reach a value of US$ 18,936.9 Mn by 2026. The market is estimated to expand at a CAGR of 4.7% during the forecast period from 2018 to 2026. In terms of volume, the market is expected to reach over 79.1 million units at a CAGR of approximately 4.5% by 2026.The household vacuum cleaners market in Asia Pacific is projected to expand at a rapid pace during the forecast period.
Household Cleaners Market – The global household cleaners market is predicted to be valued at US$39,400.9 mn by 2024 from US$27,468.6 mn in 2015 at a CAGR of 4.1% therein. Product-wise, specialty cleaners held the leading 60% market share in 2015. On the basis of geography, North America stood at the fore in the global market in 2015. However, in the coming years, Asia Pacific is predicted to surpass in terms of market share.
Household Robots Market – Recent innovations have created ample growth opportunities for the already existing companies as well as new market entrants who desire to make it big in the global household robots market. However, the market for household robots is still in the nascent stage and is anticipated to grow manifold in the years to come.
Wipes Market – Growing awareness about specialty wipes rather than traditional wipes & the hygiene overview is providing growing opportunity for wipes market. Cleanliness and sanitation in retail shops and in other facilities is one of the important factors in attracting new customers and retaining existing customers. Consumers especially in food-joints remember the quality, hygiene and ambience of the place. Unpleasant experiences lead to loss of customer.
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