Global Domestic Appliance Industry Expansion is Forecast to Reach 3.3% P.A.

Date: 2015-08-13

“The expansion of the global domestic appliance industry is forecast to reach 3.3% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 7.1%. Currently, kitchen appliances account for 46.1% of the global demand while the remaining market share is divided between laundry appliances (10.4%), heating appliances (6.8%), vacuum cleaners (6.8%), electric shavers and hair care equipment (5.5%), electric fans (4.1%), water heaters (4.0%), electro-thermic hand drying equipment (0.1%), parts for domestic appliances (6.0%) and other domestic appliances (10.3%).

China, Germany, Japan, South Korea and the United States represent the largest domestic appliance markets while the strongest annual growth is forecast to occur in Tanzania (22.2%), Bangladesh (12.4%), Bolivia (12.1%), Jordan (9.4%) and Sri Lanka (9.2%).”

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