Reportstack has announced a new market research publication on Global Household Appliance Market which finds the APAC region dominating 50 percent of this Market during the forecast period 2014-2018.
As per research analysis, the EMEA region and the Americas region is closely following the APAC region in the Global Household Appliance market with market shares of 34-38 percent and 11-15 percent. The growth is the maximum in the APAC region due to some favorable factors like low labor cost when compared to high labor cost in developed regions such as the Americas and Western Europe. In addition, emerging regions have easy access to industries supplying raw materials used in the production of household appliances. Furthermore, exports of small household appliances from the emerging regions to the developed regions are more than the exports of large household appliances, due to the low transportation cost for small household appliances.
The market is characterized by increasing number of mergers and acquisitions. Vendors are merging with companies in various geographical locations for increasing their manufacturing facility and building economies of scale and scope. Vendors are also increasing their expenditure on R&D for developing new and innovative products in meeting the changing needs of customers. The major vendors operating in this market include AB Electrolux, BSH Bosch und Siemens Hausgeräte, Haier, Koninklijke Philips, LG Electronics, Panasonic, Samsung and Whirlpool.
To determine the scenario for these vendors in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentation, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
To view the table of contents and know more details please visit http://www.reportstack.com/product/151634/global-household-cooking-and-appliance-market-2014-2018.html.