PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1348628
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1348628
According to SPER Market Research, 'Home Laundry Appliances Market Size- By Product, By Technology, By Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Home Laundry Appliances Market is predicted to reach with a CAGR of 4.50%.
Home appliances, typically electrically powered, find use in various household tasks such as cooking, cleaning, and refrigeration. They are often referred to as domestic or home appliances and encompass products like refrigerators, air conditioners, dishwashers, and washing machines. These items are distributed through various channels including supermarkets, specialty stores, and online retail. The home appliance market is primarily composed of automatic washing machines, followed by basic models and irons.
the sales of numerous consumer durable companies have been affected by the COVID-19 pandemic. Lockdown measures forced companies to suspend the production of home appliances. Online marketplaces like Amazon and Flipkart temporarily halted product sales, and a significant number of retail stores closed their doors. As a result, consumer appliance sales dropped compared to the previous year.