The Electric Ranges industry was 7736.71 million USD in 2017 and is projected to reach USD 10474.47 million USD by 2023, at a CAGR (Compounded Annual Growth Rate) of 5.18% between 2017 and 2023. The industry is relatively concentration, the key brand include GE Appliances (Haier), Whirlpool, Electrolux, Sears Holdings Corporation, Samsung, LG Electronics, Peerless Premier Appliance, Bosch, Sharp, Fisher & Paykel Appliances, Viking Range, Wolf Appliance, Danby Products Limited, Felix Storch and so on.
As the downstream consumption usually follows with developed and rapid economic growth areas, such as BRICS, the developed areas’ company prefers investing to underdevelopment regions these years. In the long run, urbanisation is expected to drive steady expansion in the kitchen appliance industry. As of 2016, China’s urbanisation rate stood at 57.4% and is projected to go up by about one percentage point annually. Advances in urbanisation, the real estate market and smart home appliances are conducive to the development of the kitchen appliance market.
The high price of contemporary devices may pose a barrier to their demand. However, with the increased disposable income of people and rising standard of living, the demand for high-end devices is expected to increase over time. Also, the growing number of single professionals or students who prefer takeaway food rather than setting up their kitchen may pose a barrier. However, the demand for these devices has been robust in the past and is projected to grow further.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The Global Electric Ranges Sales Market Report 2018 report released by QYResearch provides a basic overview of the Electric Ranges industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.
The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Electric Ranges industry development trends and marketing channels were analyzed.Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
Full Report Overview@https://www.qyresearch.com/index/detail/563630/global-electric-ranges-sales-market