As the United States, Western Europe and Japan recover from falling disposable income, Brazil, Russia, India and China continue to experience increasing consumer spending. Demand for industry products, including major appliances, such as refrigerators and dishwashers, and small appliances, such as food mixers and irons, is consumer driven and determined by disposable income, consumer spending, GDP growth and the global population's rate of household formation. As consumer confidence strengthened in developed countries, positively affecting industry growth, greater demand for home appliances in emerging economies helped boost this increase in demand.
Companies in this industry manufacture both major and small electric appliances for household use. Products manufactured by the industry include laundry equipment, refrigerators, freezers, dishwashers, irons, food mixers, humidifiers and shavers.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.