China Home Appliance Market, Forecast by Products & Distribution Channels | Renub Research
China Home Appliance Market is forecasted to be more than US$ 130 Billion by the end of year 2026. Forecast by Products, Distribution Channels, and Company Analysis
(EMAILWIRE.COM, October 13, 2020 ) China home appliances market is growing at the highest growth rate around the world. With more, advance technology and easy availability of raw material in affordable prices in the nation is propelling home appliance market in China. Rapid urbanization, rise in disposable income and high demand for the home appliance in rural areas of China are the other factors for this growth. According to Renub Research analysis China Home Appliance Market is forecasted to be more than US$ 130 Billion by the end of year 2026.
The use of advance technologies such as WI-FI and Bluetooth in the Chinese home appliance that can be accessed through smartphones and tablets are attracting tech-savvy consumers. Home appliances in China are becoming environmentally friendly and energy-efficient with new designs and advance features, the market of products like washing machines and refrigerators are growing due to premiumization trends in the country.
The contribution of ecommerce websites for the growth of home appliances in China is an added advantage with the comparison of products, competitive pricing, lucrative discount, and offers doorstep delivery. Moreover, Chinese manufacturing companies are producing quality products to fulfill local demand as they are ahead in technological innovation, have extensive distribution networks, and sell home appliance products in affordable pricing.
Subsidy by the Chinese Government
To boost the home appliances market, the Chinese government is providing subvention up to 13 per cent of product price with a limit up to RMB 800 per product. This initiative was started in April 2019, for home appliances which meet the criterion for environmental and energy consumption. Some provincial government started this intuitive in January 2019, such as the Beijing municipal government provides subsidy from 8 percent to 20 percent for 15 different products.
Initiatives of Chinese Companies
Over that period, several local companies have risen, delivering accessible products to price-sensitive Chinese consumers, while also infusing the latest epoch of home appliances with intelligent connectivity to construct Internet of Things (IoT) ecosystems within the home. With the growing household market in China, Midea generated more than $ 40 billion revenue in the year 2019 with leading products, including residential and commercial air conditioners, along with dishwashers, washing machines, and refrigerators.
Mideas smart home division focuses on linking entire sections of the home, with an intelligent health procedure to monitor air temperature and humidity, formaldehyde concentration, and other environmental factors. Another home appliance company Haier launched U+ App in June 2019. Through this mobile app, users can get information on water temperature and quality in a locality. The washing machine can provide customized washing solution by recognizing the brand and material of garments as well as brand and density of the washing liquid.
COVID-19 affecting China Home Appliances Market
Home appliances market in China has been affected due to the outbreak of the coronavirus epidemic; it has brought unprecedented defiance to Chinas in lying demand and export orders. Home appliance companies have been resuming operation and then taking a break since March 2020. Pandemic COVID-19 has affected home appliances sales in China. The comprehensive analysis of COVID-19 effect on the China Home Appliances Market is provided in our research report.
Renub Research report titled China Home Appliances Market by Products (Refrigerators, Freezers, Dishwashing Machines, Washing Machine, Cookers & Ovens, Vacuum Cleaners, Small Kitchens Appliances, Coffee Machines, Microwave Ovens, Electric Kettles) by Distribution Channels (Online and Offline), and Company Analysis (LG Corp, Electrolux, Phillips, Haier Group Corporation, and Midea Group) provides a complete analysis of the China Home Appliances Market and Volume.
Request a free Sample copy of the report: https://www.renub.com/request-sample-page.php?gturl=china-home-appliance-market-p.php
By Products - China Appliances Market and Volume Insights
In this research report, the market and volume analysis of Refrigerators, Freezers, Dishwashing Machines, Washing Machines, Cookers & Ovens, Vacuum Cleaners, Small Kitchens Appliances, Coffee Machines, Microwave Ovens and Electric Kettles are covered.
By Distribution Channels - China Appliances Market and Volume Insights
Online
Offline
Products covered in the Report
Refrigerators
Freezers
Dishwashing Machines
Washing Machines
Cookers & Ovens
Vacuum Cleaners
Small Kitchens Appliances
Coffee Machines
Microwave Ovens
Electric Kettles
All the Companies have been covered from 3 Viewpoints
Overview
Recent Initiatives
Sales Analysis
Companies Covered in the Report
LG Corp
Electrolux
Phillips
Haier Group Corporation
Midea Group
Industry Related Opportunity:
United States Modular Kitchen Market: https://www.renub.com/united-states-modular-kitchen-market-p.php
Global Modular Kitchen Market: https://www.renub.com/modular-kitchen-market-p.php
About Company:
Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises of major players in Life Sciences, Information Technology, Telecom, Financial Services (Banking, Insurance), Energy, Retail, Manufacturing, Consumer Goods & Retail, Automotive, and Social sector. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.
Contact Us:
Renub Research
Phone No: +1 678-302-0700 (USA) | +91-120-421-9822 (IND)
Email: info@renub.com
Web: https://www.renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research
The use of advance technologies such as WI-FI and Bluetooth in the Chinese home appliance that can be accessed through smartphones and tablets are attracting tech-savvy consumers. Home appliances in China are becoming environmentally friendly and energy-efficient with new designs and advance features, the market of products like washing machines and refrigerators are growing due to premiumization trends in the country.
The contribution of ecommerce websites for the growth of home appliances in China is an added advantage with the comparison of products, competitive pricing, lucrative discount, and offers doorstep delivery. Moreover, Chinese manufacturing companies are producing quality products to fulfill local demand as they are ahead in technological innovation, have extensive distribution networks, and sell home appliance products in affordable pricing.
Subsidy by the Chinese Government
To boost the home appliances market, the Chinese government is providing subvention up to 13 per cent of product price with a limit up to RMB 800 per product. This initiative was started in April 2019, for home appliances which meet the criterion for environmental and energy consumption. Some provincial government started this intuitive in January 2019, such as the Beijing municipal government provides subsidy from 8 percent to 20 percent for 15 different products.
Initiatives of Chinese Companies
Over that period, several local companies have risen, delivering accessible products to price-sensitive Chinese consumers, while also infusing the latest epoch of home appliances with intelligent connectivity to construct Internet of Things (IoT) ecosystems within the home. With the growing household market in China, Midea generated more than $ 40 billion revenue in the year 2019 with leading products, including residential and commercial air conditioners, along with dishwashers, washing machines, and refrigerators.
Mideas smart home division focuses on linking entire sections of the home, with an intelligent health procedure to monitor air temperature and humidity, formaldehyde concentration, and other environmental factors. Another home appliance company Haier launched U+ App in June 2019. Through this mobile app, users can get information on water temperature and quality in a locality. The washing machine can provide customized washing solution by recognizing the brand and material of garments as well as brand and density of the washing liquid.
COVID-19 affecting China Home Appliances Market
Home appliances market in China has been affected due to the outbreak of the coronavirus epidemic; it has brought unprecedented defiance to Chinas in lying demand and export orders. Home appliance companies have been resuming operation and then taking a break since March 2020. Pandemic COVID-19 has affected home appliances sales in China. The comprehensive analysis of COVID-19 effect on the China Home Appliances Market is provided in our research report.
Renub Research report titled China Home Appliances Market by Products (Refrigerators, Freezers, Dishwashing Machines, Washing Machine, Cookers & Ovens, Vacuum Cleaners, Small Kitchens Appliances, Coffee Machines, Microwave Ovens, Electric Kettles) by Distribution Channels (Online and Offline), and Company Analysis (LG Corp, Electrolux, Phillips, Haier Group Corporation, and Midea Group) provides a complete analysis of the China Home Appliances Market and Volume.
Request a free Sample copy of the report: https://www.renub.com/request-sample-page.php?gturl=china-home-appliance-market-p.php
By Products - China Appliances Market and Volume Insights
In this research report, the market and volume analysis of Refrigerators, Freezers, Dishwashing Machines, Washing Machines, Cookers & Ovens, Vacuum Cleaners, Small Kitchens Appliances, Coffee Machines, Microwave Ovens and Electric Kettles are covered.
By Distribution Channels - China Appliances Market and Volume Insights
Online
Offline
Products covered in the Report
Refrigerators
Freezers
Dishwashing Machines
Washing Machines
Cookers & Ovens
Vacuum Cleaners
Small Kitchens Appliances
Coffee Machines
Microwave Ovens
Electric Kettles
All the Companies have been covered from 3 Viewpoints
Overview
Recent Initiatives
Sales Analysis
Companies Covered in the Report
LG Corp
Electrolux
Phillips
Haier Group Corporation
Midea Group
Industry Related Opportunity:
United States Modular Kitchen Market: https://www.renub.com/united-states-modular-kitchen-market-p.php
Global Modular Kitchen Market: https://www.renub.com/modular-kitchen-market-p.php
About Company:
Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises of major players in Life Sciences, Information Technology, Telecom, Financial Services (Banking, Insurance), Energy, Retail, Manufacturing, Consumer Goods & Retail, Automotive, and Social sector. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.
Contact Us:
Renub Research
Phone No: +1 678-302-0700 (USA) | +91-120-421-9822 (IND)
Email: info@renub.com
Web: https://www.renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research
Contact Information:
Renub Research
Rajat Gupta
Tel: Market Research, Bus
Email us
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Renub Research
Rajat Gupta
Tel: Market Research, Bus
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results