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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
The Asia Pacific Accounts for a Significant Share in the White Goods Industry
The Asia Pacific accounts for a significant share in the market and is anticipated to grow at a healthy rate in the forecast period. The market growth in the region can be attributed to the increasing living standards in countries like India and China, among others. The structural shift towards smart appliances in these countries is likely to be a major factor driving the market growth. In addition, the market is expected to be aided by the growing competition among the electronic device manufacturers in the region to provide improved products.
White Goods Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global white goods market attained a volume of nearly USD 763.45 billion.
The market is estimated to witness a healthy growth at a CAGR of 7.8% in the forecast period of 2024-2032.
The major drivers of the market include the increasing disposable income, rapid advancements in the electronic industry, increasing living standards, structural shift towards smart appliances, and growing competition among the electronic device manufacturers.
The key trends guiding the market growth include the growing demand for electronic devices and technological advancements and innovations.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various products included in the white goods market report are air conditioner, refrigerator, washing machine, dishwasher, and microwave oven, among others.
Residential and commercial are the different end-uses of the product.
Hypermarkets and supermarkets, speciality store, retail store, and online, among others, are the significant distribution channels of the product.
The major players in the market are Alliance Laundry Systems LLC, Blue Star Limited, Electrolux AB, Haier Group Corporation, and LG Electronics Inc., among others.
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