Appliances Market Size, Shares, Strategies, and Forecasts to 2019-2025 : BusinessTantrums - 0 views
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emmaj3206 on 09 Apr 19"The global appliances market size is anticipated to reach USD 1.81 trillion by 2025 registering a CAGR of 7.2%. Mounting demand for modern and technically advanced appliances, owing to durability and comfort, is expected to augment the market growth over the forecast period. In addition, increased disposable income levels, improving standards of living, and rapid urbanization across the globe are expected to contribute to the market expansion. Manufacturers in the market have a global distribution network, which includes resellers, company-operated stores, e-commerce, dealers, and value-added resellers. They expand their distribution network by offering brand equity, installed base, and product advancements. Sales engineers work closely with customers to design and develop application-specific products to match the particular requirements. Energy-efficiency is a crucial factor influencing the global market. Governments across the globe have enforced various stringent guidelines to ensure energy-efficiency for household appliances, thus propelling consumers to purchase only those goods fulfilling the minimum energy-efficiency regulations."