Global Small Appliances Market Driven by Rising Disposable Incomes in Developing Regions

Press Release   •   May 11, 2016 04:18 EDT

The global market for small appliances has been evaluated in a recent market research report by Transparency Market Research. The comprehensive market research document, titled “Small Appliances Market - Global Industry Size, Share, Trends, Analysis, And Forecasts 2012 – 2018,” gives a forward-looking perspective about key elements of the market and several other factors that are projected to have significant impact on the market’s growth trajectory through the years 2012 – 2018.

The small appliance market comprises everyday use home appliances that are either completely or partially moveable and can be operated on counters, tables, or other platforms. Small appliances are fundamentally categorized into two categories: Home appliances and commercial appliances. Commercial appliances are the ones that are used in office or business settings, while home appliances are used for household purposes.

The report states that the global small appliance market will expand at a favorable pace over the report’s forecast period, driven primarily by factors such as the rising disposable incomes, especially of the people residing in the developing parts of the world, the consequent improvement in standards of living, and the enhanced demand for added comfort. Technological advancements in the field of electronics, the ample product options available in the market, declining prices owing to the rising competition among market vendors, and the availability of products with value-added features are also some of the most crucial factors that are driving the global small appliances market.

Some of the key advantages of using small appliances include time saved in undertaking a range of tasks, reduction in manual efforts, and effective results.

The report segments the global small appliance market on the basis of product type into food preparation appliances, personal care appliances, heating appliances, irons, small cooking appliances, non-cooking small kitchen appliances, and vacuum cleaners.

From a geographical perspective, the global small appliances market has been examined for Asia Pacific, North America, Europe, and Rest of the World. The report gives qualitative as well as quantitative insights about the current state of the market segments in these regional markets. An overview of the technological developments introduced in the regional markets has also been included in the report.

The report also presents a detailed overview of the competitive scenario of the global small appliances market, wherein details such as business profiles, SWOT analysis, Porter’s five forces analysis, recent development, finance and revenue related data, and market strategies pertaining to some of the major vendors in the global small appliances market have been discussed in the report.

Some of the most prominent vendors in this highly fragmented marketplace profiled in the report are Hamilton Beach Brands, Haier, LG, Electrolux, Philips, Brother Industries, Braun Company, BPL Group, Tiger Corporation, Proctor Silex, Blendtec, Meyer Corporation, Kitchen Aid, Russell Hobbs Inc., Krups, and Zojirushi Corporation.

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