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Canada Laundry Appliances Market - By Products, Distribution Channels and Vendors - Market Trends and Forecasts (2017 - 2022)

The home appliances market in South Africa has registered a positive growth despite the poor economic conditions in the country. A downturn in the consumer sentiment has resulted in the hike in the purchase of private label goods and value added features that determine the replacement of existing appliances. The escalating energy crisis in the country has led to a wide demand for energy efficient appliances to constrain the mass household spending on electricity costs. A hike in inflation and a stagnated economy are some of the influential factors hindering the growth of the home appliances market in the country_x000D_ _x000D_ The South African home appliances market has been estimated at USD XX.XX billion in 2016 and is projected to reach a value of US XX.XX billion by 2021 growing at a CAGR of XX.XX% during the forecast period from 2016 to 2021. Technological innovation has contributed towards improving the standard of living of people across the world. An astronomical change in the way of things can be observed due to the increased disposable incomes of people and the rapid urbanization trends catching up to the different parts of the country._x000D_ _x000D_ The South African home appliances market has been segmented on the basis of products into kitchen appliances (electrical ranges, microwaves, cooktops and others), refrigeration appliances (refrigerators, freezing systems and others), washing appliances (washing machines, washer dryer, dryers, steam iron devices and others), room comfort (air conditioners, room heaters, ceiling fans, dehumidifier and others), water heater appliances (storage tank water heaters, solar water heaters, gamma electric iron rods and others), cleaning appliances (vacuum cleaners, dishwashers and others) and entertainment appliances (televisions and others)._x000D_ _x000D_ The market has also been segmented on the basis of the distribution channel into direct selling, supermarkets, specialty stores, e-commerce, departmental stores and others. Though supermarket and departmental stores have been a favorite for the consumers, e-commerce is expected to be the fastest growing distribution channel during the forecast period due to rapid internet penetration in the country._x000D_ _x000D_ The report also considers key trends that will impact the industry and profiles of leading companies with majority market share in the South African home appliances market. Some of the major players in home appliances market mentioned in the report are Haier Electronics Group Co. Ltd, Whirlpool, Electrolux AB, Defy Appliances (Pty) Ltd, Candy Group, LG Electronics, Godrej Group, Panasonic Corporation, Samsung Electronics, Viking Range, LLC, AmicaWronki S.A., Arcelik A.S and Gorenje Group._x000D_ _x000D_ What the Report Offers_x000D_ _x000D_ _x000D_ Market definition for the South African home appliances market, along with identification of key drivers and restraints._x000D_ Market analysis for the South African home appliances market, with region-specific assessments._x000D_ Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a global and regional scale._x000D_ Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share._x000D_ Identification and analysis of the macro and micro factors that affect the South African home appliances market on both global and regional scale._x000D_ A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information._x000D_ _x000D_

Published By: Mordor Intelligence
Published Date: Q2 2016

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