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

Sweden kitchen appliances products market report highlighting Sweden kitchen appliances market size, segmentation & analysis, Sweden kitchen appliances market growth, Sweden kitchen appliances market trends_x000D_ _x000D_ Global kitchen appliances market has witnessed growth despite the economic slowdown across some of the major economies after the 2009 recession and the Eurozone crisis. Presence of large number of alternatives is driving the segment and with improving economic scenario, the Swedish market is expected to witness growth over the forecast period._x000D_ _x000D_ The market for home appliances in Sweden is, in large part driven by kitchen appliances. Swedes experience a high growth market for kitchen appliances because of their high purchasing power, increased familial stress on kitchen being the most important place in the household, demand for appliances with incremental benefits which help the Swedes in preparing their meals, in conjunction with food basket sales. Kitchen appliances include large appliances like refrigerators, dishwashers, microwaves and ovens, gas stoves, chimneys, and smaller appliances like juicers/mixers, coffee and tea makers, toasters, air fryers, and non-cooking small items like kettles, knives, scales, graters, etc._x000D_ _x000D_ The Sweden market for kitchen appliances was worth US$ X.X bn as of 2014, and is expected to grow to US$ X.X bn by 2020, growing at a CAGR of X.X% over the forecast period. Small appliances are expected to grow at a CAGR of X.X% from US$ X.X bn in 2014 to US$ X.X bn in 2020. Large appliances are worth US$ X.X bn as of 2014, and are expected to grow at CAGR X% to US$ X.X bn in 2020._x000D_ _x000D_ Specialty super markets, as well as brick and mortar store prices of small kitchen appliances averaged lower than those online, leading to a drop in distribution through ecommerce, and an increase of purchase via retail stores. However, this trend is expected balance itself with increased discounts and product bundling innovations, as well as tie ups with manufacturers._x000D_ _x000D_ The latest trend in home appliances, including kitchen appliances is that of energy efficiency, and connectivity in line with IoT (Internet of Things), wherein most appliances can be remotely controlled, or are equipped with sensors designed to auto manage the appliances. Smart appliances, as they are called, alone are expected to drive this category ahead to achieve higher growth rates. With new and other houses going through refurbishing, kitchen appliances can be chosen to fit the size of the kitchen. The appliances are equipped with frills, or are available without frills across several price ranges._x000D_ _x000D_ Some notable companies included in the report are Electrolux, GE, LG Electronics, Samsung, Murphy Richards, Phillips, Bosch, Hamilton, and a range of other regional manufacturers. US based manufacturers have a clear lead across several product categories including the premium product category, because of regular and value added product launches, while Asian manufacturers are engaged in establishing themselves in the mass market._x000D_ _x000D_ Drivers_x000D_ _x000D_ High purchasing power, back to basics cooking techniques, incremental innovations making the life of purchasers easier in the kitchen, interest in refurbishing kitchens in the house with appliances before other rooms, a recovering Euro, and some other factors drive this market in Sweden._x000D_ _x000D_ Challenges_x000D_ _x000D_ A weak euro, high level of competition across all product classes, insufficient innovations in the mass market product range, are some of the challenges being faced in Sweden’s kitchen appliances market._x000D_ _x000D_ What the report offers_x000D_ _x000D_ _x000D_ Market Definition for the Kitchen Appliances along with identification of key drivers and restraints for the market_x000D_ Market analysis for the Sweden Kitchen Appliances Market, with region specific assessments and competition analysis on a Sweden and regional scale_x000D_ Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a Sweden and regional scale_x000D_ Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares_x000D_ Identification and analysis of the Macro and Micro factors that affect the Sweden Kitchen Appliances Market on both Sweden 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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