Five Small Appliances Trends to Watch in 2024
Jason Tjiptadi
In 2023, small appliances witnessed modest growth, mainly driven by the replacement of products purchased during the pandemic. The response to COVID-19 had a habit-forming impact on many consumers, who have become used to making coffee at home using espresso machines and enjoying the convenience of a robotic vacuum cleaner. Many of these appliances are now an integral part of a consumer’s home. However, growth was weaker than predicted, as high interest rates and inflation resulted in reduced disposable incomes.
Heat Pumps: The Low-carbon Heating and Cooling System of the Future
Tim Chuah
Heat pumps are the low-carbon heating and cooling systems of the future. The EU has identified them as a sustainable solution to reach its goal of energy independence and decarbonisation. In the long term, heat pumps have the potential to replace air conditioners and boilers, becoming the all-in-one air treatment appliance.
Growth Opportunities for Consumer Appliances in Asia Pacific
Jason Tjiptadi
Consumer appliances is expected to grow in 2024 after a slow two years when sales were heavily impacted by inflation. Momentum will carry-on for the next five years, supported by growing middle-income households, a fast-growing economy, and low possession rate. This will be driven by three key forecast drivers: Space, Smart Home, and Sustainability.
Premiumisation in Appliances: Sustainability or Technology Leadership?
Tim Chuah
Industry stakeholders are increasingly debating between sustainability and technology leadership strategies in the appliances market. As margins continue to shrink, leadership in either category is critical to maintain continued competitiveness. In this briefing, we will debate the merits of both approaches and find a potential path to sustained growth and profitability for companies.
Identifying Air Conditioner's Next Growth Market Using the Forecast Model
Tim Chuah
The Forecast Model for Consumer Appliances and Consumer Electronics was built to help the industry understand growth drivers in an easy-to-understand visual presentation. It provides tools to easily compare market growth and growth decomposition by product and country. In this piece, we will take you through a step-by-step methodology to identify which are high growth markets and the growth drivers behind them.
Five Appliances Trends to Watch in 2024
Tim Chuah
2024 promises to be an exciting year for the appliances industry. As inflation fears subside together with the expectation of no more rate hikes and, dare we say it, a cut in rates, the next year is full of growth opportunities.
Forecast Model for Consumer Appliances and Consumer Electronics
Loo Wee Teck
The durables (Consumer Appliances and Consumer Electronics) market is changing rapidly and the environment in which it operates is more turbulent than ever. Euromonitor International is delighted to introduce a new tool, the Forecast Model Durables (FM Durables), that can assist in plotting a course through this disruption and navigate future market evolution.
IFA Leaders Summit
Ratna Sita Handayani
For almost 100 years, IFA has been at the forefront of innovations and presents the latest products and innovations from around the world.
Five Small Appliances Trends to Watch in 2023
Veronika Kandusova
In 2022, the small appliances industry declined as sales normalised from the pandemic peak of 2020 and 2021. Pandemic staples such as kitchen appliances and hygiene-related categories such as vacuum cleaners or air purifiers were the most impacted