Published on : Sep 20, 2016
ALBANY, New York, September 20, 2016: ResearchMoz.us has announced the addition of a new report, titled “Chinese Home Appliance Industry and Market, July 2016,” to its database. The report presents a comprehensive evaluation of the Chinese home appliance market over the period of July’15 to July’16. It is compiled using the primary information obtained through interviews and secondary data of sales and shipments disclosed publicly by the Chinese government institutions.
The report provides a detailed description of the factors that influenced the growth of the Chinese home appliances market during the same period and will continue to affect the market’s growth. The effective corporate transformations and upgrades have resulted in the expansion of chain enterprises and increased power of retail over suppliers. The continuation of this trend is expected to bolster the growth of the Chinese market. Moreover, the increasing demand for small and hand-held appliances is likely to augur well for the growth of the overall market. Other factors such as rising income, growing popularity of e-commerce, and a wide range of products are anticipated to fuel the growth of the market.
On the other hand, over the past few years, sales and revenue growth for large-sized home appliances including refrigerators and washing machines seems to have saturated, which continued during this period, thereby impeding the growth of the overall market. Moreover, in order to compete fiercely, players have been reducing prices of their products to enhance their sales and market shares. This trend had adversely affected the overall revenue of the market throughout the period under discussion.
However, future growth of the market will be driven by technological advancements, which will ensure product differentiation, thereby maintaining profit margins of the manufacturers in the forthcoming years. The release of China's Industrial Green Development Plan in alignment with China's 13th Five-Year Plan for National Economic and Social Development and Made in China 2025 is likely to speed up the development of the eco-friendly home appliances in the near future.
The report serves as a repository of analysis and statistical information of Chinese home appliances (refrigerator, washing machine, LCD TV, and air conditioner) such as shipment volume, sales volume, and model ranking. It also offers insights into export and import volume and value. For a better understanding of the market, it presents a comprehensive study of research scope and terminologies.
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The report offers in-depth analysis of the competitive landscape of the market. The Chinese home appliance market is a highly competitive arena. During the period of July’15-July’16, a number of companies have entered into mergers and acquisitions to expand their consumer base and this trend is expected to continue among the industry’s key players. The report profiles key players based on their cost and revenue structure, capacity, product or service prices, utilization of manufacturing values, and latest developments. Some of the key players in the market are Bosch, Electrolux, Mitsubishi, Chigo, Daikin, Haier, Sanyo, Kelon, LG Panda, HF-Sanyo, Konka, LeTV, Littleswan, Midea, Panasonic, Samsung, Sharp, Siemens, Sony, and TCL.
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