Household Appliances: Reshape for Recovery
Doubts and fears are still the main stream of global economy, home appliance industry is regaining strategically. Regardless of the recession of global economy, families can upgrade daily lives by the amounts of getting new household appliances. The global appliances industry is expected to reach an estimated value of $324.2 billion by 2019. Presumably speaking, these following points can be a signal for the household appliance giant decision makers:
“The survival of the fittest” does apply to the electronic items at home. As the most effective way to upgrade the whole industry, the market is forcing such an unavoidable trend on the 2015 agenda, expecting to hear from more company recombination. A growing number of companies dealing home appliances are working with Internet companies, making every effort to grasp the market share. Apart from Whirlpool taking the Sanyo household appliances business, Electrolux’s buyout of General Electric’s counterpart is also a hot topic last year.
To regain a dominant place in the market, industrial relocation is a decisive challenge for senior sales especially in a time that the advantage of off-shoring is no longer tempting as it used to be due to the rising labor cost globally. Factories in China are doomed to close partially for more attractive opportunities in Southeast Asia. New markets from Latin America also hunger for being the next best places chosen to be the relocation. Whoever finishes this relocation first is definitely taking an advantaged place in the upcoming years of decision-making.
It is a cliché to say that we are entering the intelligent home era. Home appliances giants agree that people needs thoughtful helpers to enjoy a worry-free life. Artificial intelligence combining multi-tasks appliances can be the future place that determines the strategic advantages in this field. The self-cleaning gas range of Dacor is thinking one step forward for you, creating a pleasant kitchen time.
Besides, small kitchen appliances (non-cooking) are gaining market share step-by-step. Moderately positive may be the theme for 2015 if new items of appliances come out with better industry upgrade.