Appliances Market Research Report

e & Quantitative Insights into the Different Factors Driving and Shaping the Size, Share, and Overall Growth Trajectory of the Industry. The advent of next-gen technologies such as Artificial Intelligence (AI) and Internet of Things (IoT) and their expanding applicability in household activities have made modern home appliances such as refrigerators and washing machines smart and efficient. For example, Sub-Zero’s cove dishwasher sends alerts to smartphones to notify the owner when it’s time to rinse the dishwasher or repair its components. One of the key factors raising the demand for advanced home appliances is the increasing disposable income, especially in Asia-Pacific resulting from rapid economic growth in the region. Another factor bolstering this industry is the unprecedented rate of urbanization in Asia and Africa. Companies thriving in this industry are responding likewise to the escalating demand for consumer goods. For instance, in 2017, Samsung unveiled its QuickDrive™ washing machine technology that reduces laundry time by half. Fortune Business Insights™ intends to deliver thorough analysis of the emerging industry trends so as to aid businesses to strategize according to the evolving consumer needs.