SINGAPORE, Nov 21 (Bernama-BUSINESS WIRE)-- Global market research company Euromonitor International released today new data on the global consumer appliances industry.
According to the new research, the consumer appliances industry is expected to grow by 3 percent in retail volume terms to reach 2.6 billion units sold in 2016. While Eastern Europe and Latin America continue to struggle, Asia Pacific remains the largest major appliances market, accounting for more than 44 percent of global volume sales, thanks to strong demand from emerging countries, including India, Indonesia and Vietnam.
“Indonesia will post the highest growth at a 9 percent compound annual growth over 2016-2021. Demand is coming from continued urbanisation through the development of electricity infrastructure and increasing property ownership, as well as lifestyle changes that require more refrigeration appliances at home. In fact, in 2016 fridge freezers represent nearly half of major appliances sales in Indonesia and this trend will continue through to 2021,” says Euromonitor International Head of Consumer Appliances, Jamie Ko.
http://mrem.bernama.com/viewsm.php?idm=27993
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