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Global Small Domestic Appliances market to expand at CAGR of 5.8 from 2020 to 2030
Anurag Singh, CEO at Transparency Market Research, says urbanisation and rapid industrialisation play an important role in boosting economic growth all over the world.
“The trend of adopting multifunctional appliances to replace conventional appliances is likely to support the growth of the global small domestic appliances market,” said Mr Singh.
“With the development of artificial intelligence in floor care applications, the small home appliance industry is undergoing substantial transformation. AI recognises typical robot trapping barriers and the smart robot technology in vacuum cleaners allows users to clean floors with fewer concerns than before.”
Juicing remains a popular activity, as part of a healthy lifestyle
Mr Singh added that cold-pressed juices are becoming increasingly popular among millennials, and they are one of the main growth drivers for the global small domestic appliances market.
“As a result, small domestic appliance manufacturers are beefing up their R&D capabilities in order to provide strong engines in juicers that save energy.”
Reposted From Source: news.ifa-berlin.com
Anurag Singh, CEO at Transparency Market Research, says urbanisation and rapid industrialisation play an important role in boosting economic growth all over the world.
“The trend of adopting multifunctional appliances to replace conventional appliances is likely to support the growth of the global small domestic appliances market,” said Mr Singh.
“With the development of artificial intelligence in floor care applications, the small home appliance industry is undergoing substantial transformation. AI recognises typical robot trapping barriers and the smart robot technology in vacuum cleaners allows users to clean floors with fewer concerns than before.”
Juicing remains a popular activity, as part of a healthy lifestyle
Mr Singh added that cold-pressed juices are becoming increasingly popular among millennials, and they are one of the main growth drivers for the global small domestic appliances market.
“As a result, small domestic appliance manufacturers are beefing up their R&D capabilities in order to provide strong engines in juicers that save energy.”
Reposted From Source: news.ifa-berlin.com
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