In 2023, revenue for the Household Electrical Appliance Manufacturing industry in China is expected to total $55.3 billion, up by 3.4% from 2022. Industry revenue is expected to decrease at an annualized 0.3% over the five years through 2023. Affected by COVID-19 and the slowdown of the real estate industry, the development of house electrical appliances industry slowed down its growth, especially in 2020 and 2022, with industry revenue decreasing by 5.8% and 6.8%, respectively.
The industry includes companies that manufacture household electrical appliances like cookers, water heaters, steamers, fryers, range hoods, food processors, and cleaning appliances. The manufacturing of industrial stoves and other industrial household appliances are not included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Hangzhou Robam Appliance Co. Ltd.
- Midea Group
- Vatti Corp. Ltd.
- Haier Smart Home Co., Ltd.
- Ningbo FOTILE Kitchen Ware Co. Ltd.
Methodology
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