Home Appliance Market Poised To Reach USD 849,600 Million By 2025

The global home appliance market is valued at USD 640,319 million in 2018 and expected to reach USD 849,600 million by the end of 2025, growing at a CAGR of 4.1 percent during 2018–2025, estimates Acquire Market Research. While consumer electronics may need more practical skills and brute force to manipulate the devices and heavy tools required to repair them.

The market of home appliance has experienced a steady growth over the past years, and the trend is forecasted to continue in the following decade. Worldwide, China is the largest consumption market of home appliance, driven by the high consuming capacity and desire for a convenient lifestyle.―TV Veopar Journal Bureau

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