Major Household Appliance Sales to Reach 445 Million Units Globally

Editors note – this is a little out of our scope, but we thought it was an interesting statistic. More and more we find retailers selling merchandise globally.  

CLEVELAND, Feb. 29, 2016 /PRNewswire/ — Global demand for major household appliances is forecast to increase at a 3.0 percent yearly rate through 2019 to 445 million units. The number of appliances in use will climb to 4.9 billion units. The average number of appliances in each household will increase, supported by rising personal income levels in developing areas. In addition, new household formation activity will provide new sales opportunities for appliance suppliers as the world’s population continues to grow. Refrigerators and large cooking appliances are typically the first appliances purchased once personal income levels reach a sufficient level, followed by washing machines. “Because of the relatively large numbers of these products already in use,” notes analyst Kyle Peters, “market advances through 2019 will not be as strong as those

Read more

Other breaking news:

  1. ZipBooks launches free accounting software for small businesses
  2. Company Releases Shopping App as White Labeled Product
  3. Wiivv Wearables Inc. Breaks Record as Most Funded 3D Printed Good in Kickstarter History
  4. MasterCard and Parsons School of Design to Put Digital Payments Thru Design Hack
  5. PayPal Expands One Touch to 143 markets; 18M consumers opt-in
  6. Nick Clarkson Joins Creditcall in New Role as Head of Developer Relations
  7. Multinational Food Retailer DIA Adds Anti-Theft Technology
  8. 200 Store chain in UK Chooses new Point of sale provider