Despite challenges advances in technology and product development – including more powerful cordless tools and products that are easier to operate – will continue to drive market growth.
As homeowner remodeling projects commonly focus on raising home values, countertop demand will benefit from trends favoring more bathrooms, larger kitchens, and higher value countertop materials to boost ROI.
Purchasing patterns are expected to normalize following the crisis and significant changes in the long-term outlook through 2024 and key market trends are not expected.
A number of trends will drive sales of off-road equipment at the global level – particularly gains in construction, farming, and manufacturing, applications.
Freedonia Group analysis of the global major household appliances market shows where challenges are being felt most strongly and the best opportunities for future growth. See the four key areas to watch.