LONDON–(BUSINESS WIRE)–The dishwasher market is expected to grow by USD 1.34 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the dishwasher market in optimistic, probable, and pessimistic forecast scenarios.
Enterprises will go through Response, Recovery and Renew phases. Download a Free Sample Report on COVID-19
The dishwasher market will witness Negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to Decrease as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 and crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
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Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Dishwasher Market Participants:
AB Electrolux operates its business in Europe, North America, Latin America, and Asia-Pacific, Middle East, and Africa. The company offers a range of freestanding and built-in dishwashers. In addition, the company also offers additional range of dishwashers through its Frigidaire brand.
Haier Smart Home Co. Ltd.
Haier Smart Home Co. Ltd. operates its business under various segments such as refrigerator, air conditioner, washing machine, kitchen appliance, water appliance, and equipment product and integrated channel services. The company offers a wide range of dishwasher products under Built-In Top Control Dishwashers, Built-In Front Control Dishwashers, Under-the-Sink Dishwashers, and Portable Dishwashers categories through its GE Appliances business division.
LG Electronics Inc.
LG Electronics Inc. operates its business under seven segments, which include home appliance & air solution, home entertainment, mobile communications, vehicle components, business-to-business, LG Innotek, and other segments. The company offers a wide range of front control and top control dishwashers.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technvaio.com/report/dishwasher-market-industry-analysis
Dishwasher Market 2020-2024: Segmentation
Dishwasher market is segmented as below:
- Freestanding Dishwasher
- Built-in Dishwasher
- North America
- South America
The dishwasher market is driven by changing kitchen designs. In addition, other factors such as rising use of stainless-steel dishwasher interiors is expected to trigger the dishwasher market toward witnessing a CAGR of over 1% during the forecast period.
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- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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