Wednesday, 7 February 2018

Household Laundry Care Cabinets Market Key Trends and Opportunity Analysis 2018-2022

MRC Announces the Publication of its Research Report – Global Household Laundry Care Cabinets Market 2018-2022

MRC recognizes the following companies as the key players in the global household laundry care cabinets market: G&E Automatic Equipment, Gorenje, Nimoverken, PODAB, Whirlpool Corporation.
Commenting on the report, an analyst from MRC’s team said: “The latest trend gaining momentum in the market is rising online sales of household laundry care cabinets. Increasing online sales of household laundry care cabinets are expected to emerge as pivotal factors driving the market during the forecast period. The key leading vendors in the market like Gorenje (Asko Appliances and UPO) and Whirlpool Corporation have a huge online presence and have started selling products through their own websites or listing products on other e-commerce sites.”
According to the report, one of the major drivers for this market is Technology innovation and portfolio extension leading to product premiumization. Vendors are strengthening their product mix by introducing high-priced variants of laundry care cabinets. Brands also work with varied materials to enhance their product portfolios. Innovations in design also allow the key vendors and brands to maintain high brand associations and create product differentiation and value proposition for potential and prospective customers. Every material and design is marketed with key messages to create product differentiation and widen the product portfolio of assorted brands.
Further, the report states that one of the major factors hindering the growth of this market is Fluctuations in cost of raw materials. Raw materials used in household laundry care cabinets are metal, aluminum, clothe hangers, condensers, compressors, and fans to circulate air inside the cabinet. The rise in prices of metal and addition of smart connected technology and programs can affect the profit margins of manufacturers and distributors and ultimately result in high cost for end-consumers. This is a great challenge for manufacturers.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Some points from TOC:-
 Table of Contents
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
• Market outline
• Market ecosystem
• Market characteristics
• Market segmentation analysis
PART 05: MARKET SIZING
• Market definition
• Market sizing 2017
• Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition
……………….Continued
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