Research and Markets: Household Appliances - White Goods - Market Report 2004.DUBLIN, Ireland -- The Total Market Value for Household Appliances (White Goods) Reached GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 2.76Bn in 2003, Only a 1.7% Increase from 2002 Research and Markets (http://www.researchandmarkets.com) has announced the addition of Household Appliances (White Goods) Market Report 2004 to their offering. This report provides an analysis of the UK market for the "White Goods" category of household appliances. Information provided includes: -Executive Summary-Market Definition-Market Size-Industry Background-Competitor Analysis-Strengths, Weaknesses, Opportunities and Threats-Buying Behaviour-Current Issues-The Global Market-Forecasts-Company Profiles-Further Sources This report on household appliances covers the so-called white goods of home laundry Laundry can be:
Before industrialization and dishwashers, cooking appliances and cooling equipment. The total market value for household appliances (white goods) reached GBP 2.76bn in 2003, only a 1.7% increase from 2002. The UK market for such goods is one of maturity where only the categories of dishwashers and tumble driers have much potential to increase volume sales. The main opportunity to increase the value of the white goods market is through technological innovation. The largest sector by value is home laundry appliances and dishwashers (37%) of the total market. The state of the economy and of the housing market are particularly important to the demand for white goods, since purchases may often be deferred, consumers can opt for cheaper items than they may have wanted and it is a move to a new house that frequently triggers the purchase of household goods, whether for the first time or as a replacement. If value growth is difficult to achieve, so is volume growth. However, one of the key global areas for growth is Central and Eastern Europe The term "Central and Eastern Europe" came into wide spread use, replacing "Eastern bloc", to describe former Communist countries in Europe, after the collapse of the Iron Curtain in 1989/90. , a large region with a population of some 400 million people and where penetration levels of household appliances are still low. The UK has a substantial, and rising, trade deficit in electrical household goods, the only product category where exports exceeded imports in 2002 being that of clothes drying machines. This is thanks, in no small part, to the high level of exports from Crosslee PLC Crosslee plc is an appliances company formed from the tumble dryer division of Philips. Its best known products are White Knight brand tumble dryers. The company is based in Halifax, West Yorkshire, England. In 2004 it sold 650,000 units, mostly for export. , Europe's largest tumble dryer tumble dryer or drier Noun an electrically-operated machine that dries wet laundry by rotating it in warmed air inside a metal drum tumble dryer n (BRIT) → secadora manufacturer. The white goods market of 2003 is dominated by a small number of multinational manufacturers with well-known brands. Consolidation among them continues, with the most recent shake-up being the UK operations of General Domestic Appliances domestic appliance domestic n → appareil ménager Ltd and Merloni Domestic Appliances Ltd, which have come together as Merloni Elettrodomestici UK Ltd, part of the Italian Merloni Group. Jobs have already been lost at the company's Hotpoint factory in Denbighshire. The retail side of the industry, meanwhile, saw the UK's third largest, and biggest independent, electrical retailer placed into receivership receivership In law, state of being in the hands of a receiver, a person appointed by the court to administer, conserve, rehabilitate, or liquidate the assets of an insolvent corporation for the protection or relief of creditors. in the summer of 2003. Moreover, the outlook for retailers is likely to get even bleaker as the Competition Commission is expected to introduce new rules on the marketing of extended warranties The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , a lucrative market for retailers but arguably ar·gu·a·ble adj. 1. Open to argument: an arguable question, still unresolved. 2. That can be argued plausibly; defensible in argument: three arguable points of law. an unnecessary expense from the consumers' point of view. The total white goods market is expected to enjoy a modest growth in value of around 1.7% in 2004, increasing by 6.5% between 2003 and 2008. For more information visit http://www.researchandmarkets.com/reports/c4410 |
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