Retail Observer

September 2016

The Retail Observer is an industry leading magazine for INDEPENDENT RETAILERS in Major Appliances, Consumer Electronics and Home Furnishings

Issue link: https://www.epageflip.net/i/720027

Contents of this Issue

Navigation

Page 31 of 83

RETAILOBSERVER.COM SEPTEMBER 2016 32 O ne of the most important trends in the domestic appliances industry is the visibly growing share of 'smart' products. Over the last few years, major domestic appliances have become increasingly technologically advanced. Sophisticated features like auto dosage in washing machines, various self-cleaning functions in ovens, noiseless inverter motors, flexible induction, etc. have made their way into consumers' homes. Continuing on from 'smart', the time has now come for the products to become connected. From having almost no market share four years ago, 2016 shows tremendous development for connected appliances. Connected washing machines have exceeded seven percent of the washing machine market value in Europe, eight percent in Asia and more than ten percent in the Middle East and North Africa. Overall, China boasts one of the highest shares of connected appliances globally. This growth of connected appliances also is visible within the refrigerators, hobs, hoods and ovens. While other product groups are lagging behind, the question is, for how long? Overall connected appliances show double and, in some cases, triple growth compared to last year, throughout the globe. GfK is the trusted source of relevant market and consumer information that enables its clients to make smarter decisions. More than 13,000 market research experts combine their passion with GfK's long-standing data science experience. This allows GfK to deliver vital global insights matched with local market intelligence from more than 100 countries. By using innovative technologies and data sciences, GfK turns big data into smart data, enabling its clients to improve their competitive edge and enrich consumers' experiences and choices. For more information, please visit www.gfk.com or follow GfK on Twitter: www.twitter.com/GfK. C O N N E C T E D H O M E [ G F K ] CONNECTING FOR GROWTH RO

Articles in this issue

Archives of this issue

view archives of Retail Observer - September 2016