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Household Electronics

The global household electronics industry had suffered a considerable impact with the slowing down of year-on-year growth, however, has come to a stable state over the past few years.

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Household Electronics

Household Electronics

The global household electronics industry had suffered a considerable impact with the slowing down of year-on-year growth, however, has come to a stable state over the past few years. In addition, increasing household income in emerging economies have kept the market buoyant. This factor has also contributed towards the expansion in profit margins, as strong consumer demands have enabled companies to increase their output levels while also raising per-unit selling prices. Also, the shifting of manufacturing activities to the relatively cost-effective economies has also allowed industry players to cut down their costs of production and allowed them to focus on R&D.

The other major drivers in the market include increasing urbanization, new product innovation, rise in the working class and increasing housing activity globally. The implementation of technological changes in household appliances will possibly drive this industry. Market research reports from Triton Research also shows that the home electronics segment will be depicting the highest growth rate in the coming years.

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