Freedonia Group, Inc.: Demand for Household Appliances in China to Exceed 138 Million Units in 2010
14th Nov 2006, 19:47 GMT
CLEVELAND, OH (MARKET WIRE) Demand for major household appliances in China is projected to increase 4.5 percent per annum through 2010 to 138 million units, outpacing growth in most other parts of the world. Low penetration rates for most major appliances -- especially in comparison to the penetration rates in developed countries -- will be the key reason for growth in demand. Advances will also be boosted by healthy household
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