Vietnam Household Appliances Market (2020-2026) | Size, Share, Growth, Value, Revenue, Analysis, Trends, Industry, Segmentation, Outlook & COVID-19 IMPACT

Vietnam household appliances market is expected to reach USD 10.6 billion by 2026, growing at a CAGR of 18% during the forecast period 2020-2026. This growth is attributed to increasing disposable income and rising penetration levels in rural areas as well as urban areas. Increasing investment for infrastructure development has also driven the demand for consumer electronics products in Vietnam over the forecast period. The emergence of emerging technologies such as smart homes and connected home systems are further anticipated to drive the market growth over the coming years.

The product categories such as air conditioners, refrigerators, washing machines and others have witnessed high demand from consumers due to increased purchasing power of Vietnamese consumers coupled with rapid urbanization resulting in vast improvement in lifestyles across different regions within this country. Furthermore, growing concerns towards energy efficiency amongst customers along with an increase in online sales platforms will boost overall industry expansion during the projected timeline..

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