Global Domestic Appliance Markets Resilient in Turbulent Times
At the GfK Global Domestic Appliance Conference held on 11th March 2010 in Milan, Italy, experts highlighted the global key trends for Major and Small Domestic Appliances... For the total year 2009, GfK Retail and Technology estimates a decrease in global MDA turnover of around 8%. In the US the downturn led to a strong reduction of MDA sales of around 12%, mainly due to the ailing housing market and weak consumer spendings.
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Domestic Appliances Markets Defy the Crisis
One important driving factor within MDA has been the worldwide trend towards energy efficient products. This trend has continued in particular in well developed countries in Western Europe, Japan and Australia despite the economic crisis and has led to increasing sales in the upper price segment of energy intensive product groups such as Refrigerators, Tumble Dryers and Washing Machines.
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Tourism Industry on Road to Recovery as Demand Increases Across Europe
Vacation demand has stabilized for the 2010 summer season in Germany and in the UK in particular, two of the largest tourism source markets in Europe. The greatest growth has been recorded for vacations in Turkey and Egypt. Additionally, cruises are currently proving popular across Europe.
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Personal Care Products Performance Drives Italian SDA Market Revenue Down
As in many other Durable Goods sectors, Italian Small Domestic Appliances (SDA) has been impacted by the global financial crisis. Total turnover for the SDA market decreased by 3.7%; from 1.1 million euro in 2008 to stand at 1.06 million euro for 2009.
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Irish SDA Market – A Testing 2009 Across the Board
The year 2009 has proved tough for the Irish SDA markets with most product areas seeing a decline versus 2008. Kitchen Appliances reported a 3.3% growth in volume but a 7.4% fall in value compared to 2008, suggesting that consumers have been attracted to the variety of aggressive...
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