Home Appliances News

Recent industry report about Home Appliances company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Home Appliances Market industry experts.

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Home Appliances News

  • November 2022: Lowe's expanded its assortment of premium appliances through a new partnership with Miele. Their partnership with Miele reaffirmed Lowe's commitment to ensure that they have new, high-quality offerings across all price points.
  • April 2022: Samsung partnered with ABB Group, a leader in power and automation solutions. This partnership aimed to expedite the integration of SmartThings into more buildings and homes. Additionally, this partnership would allow users to lower costs and create a more positive environmental impact.

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  • In May 2023, Samsung, launched its 2023 range of semi-automatic washing machines that come with new features such as Soft Closing Toughened Glass Lid and Dual Magic Filter. These added features make this latest range an ideal purchase for a seamless laundry experience.
  • In March 2023, Haier, announced the launch of its new line-up of anti-scaling top load washing machines. Powered by Haier's anti-scaling technology, bionic magic filter, and 3D rolling wash, the new range complements modern lifestyle needs making the laundry experience efficient, simple, and effortless along with taking care for fabric.
  • In Januaruy 2023, Samsung, announced the launch of its top-of-the-line, premium Side-by-Side Refrigerator range. This new range is 100% manufactured in India and comes with several India-specific features based on consumer insights that will make the lives of consumers convenient and better.
  • In August 2020, Samsung Electronics Co. Ltd announced the launch of a new RB7300 refrigerator that delivers core cooling performance while offering a large, flexible capacity to meet all types of food storage needs.
  • April 2022: Betterware de México completed the acquisition of JAFRA's operations in Mexico and the United States, along with JAFRA's trademark rights worldwide. Betterware's wide product portfolio includes home organization, kitchen, commuting, laundry, and products and solutions for every corner of the household.
  • October 2022: Samsung opened its first Latin America Bespoke Home Flagship Store in Mexico City. Bespoke Home Flagship Store was to provide users with home appliances that included refrigerators, dishwashers, ovens, washing machines, dryers, and vacuum cleaners, all in one place.
  • In December 2023, Godrej & Boyce, a pioneer in driving sustainable practices in business launched Conscious Collective - a new initiative from the Godrej Design Lab. The first edition of Conscious Collective aspires to herald a new era of design-led innovation with a strong focus on sustainability and circularity that help consumers make conscious choices.
  • In April 2023, India's First-Ever Safety Application for Material Handling Godrej and Boyce, India's flagship company launched i-Report, its innovative safety solution to improve safety in the material handling industry in India. The app will help to bridge the gaps in the industry’s safety policy and standards by providing a 360-degree safety solution to their customers as well as business partners by providing remote and real-time incident reporting and audit capabilities, as well as training and consultation. 
  • June 2023: The FITOUT, one of the leading providers of comprehensive interior solutions in the Middle East and a subsidiary of Union Properties, has collaborated with the Gurian, an Italian furniture manufacturing company, to expand its product offerings and introduce Italy's finest luxury furniture to the UAE market.
  • June 2023: Vivium Holding, a progressive single family office announces a strategic distribution agreement with Kettal, the renowned Spanish outdoor furniture brand driven by design and innovation. With Kettal's first UAE store to debut early next year, the collaboration adds to Vivium Holding's growing investments portfolio
  • In 2022, Japanese furniture and home furnishing brand Nitori Retail has opened its first outlet in Singapore on March 31, spanning 31,630 sq ft on level four of Courts Nojima The Heeren in Orchard.
  • In 2022, IKEA and H&M are teaming up to create an 'ideas factory' on the high street that aims to seek out, mentor and promote designers and small-scale manufacturers in London.
  • August 2022: Linum Ceramic announced the launch of one of the largest production facilities in Morbi, Gujarat. The new manufacturing facility was expected to be 5.6 lakh square feet in size and would likely highlight the manufacture of Linum ceramic.
  • January 2022: Somany Ceramics, a manufacturer of tiles and bathroom fittings, estimates about USD 200 million aimed at capacity expansion; the capital expenditure was likely to result in a 20% capacity boost across its operations in south, west, and north India, allowing it to meet increasing demand after a rise in house sales.
  • In May 2023, Samsung, launched its 2023 range of semi-automatic washing machines that come with new features such as Soft Closing Toughened Glass Lid and Dual Magic Filter. These added features make this latest range an ideal purchase for a seamless laundry experience.
  • In March 2023, Haier, announced the launch of its new line-up of anti-scaling top load washing machines. Powered by Haier's anti-scaling technology, bionic magic filter, and 3D rolling wash, the new range complements modern lifestyle needs making the laundry experience efficient, simple, and effortless along with taking care for fabric.
  • In Januaruy 2023, Samsung, announced the launch of its top-of-the-line, premium Side-by-Side Refrigerator range. This new range is 100% manufactured in India and comes with several India-specific features based on consumer insights that will make the lives of consumers convenient and better.
  • September 2023: International firms are rapidly expanding into the Vietnam furniture industry as a result of lower tariffs, an easy trading environment, convenient logistic services, and a wide range of materials for manufacturing furniture in the country. Denmark’s JYSK and BoConcept are the leading international players in this expansion. The international players are aiming to establish their manufacturing plants as well as to capture the Vietnamese furniture retail chain.
  • July 2023: AA Corporation completed the interior fit-out works, supplying and installing millwork and loose furniture at the Regent Phu Quoc resort. The resort has 176 suites and 126 villas with spacious rooms, and AA Corporation has supplied luxurious furniture for these rooms and suits. For this project, the company has provided mixed-use furniture development comprising luxury residences and a hotel.
  • January 2022: IKEA improved its e-commerce capabilities after having difficulty adapting after the pandemic. This was expected to improve its exports and imports across the globe and in Vietnam.
  • August 2022: Cybeart, a Canadian manufacturer of premium gaming accessories, announced the world's first Lord of the Rings Chair on 25th August 2022. In addition to Cybeart's existing range of officially licensed products, the upcoming product line will be a continuation of its ongoing partnership with Warner Bros.
  • June 2022: CORSAIR, a world leader in PC gaming peripherals and enthusiast components, launched the new CORSAIR TC200 Fabric Gaming Chair and the CORSAIR TC200 Leatherette Gaming Chair, a pair of bold new additions to the growing CORSAIR gaming furniture lineup. Each chair's racing-inspired design features a wide seat surface and extended height range, to accommodate taller individuals and help them sit in a relaxed position while gaming.

Home Appliance Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)