Market Trends of United States Washing Machine Industry
Technological Advancement Boosting the Market
IoT is considered one of the key technologies enabling and driving digital transformation. The ability of devices to sense and transmit data through networks and connectivity creates extensive amounts of data that help companies achieve considerable benefits but would be impossible for humans to handle.
Internet of Things (IoT) refers to everyday physical devices connected to and interconnected with the Internet. These 'things' are embedded with electronics, sensors, software, actuators, and network connectivity, allowing them to collect, send and receive data and to connect and interact with other devices. Data collection and exchange enable optimizing processes, monitoring environments, and performing computations or mathematical calculations.
Increasing Sales through Online Distribution Channel in United States
In the current year, Sales through the distribution channel were 43.8%, up 4% from the previous year and expected to cross 50% in the next 3 years.
In the United States, if categorized by age, people below age 35 (35% refer to online purchases, 5% OEM stores, 45% Offline stores, and the rest 15% search for other ways), whereas ages between 35 - 54 (20%, 2%, 58% and 20%) and people aging more than 55 years (10%, 2%, 58% and 30%). There is a huge demand for online purchases from the age group below 35 years pandemic being the sole reason.
