Data & Research

Data | Retail Sales of Household Appliances and Audio-Visual Equipment in November up 22.2% YoY

On December 16, the National Bureau of Statistics released the economic performance report for November. In terms of consumption, in November, total retail sales of consumer goods amounted to 4.3763 trillion yuan, a 3.0% increase year-on-year, with a month-on-month increase of 0.16%. Notably, the ...

Will pet appliances become the next battleground?

The enormous potential of the pet economy has attracted players from all industries to enter the market. In this blue ocean, the pet appliance market is rapidly growing. Traditional home appliance giants such as Haier and Panasonic, as well as emerging pet appliance brands like Homerun and PETKIT,...

Development of China's cleaning appliance industry

At IFA 2024, Chinese cleaning appliance brands such as Ecovacs, Dreame, Roborock, Narwal, and JIMMY made a strong presence. After years of development, Chinese cleaning appliance players expand sales worldwide and stand strong under their self-developed brands driven by advanced technology.

Overall development of China’s home appliance industry from Jan to July 2024

In the first half of 2024, China’s home appliance industry was under a continued influence posed by the downturn in the real estate sector and weak consumer expectations. The trade-in policy was introduced but produced little effect in the first half of 2024 as it was in the early implementation...

Performance of China’s air conditioner industry in FY2024

While the scorching summers attracted an influx of new players into China’s air conditioner industry in the past two years, the industry’s total production capacity was spiked up by 20 million units in only a year. Entering FY2024 (from September 2023 to August 2024) or the so-called “Cooling...