How will the growing pet economy affect home appliance industry?

With Xiaomi rolling out its pet water dispenser on March 18 2020, an unleashed market centering on pets surfaced. Will the growing pet economy inject fresh vitality to home appliance industry? And how will the industry take it?

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Performance of China’s home appliance industry for Q1 2020

China’s home appliance industry saw revenue down by 26.39% year-on-year to 248.01 billion Yuan, and profit down by 44% to 11.3 billion Yuan from January to March 2020, of which refrigerating sector plunged by 17% in sales growth and 40.6% in profit growth, air conditioner sector 31% and 41.36%...

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Household water heater sector presses ahead against headwinds

Water heater enterprises were caught unprepared by the sudden outbreak of coronavirus, though the sluggish 2019 has prepared them for tough years ahead. As a category that needs home installation, the sector was hard hit by the outbreak in Q1 with market size suffering a big shrink. But as...

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Online channels account for more than 50% of home appliance sales for the first time

China’s home appliance industry saw total retail sales value down by 35.8% year-on-year to 120.4 billion Yuan in Q1, of which online channels account for more than 50% for the first time at 55.8%, according to a market report on home appliance industry for Q1 released by China Center for...

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Data |Omni-channel retail sales of drinking water filtration system fell by 10% in Q1

Drinking water filtration system saw retail sales volume and sales value down by 52.4% and 53.8% respectively at offline channels, up by 43.5% and 12.1% respectively at online channels in Q1 2020, according to China Market Monitor (CMM). Omni-channel retail sales of the category has been down by 10%...

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