The graph shows the retail trade revenue of household appliances and consumer electronics in China from August 2016 to August 2019. In August 2019, retail sales of household appliances and consumer electronics in China had amounted to about 68.7 billion yuan.
Electrical appliances in China – additional information
The household appliance industry in China has grown into a multi-billion dollar industry. In 2013 alone, revenue generated in the Chinese electrical appliances sector had amounted to about 1,284 billion yuan. As the Chinese home appliance industry flourishes, Chinese household electronics companies play an increasingly important role in the global market. Since 2014, Chinese company Midea Group had been the world’s largest household appliance company with a total sales value of approximately 39.8 billion U.S. dollars in 2019. Another Chinese company, Gree Electric Appliances, ranked second with a total sales value of about 28.5 billion U.S. dollars.
Per capita expenditure of private households on household appliances and consumer electronics in China had skyrocketed from approximately 110 yuan in 1990 to 1,525 yuan in 2017, and continues to grow. Market growth of the Chinese household appliances market was mainly driven by rising individual income levels and growing urbanization. In 2017, annual growth of the household appliances market in China was around nine percent.
Electrical appliances in China – additional information
The household appliance industry in China has grown into a multi-billion dollar industry. In 2013 alone, revenue generated in the Chinese electrical appliances sector had amounted to about 1,284 billion yuan. As the Chinese home appliance industry flourishes, Chinese household electronics companies play an increasingly important role in the global market. Since 2014, Chinese company Midea Group had been the world’s largest household appliance company with a total sales value of approximately 39.8 billion U.S. dollars in 2019. Another Chinese company, Gree Electric Appliances, ranked second with a total sales value of about 28.5 billion U.S. dollars.
Per capita expenditure of private households on household appliances and consumer electronics in China had skyrocketed from approximately 110 yuan in 1990 to 1,525 yuan in 2017, and continues to grow. Market growth of the Chinese household appliances market was mainly driven by rising individual income levels and growing urbanization. In 2017, annual growth of the household appliances market in China was around nine percent.
