The Covid-19 pandemic has created an uptick in demand in the household appliances market. With people spending more time at home due to contact restrictions, lockdowns, and work from home, consumers invested more money into their homes with fewer opportunities to spend money elsewhere. In the global cookers & ovens market, this trend increased revenue by 10 percent globally in 2020 compared to 2019. This trend continued in 2021, with revenues in the segment forecast to grow by an additional six percent during the year. By 2022 the market for household appliances is projected to fall back to 2020 levels, as many consumers will have satisfied their need for replacing older appliances or investing in new ones.
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