Taipei, Thursday, Apr 25, 2017, 01:09

Reports

Chinese Refrigerator, Air Conditioner, Washing Machine Industry Concentration Remains High in 2016

By MIC
Published: Apr 17,2017

When it comes to shipment volume of four major home appliances in China from January to December in 2016 based on statistics by China's National Bureau of Statistics, the refrigerator industry topped 92.4 million units, up 4.6% year-on-year; the air conditioner industry reached 160.5 million units, up 4.5% year-on-year; the washing machine industry hit 76.2 million units, up 4.9% year-on-year; the LCD TV industry reached 174.8 million units, up 8.7% year-on-year.

More on This

Huawei, Inspur, and Lenovo Account for 70% of the Server Market in China, Says MIC

In the fourth quarter of 2016, shipment volume of the Taiwanese server system shipped at the full system/barebones levels totaled about 1...

Smartwatch is Becoming the Major Growth Driver for Wrist Wearables

With 41.8 million units sold and an annual growth rate of 67% in 2016, smartwatch is expected to sustain an annual growth rate of 50% and achieve a sales volume of 62...


According to MIC (Market Intelligence and Consulting Institute), a Taipei-based research institute, that Chinese homegrown brands have accounted for a majority share in local home appliances, especially washing machine, refrigerator, and air conditioner.


MIC noted, in January 2017, Haier and Littleswan accounted for over 40% of the Chinese washing machine market, while Haier and Midea took up for nearly 40% of the refrigerator market.


As for air conditioners, Gree and Midea had a whopping share of over 60%. The Chinese LCD market concentration is relatively low and is more equally distributed, with Hisense and Haier being the top two brands in terms of sales volume in January 2017,



Figure 1: Chinese Home Appliance Shipment Volume, January 2016 - January 2017 / Thousand Units (Source: MIC, April 2017)
Figure 1: Chinese Home Appliance Shipment Volume, January 2016 - January 2017 / Thousand Units (Source: MIC, April 2017)

171 Read

comments powered by Disqus