News
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Household Appliances
Miele has begun participating as a new partner in the “Impact Hub Berlin” Circular Economy Ecosystem – working to develop innovative solutions for individuals and the environment. The goal is for each organisation to learn from each other and promote innovative start-ups and projects. With 3,500 m² dedicated to sustainability topics, Europe's largest co-working space opened its doors in Berlin in February. At the Impact Hub Berlin, companies and organisations can work...
Communication & Connectivity
According to ResearchAndMarkets.com, the global market for power banks, estimated at US$8.5bn (€8.14bn) in the year 2020, is projected to reach a size of US$16.1bn (€15.41bn) by 2026, growing at a CAGR of 11.1% over the analysis period. The global market for mobile phone accessories including power banks is growing at a steady rate driven by increasing sales of handheld mobile devices such as smartphones and tablets. The report, entitled “Power Banks – Global...
Trade talk
From 2 to 6 September at IFA 2022, a massive selection of world renowned consumer and home electronics brands will be presenting their innovations and products at the Berlin Exhibition Grounds. This September, IFA is clearly living up to its expectations again as the world's leading trade fair for consumer and home electronics. Brand names from around the world and all parts of the industry have now confirmed their participation in the event. Occupying more than 30...
According to a new study released by Transparency Market Research, the value of the global flexible display market stood at US$14.9bn (€14.17bn) in 2021, and the market is likely to expand at a CAGR of 33.1% during the forecast period, from 2022 to 2031. The global flexible display market is predicted to surpass the valuation of US$242.6bn (€230.78bn) by 2031. Flexible displays include characteristics such as plastic-like thinness, light weight, and durability, as...
Imaging
The photo printing and merchandise market size is expected to increase to US$5.8bn (€5.48bn) from 2021 to 2026, with market growth of CAGR of 5.12% according to the latest market report by Technavio. The growing prominence of print-on-demand services is one of the key photo printing and merchandise market trends supporting the market growth. Primarily, digital printing is widely used for the on-demand printing of products, such as children's books that are...
Management consulting company Gartner has released its annual overview of key technology trends that can benefit digital business. There are a range of strategic technology trends listed that can help grow, digitalise and get the most out of a business. Data fabric architecture integral to modernising data management Data fabric architecture has been regarded as one of the most important strategic technology trends. Data fabric is described as a design concept that uses...
Household Appliances
According to the Business Research company, the global household laundry equipment market size is expected to grow from $101.43 billion (€96.76bn) in 2021 to $110.84 billion (€105.74bn) in 2022 at a compound annual growth rate (CAGR) of 9.3%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and...
According to the Business Research company, the global household laundry equipment market size is expected to grow from $101.43 billion (€96.76bn) in 2021 to $110.84 billion (€105.74bn) in 2022 at a compound annual growth rate (CAGR) of 9.3%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and...
A new report just published by gfu indicates that the market for home electronics products, represented in the HEMIX, Home Electronics Market Index, was up 7.5% in the first quarter of 2022 compared to the same period last year. In the months from January to March 2022, a total sales volume of almost €12bn was achieved. The market figures for the HE industry are collected by the industry organisation gfu Consumer & Home Electronics GmbH and GfK together for all market...
Communication & Connectivity
According to ResearchAndMarkets, the global mobile phone accessories market reached a value of US$80.44 billion (approx. €75bn) in 2021. In a newly released research report, the organisation says that looking forward, the market is projected to reach a value of US$116.39 billion (approx. €109bn) by 2027, exhibiting a CAGR of 6.10% during 2022-2027. Mobile phone accessories comprise any hardware or software not integral to the operation of a mobile phone as designed...
Household Appliances
Smart Home
According to a new report by Technavio, the global smart kitchen appliance market size is expected to increase by USD9.4bn (approx. €8.75bn) between 2020 and 2025, expanding at a CAGR of 12.65%. The report provides a detailed analysis of the vendor landscape, growth opportunities across business segments, and market growth across regions. The global smart kitchen appliance market is, says Technavio, quite fragmented. The market is characterised by the presence of several...
Fitness
Digital Health & Wearables
The Covid-19 pandemic led to a boom in demand for digital and virtual reality fitness products and services. And such services are unlikely to be just a temporary trend, according to a report from eMarketer, revealing the long-term influence that virtual workouts will have on the fitness industry. It is thought that the home tech workout industry may not enjoy the same rapid growth that was first seen during the Covid-19 pandemic. However, these programmes and services seem...
Household Appliances
Whirlpool Corporation has collaborated with Habitat for Humanity International to produce a study that demonstrates the potential savings low-income households may save with the use of energy-efficient appliances. The Donated Product Energy Efficiency study, which captured energy use of donated ranges and refrigerators in Habitat homes between 2018 and 2020 across Habitat's US affiliated network, is part of Whirlpool Corporation's House+Home initiative, a cornerstone of its...
Trade talk
One hundred days before IFA 2022 opens its doors, Messe Berlin has appointed David Ruetz and Kai Mangelberger as the new dual heads of IFA 2022. This team replaces the previous IFA leadership of Jens Heithecker and Dirk Koslowski. “IFA will be even stronger when it returns in September. Our preparations are well under way. The market's expectations are high. As the world's leading trade fair for consumer and home electronics, we are ready to give the industry...
Fitness
Digital Health & Wearables
Smartwatches and wearable technology have sharply increased in popularity in recent years. That said, which features should developers look out for to maximise their devices and technology? Research provided in a new report from IDTechEx outlines the trends that could inform wearable fitness for years to come. For one, IDTechEx cited running as being one of the most popular activities that's tracked by motion sensors in watches. Motion sensors are used to track the distance...
Trade talk
With a slowing market following the Covid “boom, it is now “even more important for retailers and manufacturers to identify growth potential and secure their margins,” says Ines Haaga, GfK expert for technical consumer goods (TCG). “Companies must adapt to consumer product preferences to continue to be successful in 2022.” Indeed, with global revenue growing by 12%, GfK reports 2021 was a record year for the consumer tech and durables segment. According to GfK...
Computing
Gaming
New research has revealed that the global gaming headset market, estimated at €1 billion in 2021, is forecast to grow to €3bn by 2030, at a compound annual growth rate (CAGR) of 7.5%. Report Ocean says the gaming industry is forecast to witness innumerable opportunities in the coming years, owing to the rising interest of youth in mobile gaming. According to a 2019 report by United Nations Environment Program (UNEP), nearly 2.3 billion people play video games, and...
May 19, 2022
IFA Berlin is making a large-scale and real-life return this year, from 2-6 September 2022. And to make trade visitors the return to IFA Berlin as easy as possible, the IFA 2022 ticket shop is now open, with a special Super-Early-Bird-Ticket that costs just €35 – available only until 31 May. Indeed, brands, manufacturers and retailers alike are queuing up to travel to Berlin, following a two-year hiatus caused by the Covid pandemic. Two-thirds of IFA's top exhibitors...
Trade talk
Google's Omnichannel Excellence Study (GOES), undertaken in conjunction with the German Retail Federation (HDE) has placed MediaMarkt at the top of the pack when it comes to offering an attractive customer experience across all sales channels in Germany. “We are very pleased to have scored so well in this renowned study, this is a great confirmation for our team, which is doing a fantastic job,” said Dr Karsten Wildberger, CEO of CECONOMY and MediaMarktSaturn. “The...
Smart Home
A new white paper highlights that almost two-thirds of prospective multi-dwelling unit (MDU) residents report that pre-installation of smart home devices is an important factor when selecting a new home. Parks Associates' Doing IoT Right: Top Practices for Multi-Dwelling Units, states that, currently, 34% of MDU property managers offer internet-connected or smart home devices to residents in at least one property they manage. The white paper, developed in partnership with...