Summary
As the world continues to deal with COVID-19, economies are moving into recession, under multiple adverse factors, the GDP of European and American countries in the second quarter suffered a historical contraction. At an annualized rate, the US GDP fell by 32.9% month on month, while the overall GDP of the euro zone fell by 12.1%.
Moreover, the economic prospects of Europe and the United States in the third quarter under the epidemic situation are hardly optimistic. The resumption of work and production not only brought economic data back, but also triggered a rebound in the epidemic situation. At present, the United States is still the 'epicenter' of the global epidemic. The total number of confirmed cases has exceeded 4.8 million, and the epidemic situation in some European countries has also rebounded. Affected by this, more than 20 states in the United States have announced the suspension or withdrawal of part of the economic restart plan. Britain and Italy have also decided to extend the state of emergency. The rebound of the epidemic situation has posed considerable risks to the economic prospects of Europe and the United States.
In the second quarter of this year, US GDP shrank by 9.5% on a month on month basis, or 32.9% at an annual rate, the largest decline since the 1940s. Data show that the sharp decline in personal consumption is the main drag on the U.S. GDP growth in the second quarter.
Compared with the United States, Europe's economic contraction in the second quarter was smaller, but it was also the lowest on record, with Germany and France contracting more than 10%. According to the data released by the Federal Bureau of statistics, Germany's GDP fell by 10.1% in the second quarter after adjusting for prices, seasons and working days, the largest decline since the quarterly economic data were available in 1970.
Thanks to the effective control and policy support of the new epidemic, China's economy rebounded sharply in the second quarter. The growth rate of manufacturing industry, which accounted for about 28% of GDP, rebounded sharply to 4.4% from the negative value in the first quarter. Chinese original equipment manufacturers (OEMs) and suppliers are ramping up production. And there are increased investments in digital footprints in manufacturing. OEMs in other parts of the world are offering incentives to drive sales. XYZResearch published a report for global Garment Steamer market in this environment.
In terms of revenue, this research report indicated that the global Garment Steamer market was valued at USD XXX million in 2019, and it is expected to reach a value of USD XXX million by 2026, at a CAGR of XX % over the forecast period 2021-2026. Correspondingly, the forecast analysis of Garment Steamer industry comprises of China, USA, Japan, India, Korea and South America, with the production and revenue data in each of the sub-segments.
The ? ? PHILIPS aims at producing XX Garment Steamer in 2020, with XX % production to take place in global market, ? ? Midea accounts for a volume share of XX %.
Regional Segmentation (Value; Revenue, USD Million, 2015 - 2026) of Garment Steamer Market by XYZResearch Include
China
EU
USA
Japan
India
Southeast Asia
South America
Competitive Analysis; Who are the Major Players in Garment Steamer Market?
PHILIPS
Midea
SALAV
LittleDuck
Panasonic
HG
Haier
CHIGO
POVOS
Hongxin
SUPOR
FLYCO
HOMETOP
GOODWAY
MAIER
LEXY
HAAN
SID
SKG
...
Major Type of Garment Steamer Covered in XYZResearch report:
Vertical Double Rod Hanging Ironing Machine
Vertical Single Rod Hanging Ironing Machine
Handheld Steamer
Application Segments Covered in XYZResearch Market
Home Use
Commercial Use
Application 3
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Table of Contents
Global Garment Steamer Market Analysis 2020, With Top Companies, Production, Revenue, Consumption, Price and Growth Rate
1 Market Scope
1.1 Product Details and Introduction
1.1.1 Vertical Double Rod Hanging Ironing Machine -Product Introduction and Major Manufacturers
1.1.2 Vertical Single Rod Hanging Ironing Machine -Product Introduction and Major Manufacturers
1.1.3 Handheld Steamer -Product Introduction and Major Manufacturers
1.2 Market Snapshot
1.2.1 Major Companies Overview
1.2.2 Market Concentration
1.2.3 Six-Year Compound Annual Growth Rate (CAGR)
2 Global Garment Steamer Market Assessment, by Segmentation
2.1 Type Breakdown Estimates & Forecast, Sales Volume (2015-2026)
2.2 Type Breakdown Estimates & Forecast, Sales Value (2015-2026)
2.3 Application Breakdown Estimates & Forecast, by Application (2015-2026)
3 Regional Market Analysis
3.1 China Garment Steamer Market
3.1.1 Top Companies leading Garment Steamer Development in China (2015-2020)
3.1.2 Sales Value of Major Company in China Market (2015-2020)
3.1.3 China Garment Steamer Price (USD/Unit), by Type (2019-2020)
3.1.4 Sales in China Market, by Type (2015-2026)
3.2 EU Garment Steamer Market
3.2.1 Top Companies leading Garment Steamer Development in EU (2015-2020)
3.2.2 Sales Value of Major Company in EU Market (2015-2020)
3.2.3 EU Garment Steamer Price (USD/Unit), by Type (2019-2020)
3.2.4 Sales in EU Market, by Type (2015-2026)
3.3 USA Garment Steamer Market
3.3.1 Top Companies leading Garment Steamer Development in USA (2015-2020)
3.3.2 Sales Value of Major Company in USA Market (2015-2020)
3.3.3 USA Garment Steamer Price (USD/Unit), by Type (2019-2020)
3.3.4 Sales in USA Market, by Type (2015-2026)
3.4 Japan Garment Steamer Market
3.4.1 Top Companies leading Garment Steamer Development in Japan (2015-2020)
3.4.2 Sales Value of Major Company in Japan Market (2015-2020)
3.4.3 Japan Garment Steamer Price (USD/Unit), by Type (2019-2020)
3.4.4 Sales in Japan Market, by Type (2015-2026)
3.5 India Garment Steamer Market
3.5.1 Top Companies leading Garment Steamer Development in India (2015-2020)
3.5.2 Sales Value of Major Company in India Market (2015-2020)
3.5.3 India Garment Steamer Price (USD/Unit), by Type (2019-2020)
3.5.4 Sales in India Market, by Type (2015-2026)
3.6 Southeast Asia Garment Steamer Market
3.6.1 Top Companies leading Garment Steamer Development in Southeast Asia (2015-2020)
3.6.2 Sales Value of Major Company in Southeast Asia Market (2015-2020)
3.6.3 Southeast Asia Garment Steamer Price (USD/Unit), by Type (2019-2020)
3.6.4 Sales in Southeast Asia Market, by Type (2015-2026)
3.7 South America Garment Steamer Market
3.7.1 Top Companies leading Garment Steamer Development in South America (2015-2020)
3.7.2 Sales Value of Major Company in South America Market (2015-2020)
3.7.3 South America Garment Steamer Price (USD/Unit), by Type (2019-2020)
3.7.4 Sales in South America Market, by Type (2015-2026)
4 Value Chain (Impact of COVID-19)
4.1 Garment Steamer Value Chain Analysis
4.1.1 Upstream
4.1.2 Downstream
4.2 COVID-19 Impact on Garment Steamer Industry
4.2.1 Industrial Policy Issued Under the Epidemic Situation
4.3 Cost-Under the Epidemic Situation
4.3.1 Cost of Raw Material
4.4 Channel Analysis
4.4.1 Distribution Channel-Under the Epidemic Situation
4.4.2 Distributors
5 Regional Market Forecast (2021-2026)
5.1 Global Garment Steamer Sales and Growth Rate (2021-2026)
5.2 Global Garment Steamer Sales Value and Growth Rate (2021-2026)
6 Garment Steamer Competitive Analysis
6.1 PHILIPS
6.1.1 PHILIPS Company Profiles
6.1.2 PHILIPS Product Introduction
6.1.3 PHILIPS Garment Steamer Production, Revenue (2015-2020)
6.1.4 SWOT Analysis
6.2 Midea
6.2.1 Midea Company Profiles
6.2.2 Midea Product Introduction
6.2.3 Midea Garment Steamer Production, Revenue (2015-2020)
6.2.4 SWOT Analysis
6.3 SALAV
6.3.1 SALAV Company Profiles
6.3.2 SALAV Product Introduction
6.3.3 SALAV Garment Steamer Production, Revenue (2015-2020)
6.3.4 SWOT Analysis
6.4 LittleDuck
6.4.1 LittleDuck Company Profiles
6.4.2 LittleDuck Product Introduction
6.4.3 LittleDuck Garment Steamer Production, Revenue (2015-2020)
6.4.4 SWOT Analysis
6.5 Panasonic
6.5.1 Panasonic Company Profiles
6.5.2 Panasonic Product Introduction
6.5.3 Panasonic Garment Steamer Production, Revenue (2015-2020)
6.5.4 SWOT Analysis
6.6 HG
6.6.1 HG Company Profiles
6.6.2 HG Product Introduction
6.6.3 HG Garment Steamer Production, Revenue (2015-2020)
6.6.4 SWOT Analysis
6.7 Haier
6.7.1 Haier Company Profiles
6.7.2 Haier Product Introduction
6.7.3 Haier Garment Steamer Production, Revenue (2015-2020)
6.7.4 SWOT Analysis
6.8 CHIGO
6.8.1 CHIGO Company Profiles
6.8.2 CHIGO Product Introduction
6.8.3 CHIGO Garment Steamer Production, Revenue (2015-2020)
6.8.4 SWOT Analysis
6.9 POVOS
6.9.1 POVOS Company Profiles
6.9.2 POVOS Product Introduction
6.9.3 POVOS Garment Steamer Production, Revenue (2015-2020)
6.9.4 SWOT Analysis
6.10 Hongxin
6.10.1 Hongxin Company Profiles
6.10.2 Hongxin Product Introduction
6.10.3 Hongxin Garment Steamer Production, Revenue (2015-2020)
6.10.4 SWOT Analysis
6.11 SUPOR
6.12 FLYCO
6.13 HOMETOP
6.14 GOODWAY
6.15 MAIER
6.16 LEXY
6.17 HAAN
6.18 SID
6.19 SKG
7 Conclusion
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