In the forecast period, economic and political uncertainty are expected to lead to longer replacement cycles. Consumers are likely to prioritise purchasing day-to-day necessities over expensive home laundry appliances, especially since consumers can hang their clothes out to dry for free during most periods of the year.
Should the stagnation in the construction industry continue into the forecast period, the ability to receive revenue to pay construction companies' debts will be impaired for companies managing projects that are in their early stages. This could lead to the bankruptcies of some construction companies over 2024-2026, which again would negatively impact sales of home laundry appliances via the builder merchants and construction channel.
With an energy rating label for electrical appliances entering Israel, which is based on European regulations, being introduced in the review period, consumers are now able to compare the energy efficiency of different models of appliances, helping them to make more informed purchasing decisions. The sales of energy efficient products, spurred by this alignment with EU energy regulations, will be a driving force in home laundry appliances demand during the forecast period.
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Understand the latest market trends and future growth opportunities for the Home Laundry Appliances industry in Israel with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Home Laundry Appliances industry in Israel, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Home Laundry Appliances
Home laundry appliances includes the following categories: automatic dryers, automatic washing machines, automatic washer dryers and semi-automatic washing machines.
See all of our definitionsThis report originates from Passport, our Home Laundry Appliances research and analysis database.
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