QYR Market Research Global Electric Ranges market research | Page 4

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As the downstream consumption usually follows with
developed and rapid economic growth areas, such as BRICS,
the developed areas’ company prefers investing to
underdevelopment regions these years. In the long run,
urbanisation is expected to drive steady expansion in the
kitchen appliance industry. As of 2016, China’s urbanisation
rate stood at 57.4% and is projected to go up by about one
percentage point annually. Advances in urbanisation, the real
estate market and smart home appliances are conducive to
the development of the kitchen appliance market.