City
Epaper

Samsung took top spot in US home appliances market last year: Report

By IANS | Updated: April 10, 2024 16:05 IST

Seoul, April 10 Samsung Electronics was the most popular home appliances brand in the United States last year ...

Open in App

Seoul, April 10 Samsung Electronics was the most popular home appliances brand in the United States last year in terms of market share, data showed on Wednesday.

Samsung Electronics took up 21 per cent of the home appliances market share in the US in terms of sales in 2023, followed by its Korean rival LG Electronics at 19 per cent, General Electric at 18 per cent and Whirlpool at 15 per cent, according to data from market researcher TraQline.

In terms of quantity, Samsung also accounted for the biggest market share in the US at 19 per cent, followed by GE at 17 per cent, and LG Electronics and Whirlpool both at 16 per cent, reports Yonhap news agency.

A survey by TraQline also showed that Samsung was the most considered brand when consumers purchase home appliance products at 32 per cent, trailed by LG Electronics at 29 per cent, and GE and Whirlpool both at 28 per cent.

Samsung has recently been working to expand its share in the U.S. home appliance market, releasing new products and services with features using artificial intelligence technology.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalUSD 87 Million allocated for projects to reduce greenhouse emissions

InternationalTurkmenistan hosts UN conference on landlocked developing countries

International"No tariff wars or sanctions can halt natural course of history": Russian Foreign Ministry

CricketWe'll never surrender: Gautam Gambhir gets emotional as India win Oval Test

Cricket"One of the memorable wins": Jwala Singh as India clinch Oval Test; draw series 2-2

Business Realted Stories

BusinessKarti Chidambaram backs India's firm rebuttal to Trump's tariff move

BusinessTrump threatens to 'substantially' raise tariffs on India for buying Russian oil 

BusinessTrump threatens to substantially raise tariff on India over Russian oil purchase

BusinessAdoption of EV in India slower than leading countries like US, EU, China: NITI Aayog report

BusinessAurobindo Pharma’s Q1 net profit falls 10 pc to Rs 824 crore