TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 19
1.1 MARKET ATTRACTIVENESS ANALYSIS 20
1.1.1 GLOBAL B2B WHITE GOODS MARKET, BY PRODUCT 21
1.1.2 GLOBAL B2B WHITE GOODS MARKET, BY END USER 22
1.1.3 GLOBAL B2B WHITE GOODS MARKET, BY REGION 23
2 MARKET INTRODUCTION 25
2.1 DEFINITION 25
2.2 SCOPE OF THE STUDY 25
2.3 RESEARCH OBJECTIVE 25
2.4 MARKET STRUCTURE 26
3 RESEARCH METHODOLOGY 27
3.1 OVERVIEW 27
3.2 DATA FLOW 29
3.2.1 DATA MINING PROCESS 29
3.3 PURCHASED DATABASE: 30
3.4 SECONDARY SOURCES: 31
3.4.1 SECONDARY RESEARCH DATA FLOW: 32
3.5 PRIMARY RESEARCH: 33
3.5.1 PRIMARY RESEARCH DATA FLOW: 34
3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED 35
3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE 35
3.6 APPROACHES FOR MARKET SIZE ESTIMATION: 36
3.6.1 CONSUMPTION & NET TRADE APPROACH 36
3.6.2 REVENUE ANALYSIS APPROACH 36
3.7 DATA FORECASTING 37
3.7.1 DATA FORECASTING TECHNIQUE 37
3.8 DATA MODELING 38
3.8.1 MICROECONOMIC FACTOR ANALYSIS: 38
3.8.2 DATA MODELING: 39
3.9 TEAMS AND ANALYST CONTRIBUTION 41
4 MARKET DYNAMICS 43
4.1 INTRODUCTION 43
4.2 MARKET TRENDS AND GROWTH AFFECTING FACTORS 43
4.3 GROWTH PARAMETERS MAPPED - DRIVERS 44
4.3.1 TECHNOLOGICAL ADVANCEMENTS AND SMART APPLIANCES 44
4.3.2 GROWING DEMAND FOR ENERGY-EFFICIENT AND ECO-FRIENDLY PRODUCTS 45
4.3.3 URBANIZATION AND INCREASING DISPOSABLE INCOMES 45
4.4 GROWTH INHIBITORS MAPPED - RESTRAINTS 47
4.4.1 SUPPLY CHAIN AND RAW MATERIAL CONSTRAINTS 47
4.4.2 INTENSE COMPETITION AND PRICE SENSITIVITY 48
4.5 MARKET OPPORTUNITIES MAPPED 49
4.5.1 EXPANSION INTO EMERGING MARKETS 49
4.5.2 AFTER-SALES SERVICES AND MAINTENANCE: 49
4.6 IMPACT ANALYSIS OF COVID-19 50
4.6.1 IMPACT ON OVERALL CONDUMER GOODS 50
4.6.2 IMPACT ON GLOBAL B2B WHITE GOODS MARKET 51
4.6.3 IMPACT ON THE SUPPLY CHAIN OF THE B2B WHITE GOODS MARKET 51
4.6.4 IMPACT ON MARKET DEMAND OF B2B WHITE GOODS MARKET 52
4.6.5 IMPACT ON PRICING OF B2B WHITE GOODS MARKET 52
5 MARKET FACTOR ANALYSIS 53
5.1 VALUE CHAIN ANALYSIS 53
5.1.1 RAW MATERIAL SUPPLY 53
5.1.2 MANUFCATURING PROCESS 54
5.1.3 DISTRIBUTION 54
5.1.4 END USER 55
5.2 SUPPLY CHAIN ANALYSIS 56
5.2.1 PARTICIPANTS (AT DIFFERENT NODES) 56
5.2.1.1 RAW MATERIAL SUPPLIER 56
5.2.1.2 MANUFACTURERS 57
5.2.1.3 DISTRIBUTION 57
5.2.1.4 END USER 57
5.3 PORTER’S FIVE FORCES MODEL 59
5.3.1 BARGAINING POWER OF SUPPLIERS 59
5.3.2 BARGAINING POWER OF BUYERS 60
5.3.3 THREAT OF NEW ENTRANTS 60
5.3.4 THREAT OF SUBSTITUTES 61
5.3.5 INTENSITY OF RIVALRY 61
6 GLOBAL B2B WHITE GOODS MARKET, BY PRODUCT 64
6.1 INTRODUCTION 64
6.2 COOKING PRODUCTS 65
6.3 REFRIGERATOR & FREEZERS 66
6.4 WASHING MACHINES 67
6.4.1 LOW-END 67
6.4.2 MID-RANGE 67
6.4.3 HIGH-END 68
6.5 DRYER/TUMBLE DRYER 68
6.6 DISHWASHER 69
7 GLOBAL B2B WHITE GOODS MARKET, BY DISTRIBUTION CHANNEL 70
7.1 INTRODUCTION 70
7.2 AUTHORIZED DEALERS 71
7.3 DISTRIBUTERS 72
7.4 IMPORTERS 73
7.5 WHOLESALERS 73
7.6 RETAILERS 74
8 GLOBAL B2B WHITE GOODS, BY REGION 76
8.1 OVERVIEW 76
8.2 NORTH AMERICA 77
8.2.1 US 80
8.2.2 CANADA 81
8.2.3 MEXICO 82
8.3 EUROPE 84
8.3.1 GERMANY 87
8.3.2 UK 88
8.3.3 FRANCE 88
8.3.4 ITALY 89
8.3.5 SPAIN 90
8.3.6 REST OF EUROPE 91
8.4 ASIA PACIFIC 93
8.4.1 CHINA 96
8.4.2 INDIA 96
8.4.3 JAPAN 98
8.4.4 SOUTH KOREA 98
8.4.5 REST OF ASIA-PACIFIC 99
8.5 REST OF THE WORLD 101
8.5.1 SOUTH AMERICA 104
8.5.2 MIDDLE EAST 105
8.5.3 AFRICA 105
9 COMPETITIVE LANDSCAPE 108
9.1 INTRODUCTION 108
9.2 COMPETITION DASHBOARD 109
9.2.1 PRODUCT PORTFOLIO 110
9.2.2 REGIONAL PRESENCE 110
9.2.3 STRATEGIC ALLIANCES 110
9.2.4 INDUSTRY EXPERIENCES 110
9.3 MARKET SHARE ANALYSIS, 2023 111
9.4 WHO ARE THE MAJOR DISRUPTORS & INNOVATORS 111
9.5 WHAT STRATEGIES ARE BEING ADOPTED BY MARKET LEADERS 111
9.6 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL 112
9.7 LIST OF KEY PLAYERS/BRANDS, BY REGION 112
9.8 KEY DEVELOPMENTS & GROWTH STRATEGIES 113
9.8.1 EXPANSION 114
10 COMPANY PROFILES 116
10.1 WHIRLPOOL CORPORATION 116
10.1.1 COMPANY OVERVIEW 116
10.1.2 FINANCIAL OVERVIEW 117
10.1.3 PRODUCTS OFFERED 117
10.1.4 KEY DEVELOPMENTS 118
10.1.5 SWOT ANALYSIS 119
10.1.6 KEY STRATEGY 119
10.2 LG ELECTRONICS 120
10.2.1 COMPANY OVERVIEW 120
10.2.2 FINANCIAL OVERVIEW 121
10.2.3 PRODUCTS OFFERED 121
10.2.4 KEY DEVELOPMENTS 122
10.2.5 SWOT ANALYSIS 123
10.2.6 KEY STRATEGY 123
10.3 ELECTROLUX 124
10.3.1 COMPANY OVERVIEW 124
10.3.2 FINANCIAL OVERVIEW 125
10.3.3 SERVICE OFFERED 126
10.3.4 KEY DEVELOPMENTS 126
10.3.5 SWOT ANALYSIS 127
10.3.6 KEY STRATEGY 127
10.4 SAMSUNG ELECTRONICS 128
10.4.1 COMPANY OVERVIEW 128
10.4.2 FINANCIAL OVERVIEW 129
10.4.3 PRODUCTS OFFERED 129
10.4.4 KEY DEVELOPMENTS 130
10.4.5 SWOT ANALYSIS 130
10.4.6 KEY STRATEGY 131
10.5 HAIER GROUP 132
10.5.1 COMPANY OVERVIEW 132
10.5.2 FINANCIAL OVERVIEW 133
10.5.3 PRODUCTS OFFERED 133
10.5.4 KEY DEVELOPMENTS 134
10.5.5 SWOT ANALYSIS 134
10.5.6 KEY STRATEGY 135
10.6 MIELE 136
10.6.1 COMPANY OVERVIEW 136
10.6.2 FINANCIAL OVERVIEW 137
10.6.3 PRODUCTS OFFERED 137
10.6.4 KEY DEVELOPMENTS 138
10.6.5 KEY STRATEGY 138
10.7 BOSCH HOME APPLIANCES 139
10.7.1 COMPANY OVERVIEW 139
10.7.2 FINANCIAL OVERVIEW 140
10.7.3 PRODUCTS OFFERED 140
10.7.4 KEY DEVELOPMENTS 141
10.7.5 KEY STRATEGY 141
10.8 PANASONIC HOLDINGS CORPORATION 142
10.8.1 COMPANY OVERVIEW 142
10.8.2 FINANCIAL OVERVIEW 143
10.8.3 PRODUCTS OFFERED 143
10.8.4 KEY DEVELOPMENTS 144
10.8.5 KEY STRATEGY 144
10.9 IFB INDUSTRIES LIMITED 145
10.9.1 COMPANY OVERVIEW 145
10.9.2 FINANCIAL OVERVIEW 146
10.9.3 KEY DEVELOPMENTS 147
10.9.4 KEY STRATEGY 147
10.10 HISENSE 148
10.10.1 COMPANY OVERVIEW 148
10.10.2 FINANCIAL OVERVIEW 149
10.10.3 PRODUCTS OFFERED 149
10.10.4 KEY DEVELOPMENTS 150
10.10.5 KEY STRATEGY 150
10.11 DATA CITATIONS 152
LIST OF TABLES
TABLE 1 QFD MODELING FOR MARKET SHARE ASSESSMENT 39
TABLE 2 GLOBAL B2B WHITE GOODS MARKET, BY PRODUCT, 2018-2032 (USD BILLION) 65
TABLE 3 GLOBAL B2B WHITE GOODS, BY KITCHEN COOKTOPS/HOODS, 2018-2032 (USD BILLION) 66
TABLE 4 GLOBAL B2B WHITE GOODS, BY REFRIGERATORS AND FREEZERS, 2018-2032 (USD BILLION) 67
TABLE 5 GLOBAL B2B WHITE GOODS, BY WASHING MACHINE, 2018-2032 (USD BILLION) 68
TABLE 6 GLOBAL B2B WHITE GOODS, BY DRYERS/TUMBLE DRYERS, 2018-2032 (USD BILLION) 69
TABLE 7 GLOBAL B2B WHITE GOODS, BY DISHWASHERS, 2018-2032 (USD BILLION) 69
TABLE 8 GLOBAL B2B WHITE GOODS MARKET, BY DISTRIBUTION CHANNEL, 2018-2032 (USD BILLION) 70
TABLE 9 GLOBAL B2B WHITE GOODS, BY AUTHORIZED DEALERS, 2018-2032 (USD BILLION) 72
TABLE 10 GLOBAL B2B WHITE GOODS, BY DISTRIBUTORS, 2018-2032 (USD BILLION) 72
TABLE 11 GLOBAL B2B WHITE GOODS, BY IMPORTERS, 2018-2032 (USD BILLION) 73
TABLE 12 GLOBAL B2B WHITE GOODS, BY WHOLESALERS, 2018-2032 (USD BILLION) 74
TABLE 13 GLOBAL B2B WHITE GOODS, BY RETAILERS, 2018-2032 (USD BILLION) 75
TABLE 14 GLOBAL B2B WHITE GOODS, BY REGION, 2018-2032 (USD BILLION) 76
TABLE 15 NORTH AMERICA B2B WHITE GOODS MARKET, BY COUNTRY, 2018-2032 (USD BILLION) 79
TABLE 16 NORTH AMERICA B2B WHITE GOODS MARKET, BY PRODUCT, 2018-2032 (USD BILLION) 79
TABLE 17 NORTH AMERICA B2B WHITE GOODS MARKET, BY END USER, 2018-2032 (USD BILLION) 80
TABLE 18 US B2B WHITE GOODS MARKET, BY PRODUCT, 2018-2032 (USD BILLION) 80
TABLE 19 US B2B WHITE GOODS MARKET, BY END USER, 2018-2032 (USD BILLION) 80
TABLE 20 CANADA B2B WHITE GOODS MARKET, BY PRODUCT, 2018-2032 (USD BILLION) 81
TABLE 21 CANADA B2B WHITE GOODS MARKET, BY END USER, 2018-2032 (USD BILLION) 82
TABLE 22 MEXICO B2B WHITE GOODS MARKET, BY PRODUCT, 2018-2032 (USD BILLION) 82
TABLE 23 MEXICO B2B WHITE GOODS MARKET, BY END USER, 2018-2032 (USD BILLION) 82
TABLE 24 EUROPE B2B WHITE GOODS MARKET, BY REGION, 2018-2032 (USD BILLION) 86
TABLE 25 EUROPE B2B WHITE GOODS MARKET, BY PRODUCT, 2018-2032 (USD BILLION) 86
TABLE 26 EUROPE B2B WHITE GOODS MARKET, BY END USER, 2018-2032 (USD BILLION) 86
TABLE 27 GERMANY B2B WHITE GOODS MARKET, BY PRODUCT, 2018-2032 (USD BILLION) 87
TABLE 28 GERMANY B2B WHITE GOODS MARKET, BY END USER, 2018-2032 (USD BILLION) 87
TABLE 29 UK B2B WHITE GOODS MARKET, BY PRODUCT, 2018-2032 (USD BILLION) 88
TABLE 30 UK B2B WHITE GOODS MARKET, BY END USER, 2018-2032 (USD BILLION) 88
TABLE 31 FRANCE B2B WHITE GOODS MARKET, BY PRODUCT, 2018-2032 (USD BILLION) 88
TABLE 32 FRANCE B2B WHITE GOODS MARKET, BY END USER, 2018-2032 (USD BILLION) 89
TABLE 33 ITALY B2B WHITE GOODS MARKET, BY PRODUCT, 2018-2032 (USD BILLION) 89
TABLE 34 ITALY B2B WHITE GOODS MARKET, BY END USER, 2018-2032 (USD BILLION) 90
TABLE 35 SPAIN B2B WHITE GOODS MARKET, BY PRODUCT, 2018-2032 (USD BILLION) 90
TABLE 36 SPAIN B2B WHITE GOODS MARKET, BY END USER, 2018-2032 (USD BILLION) 91
TABLE 37 REST OF EUROPE B2B WHITE GOODS MARKET, BY PRODUCT, 2018-2032 (USD BILLION) 91
TABLE 38 REST OF EUROPE B2B WHITE GOODS MARKET, BY END USER, 2018-2032 (USD BILLION) 91
TABLE 39 ASIA PACIFIC B2B WHITE GOODS MARKET, BY REGION, 2018-2032 (USD BILLION) 95
TABLE 40 ASIA PACIFIC B2B WHITE GOODS MARKET, BY PRODUCT, 2018-2032 (USD BILLION) 95
TABLE 41 ASIA PACIFIC B2B WHITE GOODS MARKET, BY END USER, 2018-2032 (USD BILLION) 95
TABLE 42 CHIAN B2B WHITE GOODS MARKET, BY PRODUCT, 2018-2032 (USD BILLION) 96
TABLE 43 CHIAN B2B WHITE GOODS MARKET, BY END USER, 2018-2032 (USD BILLION) 96
TABLE 44 INDIA B2B WHITE GOODS MARKET, BY PRODUCT, 2018-2032 (USD BILLION) 96
TABLE 45 INDIA B2B WHITE GOODS MARKET, BY END USER, 2018-2032 (USD BILLION) 97
TABLE 46 JAPAN B2B WHITE GOODS MARKET, BY PRODUCT, 2018-2032 (USD BILLION) 98
TABLE 47 JAPAN B2B WHITE GOODS MARKET, BY END USER, 2018-2032 (USD BILLION) 98
TABLE 48 SOUTH KOREA B2B WHITE GOODS MARKET, BY PRODUCT, 2018-2032 (USD BILLION) 98
TABLE 49 SOUTH KOREA B2B WHITE GOODS MARKET, BY END USER, 2018-2032 (USD BILLION) 99
TABLE 50 REST OF ASIA PACIFIC B2B WHITE GOODS MARKET, BY PRODUCT, 2018-2032 (USD BILLION) 99
TABLE 51 REST OF ASIA PACIFIC B2B WHITE GOODS MARKET, BY END USER, 2018-2032 (USD BILLION) 100
TABLE 52 REST OF THE WORLD MARKET, BY REGION, 2018-2032 (USD BILLION) 103
TABLE 53 REST OF WORLD B2B WHITE GOODS MARKET, BY PRODUCT, 2018-2032 (USD BILLION) 103
TABLE 54 REST OF WORLD B2B WHITE GOODS MARKET, BY END USER, 2018-2032 (USD BILLION) 103
TABLE 55 SOUTH AMERICA B2B WHITE GOODS MARKET, BY PRODUCT, 2018-2032 (USD BILLION) 104
TABLE 56 SOUTH AMERICA B2B WHITE GOODS MARKET, BY END USER, 2018-2032 (USD BILLION) 104
TABLE 57 MIDDLE EAST B2B WHITE GOODS MARKET, BY PRODUCT, 2018-2032 (USD BILLION) 105
TABLE 58 MIDDLE EAST B2B WHITE GOODS MARKET, BY END USER, 2018-2032 (USD BILLION) 105
TABLE 59 AFRICA B2B WHITE GOODS MARKET, BY PRODUCT, 2018-2032 (USD BILLION) 105
TABLE 60 AFRICA B2B WHITE GOODS MARKET, BY END USER, 2018-2032 (USD BILLION) 106
TABLE 61 COMPARATIVE ANALYSIS 112
TABLE 62 GLOBAL B2B WHITE GOODS MARKET, KEY PLAYERS, BY REGION 112
TABLE 63 MERGER & ACQUISITION 113
TABLE 64 EXPANSION 114
TABLE 65 WHIRLPOOL CORPORATION.: PRODUCTS OFFERED 117
TABLE 66 WHIRLPOOL CORPORATION: KEY DEVELOPMENTS 118
TABLE 67 LG ELECTRONICS.: PRODUCTS OFFERED 121
TABLE 68 LG ELECTRONICS: KEY DEVELOPMENTS 122
TABLE 69 ELECTROLUX: PRODUCTS OFFERED 126
TABLE 70 ELECTROLUX: KEY DEVELOPMENTS 126
TABLE 71 SAMSUNG ELECTRONICS: PRODUCTS OFFERED 129
TABLE 72 SAMSUNG ELECTRONICS: KEY DEVELOPMENTS 130
TABLE 73 HAIER GROUP: PRODUCTS OFFERED 133
TABLE 74 HAIER GROUP: KEY DEVELOPMENTS 134
TABLE 75 MIELE: PRODUCTS OFFERED 137
TABLE 76 MIELE: KEY DEVELOPMENTS 138
TABLE 77 BOSCH HOME APPLIANCES: PRODUCTS OFFERED 140
TABLE 78 BOSCH HOME APPLIANCES: KEY DEVELOPMENTS 141
TABLE 79 PANASONIC HOLDINGS CORPORATION: PRODUCTS OFFERED 143
TABLE 80 PANASONIC HOLDINGS CORPORATION: KEY DEVELOPMENTS 144
TABLE 81 IFB INDUSTRIES LIMITED: PRODUCTS OFFERED 146
TABLE 82 IFB INDUSTRIES LIMITED: KEY DEVELOPMENTS 147
TABLE 83 HISENSE.: PRODUCTS OFFERED 149
TABLE 84 HISENSE.: KEY DEVELOPMENT 150
LIST OF FIGURES
FIGURE 1 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL B2B WHITE GOODS MARKET, 2023 20
FIGURE 2 GLOBAL B2B WHITE GOODS MARKET ANALYSIS, BY PRODUCT, 2023 21
FIGURE 3 GLOBAL B2B WHITE GOODS MARKET ANALYSIS, BY END USER, 2023 22
FIGURE 4 GLOBAL B2B WHITE GOODS MARKET ANALYSIS, BY REGION, 2023 23
FIGURE 5 GLOBAL B2B WHITE GOODS MARKET: STRUCTURE 26
FIGURE 6 GLOBAL B2B WHITE GOODS MARKET: MARKET GROWTH FACTOR ANALYSIS (2023-2032) 44
FIGURE 7 DRIVER IMPACT ANALYSIS (2023-2032) 46
FIGURE 8 RESTRAINT IMPACT ANALYSIS (2022-2032) 48
FIGURE 9 VALUE CHAIN ANALYSIS: B2B WHITE GOODS MARKET 53
FIGURE 10 SUPPLY CHAIN ANALYSIS: B2B WHITE GOODS MARKET 56
FIGURE 11 PORTER’S FIVE FORCES MODEL: GLOBAL B2B WHITE GOODS MARKET 59
FIGURE 12 GLOBAL B2B WHITE GOODS MARKET, BY PRODUCT, SEGMENT ATTRACTIVENESS ANALYSIS 64
FIGURE 13 GLOBAL B2B WHITE GOODS MARKET, BY PRODUCT, 2023 (% SHARE) 65
FIGURE 14 GLOBAL B2B WHITE GOODS MARKET, BY END USER, SEGMENT ATTRACTIVENESS ANALYSIS 70
FIGURE 15 GLOBAL B2B WHITE GOODS MARKET, BY DISTRIBUTION, 2023 (% SHARE) 71
FIGURE 16 GLOBAL MARKET: COMPARATIVE ANALYSIS 76
FIGURE 17 GLOBAL B2B WHITE GOODS, BY REGION, 2023 (% SHARE) 76
FIGURE 18 NORTH AMERICA MARKET: COMPARATIVE ANALYSIS 78
FIGURE 19 NORTH AMERICA MARKET: SWOT ANALYSIS 78
FIGURE 20 NORTH AMERICA B2B WHITE GOODS, BY COUNTRY, 2023 (% SHARE) 79
FIGURE 21 EUROPE MARKET: COMPARATIVE ANALYSIS 84
FIGURE 22 EUROPE MARKET: SWOT ANALYSIS 85
FIGURE 23 EUROPE B2B WHITE GOODS, BY COUNTRY, 2023 (% SHARE) 85
FIGURE 24 ASIA PACIFIC MARKET: COMPARATIVE ANALYSIS 93
FIGURE 25 ASIA PACIFIC MARKET: SWOT ANALYSIS 94
FIGURE 26 ASIA PACIFIC B2B WHITE GOODS, BY COUNTRY, 2023 (% SHARE) 94
FIGURE 27 REST OF THE WORLD MARKET: COMPARATIVE ANALYSIS 101
FIGURE 28 REST OF THE WORLD MARKET: SWOT ANALYSIS 102
FIGURE 29 REST OF THE WORLD B2B WHITE GOODS, BY COUNTRY, 2023 (% SHARE) 102
FIGURE 30 COMPETITOR DASHBOARD: GLOBAL B2B WHITE GOODS MARKET 109
FIGURE 31 GLOBAL B2B WHITE GOODS MARKET: COMPETITIVE ANALYSIS, 2023 111
FIGURE 32 WHIRLPOOL CORPORATION: FINANCIAL OVERVIEW SNAPSHOT 117
FIGURE 33 WHIRLPOOL CORPORATION: SWOT ANALYSIS 119
FIGURE 34 LG ELECTRONICS: FINANCIAL OVERVIEW SNAPSHOT 121
FIGURE 35 LG ELECTRONICS: SWOT ANALYSIS 123
FIGURE 36 ELECTROLUX: FINANCIAL OVERVIEW SNAPSHOT 125
FIGURE 37 ELECTROLUX: SWOT ANALYSIS 127
FIGURE 38 SAMSUNG ELECTRONICS: FINANCIAL SNAPSHOT 129
FIGURE 39 SAMSUNG ELECTRONICS: SWOT ANALYSIS 130
FIGURE 40 HAIER GROUP: FINANCIAL SNAPSHOT 133
FIGURE 41 HAIER GROUP: SWOT ANALYSIS 134
FIGURE 42 MIELE: FINANCIAL SNAPSHOT 137
FIGURE 43 BOSCH: FINANCIAL SNAPSHOT 140
FIGURE 44 PANASONIC HOLDINGS CORPORATION: FINANCIAL SNAPSHOT 143
FIGURE 45 IFB INDUSTRIES LIMITED: FINANCIAL OVERVIEW 146
FIGURE 46 HISENSE: FINANCIAL OVERVIEW 149