FMI conducts interviews with industry

Gas Ranges Market Analysis

Impact of COVID-19 on the Global Gas Ranges Market

The world is facing an unprecedented threat from the COVID-19 pandemic caused by the SARS-or-2 virus (referred to as the COVID-19 virus). To stop the spread of COVID-19, all major countries around the world are taking all essential precautions.

Along with that the economic slowdown, unemployment, become the key issue during this pandemic in the world. The lack of manpower and disrupted supply chain are slow downing the growth of the global gas ranges market.

Also, the end-use industries are focused on the cost-cutting strategy to sustain during the pandemic and working with existing equipment to avoid expenses. Also, people are focused on savings to survive during the pandemic COVID-19 and are spending on essential goods, especially food and beverage.

These factors have affected the growth of the global gas ranges market. The gas ranges market is expected to witness a steady growth rate until the pandemic normalizes across the globe.