Market Insights
The energy efficiency of the products and changes in the buying behavior of consumers for household appliances are key areas to be focused on by manufacturers in order to gain a competitive advantage. Companies operating in the global household appliances market are keen on developing energy-efficient products, designing customized products, and improving distribution channels to cater to the demand for household appliances. Since the household appliances market is fragmented in nature, maintaining a strong foothold in regional as well as international markets is of utmost importance.
In developed as well as developing countries, the household appliances market is anticipated to record considerable growth. Replacement demand for household appliances, especially in developed countries, technological advancements encouraging upgrades, and increasing disposable income of consumers leading to a preference for products such as dishwashers and microwaves are some of the factors strengthening household appliances market growth in the near future.
Also, the adoption of premium household appliances among consumers is growing rapidly, which is supported by increasing consumer spending on consumer appliances and increasing urbanization.
In terms of volume sales, North America holds the largest share, followed by Asia Pacific and Europe. However, in terms of value sales, the household appliances market in Asia Pacific is expected to witness the highest CAGR during the forecast period. This is attributed to changing consumer lifestyles, increasing per capita expenditure, rising urban populations, and the introduction of technically advanced products by manufacturers in the region.
The global household appliances market is segmented on the following bases:
Product Type
- Refrigeration
- Built-in Refrigerators
- Side-by-Side Refrigerators
- Laundry/Washing
- Washing Machines
- Dryers
- Condenser Dryers
- Dishwashing
- Built-in Dishwashing
- Freestanding Dishwashing
- Cooking
- Freestanding Cookers
- Ovens
- Coffee Makers
- Warming Drawers
- Others
- Home Comfort
- Others
Distribution Channel
Geography
- North America
- Europe
- Germany
- France
- UK.
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of the Middle East and Africa
Key players identified for the household appliances market include, but are not limited to:
BSH Hausgeräte GmbH, Hitachi, Ltd., Haier Inc., Mitsubishi Electric, Panasonic Corporation, GE Appliances (a Haier Company), Jiangsu Little Swan Group, Concord, Gorenje Group, AB Electrolux, LG Corporation, Fisher & Paykel Appliances, Toshiba Corporation, Samsung Electronics Co., Ltd.
This report offers the following:
An overview of the global markets for household appliancesMarket trends assessment for the period 2013-2023, with historical information for 2013 and 2014 and projections through 2023, with respective CAGRs during 2016 and 2023Qualitative assessment tools such as market drivers, challenges, and future prospects for household appliancesMarket competition scrutiny tools such as market share analysis, fractal map assessment, and attractive investment propositionFocus on each level of market segmentation based on product approvals, launches, and current and anticipated market dynamics.A general overview of the industry structureCompany profiles highlight key information about the major players operating in the household appliances market.
