Global Home Appliances Market

Description

The global household appliances market is estimated to reach 342.82 billion USD by 2022 from 240.86 billion USD in 2017at a CAGR of 6.06% for the forecasted period.
Many consumers have less time now to complete household work and this is the time when these appliances comes into picture. Increased awareness about the climate, growing number of consumers are major factors for driving growth of this product

Market Dynamics

The rise in per capita income in developing countries which has increased the disposable income has led to increase in consumer spending which act as a major driving force. Appliances like these are making life easier for customers hence increasing the demand for these products. The factors that drives the growth in this market are increasing urbanization, rising working class population and new product development.

To make these products it takes great technological tools, which are expensive and hence the cost of goods would be high and would be a major constraint.

Market Segmentation

The market can be segmented by Product category, by distribution Channel and by geography.

Segmentation by product category
• Smart kitchen appliances
• Smart laundry appliances

The increase use of digital devices is one of the reason for the growth of smart kitchen appliances market.

Smart kitchen appliances have an additional advantage that they can be accessed remotely and also allows better time management. Smart kitchen appliance market includes smart refrigerator, dishwashers, cookware and cooktops etc.
Due to rising electricity cost and the growing usage of energy conservation among consumers has led to increase of adoption of smart kitchen appliances in the forecasted period.

Segmentation by distribution channel
• Specialty retailers
• Department stores
• Mass retailers, hypermarkets, and supermarkets
• Discount stores
• Online

Specialty retailer has the largest share .They offer a large variety of brands, diverse product portfolios . They have expert team which demonstrate the appliances to make consumer comfortable.

Segmentation by Geography:
• North America
• Mexico
• Canada

North America is expected to grow at a faster rate as compare to other regions owing to technological advancements and growing awareness among customers for connected devices.
Also high internet and smartphone penetration leads to adoption of smart appliances in countries such as US, Canada and Mexico.

Key Players

The key players in the industry are Electrolux, Haier, LG, Samsung and Whirlpool. Other prominent vendors in the smart appliances market include Dacor, Friedrich, FUJITSU GENERAL, Midea, Mitsubishi Electric, Panasonic, Robert Bosch, Videocon, and Voltas.

Report ContentsRegional AnalysisReport Highlights
  • Market segments
  • Market Drivers, Restraints and Opportunities
  • Market Size & Forecast 2016 to 2022
  • Supply & Demand Value Chain
  • Market – Current Trends
  • Competition & Major Companies
  • Technology and R&D Status
  • Porters Five Force Analysis
  • Strategic and Critical Success Factor Analysis of Key Players
  • North America
    • US and Canada
  • Latin America
    • Mexico, Brazil, Argentina and Rest of Latin America
  • Western Europe
    • EU5 (Germany, France, Italy, Spain, U.K.)
    • Nordic Countries (Denmark, Finland, Norway, and Sweden)
    • Benelux (Belgium, The Netherlands, and Luxembourg)
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia and New Zealand
    • Rest of Asia Pacific
  • Middle East and Africa
    • GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
    • South Africa
    • North Africa
    • Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

  • Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
  • Consumer and Pricing Analysis
  • Market dynamics of the industry
  • Market Segmentation
  • Estimated Market Sizing in terms of volume and value
  • Recent trends in Market and impact
  • Research Status and Technology Overview
  • Extensive Industry Structure Coverage

Related Products:

Global Home Appliances Market

The global kitchen appliances market are instrument or devices designed for the smooth functioning of kitchen activities. Kitchen appliances operate with the help of either gas or electricity and are used mainly for cooking, storage and cleaning functions in the kitchen. Traditional methods of cooking, conserving food and dish cleaning require tedious effort and time. The newer generation of people dp not have the sufficient time to invest in these activities and may easily avail alternative...

Global Home Appliances Market

More than half of the appliance market constitutes of automatic washing machines, followed by low or no frills washing machines and irons.Traditional methods of washing and drying clothes require tedious effort and time. The newer generation of people do not have the sufficient time to invest in these activities and may easily avail alternatives, from retailers and vendors. Although major portion of laundry appliances are operated by electricity, newer forms of renewable and solar energy a...

Global Home Appliances Market

M-commerce is another name for an e-commerce transaction, which involves the use of wireless devices such as smartphones, tablets, laptops, with the help of internet under the supply medium of wired or wireless. The relative increase in the use of mobile phones than pc has led the global m-commerce market to grow at a faster rate. The rise in incentivization form-billing, m–ticketing/booking, m-retailing, and other m-commerce services by governments especially in Asian countries coupling with...

Global Home Appliances Market

This market comprises of all mobile phone related accessories like earphones, screen-guard, back and flip-covers, power banks, chargers, charms, smart phone tripods, selfie sticks, HDMI projectors etc. These accessories can be classified into two types based on application utilitarian and cosmetic. While initially the accessories were limited to being simple and utilitarian, this has seen a shift with the development in mobile phone technologies and changes in phone usage. For example smart p...

Global Home Appliances Market

$3,850.0

Industry Analysis, Forecasts and Opportunity Assessment (2017-2022)

  • Market Trends, Dynamics and Regulatory Framework
  • Regional and Cross-segment Sales Figures
  • Extensive Industry Structure Coverage

Sample Report Request Customisation

Clear
SKU: N/A Category:

    
    
    	
×
Sample Report
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. You may contact us at any time to opt-out. Please tick here to receive these communications.
×
Report Customisation
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. You may contact us at any time to opt-out. Please tick here to receive these communications.
×