Global Household Appliances Market Size, Share & Trends Analysis Report, Forecast Period, 2023-2030
Report ID: MS-1448 | Consumer Goods | Last updated: Jul, 2024 | Formats*:
Description
Table of content
Market Segments
The Household Appliances market is experiencing robust expansion, with market size projected to increase from XX billion in 2024 to
xx billion by 2030, demonstrating a consistent year-over-year growth rate of 6.20%. Household Appliances Market Size, Share, Competitive Landscape and Trend Analysis Report, by Types (Major Appliances, Small Appliances, Smart Home Appliances), by applications (Residential Users, Commercial Users) And regions (North America(United States.Canada.Mexico), South America(Brazil.Argentina.Chile.Rest of South America), Europe(Germany.France.Italy.United Kingdom.Benelux.Nordics.Rest of Europe), Asia Pacific(China.Japan.India.South Korea.Australia.Southeast Asia.Rest of Asia-Pacific), MEA(Middle East.Africa)) : Industry Forecast and Opportunity Analysis for 2024 - 2030
Household appliances are also known as appliances designed for house works, encompass various functions such as food preservation, cleaning, and cooking. They are broadly classified into three main categories such as consumer electronics, large electronics, and small electronics. The major segments of the Indian home appliance market include large appliances such as refrigerators, freezers, dishwashing machines, washing machines, cookers, and ovens, as well as small appliances like vacuum cleaners, small kitchen appliances, hair clippers, irons, toasters, grills and roasters, and hair dryers.
Household Appliances Report Highlights
| Report Metrics | Details |
|---|---|
| Forecast period | 2019-2030 |
| Base Year Of Estimation | 2023 |
| Growth Rate | CAGR of 6.20% |
| By Product Type | Major Appliances, Small Appliances, Smart Home Appliances |
| Key Market Players |
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| By Region |
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Household Appliances Market Trends
The refrigerators segment commands a considerable market share. Refrigerators are considered as a secure, uncomplicated, and effective household appliance for preserving food and food items. Increasing disposable income, the accessibility of intelligent and energy-efficient refrigerator models, and the growth of nuclear families is contributing the growing demand of refrigerators for household use. Therefore the majority of market players are focusing to develop more convenient and cost-effective refrigerators.Household Appliances Market Leading Players
The key players profiled in the report are Bajaj Electricals Ltd (India), Eureka Forbes Ltd. (India), Haier Inc. (China), IFB Appliances (India), KENT (India), Koninklijke Philips N.V. (South Korea), Orient Electric (India), Panasonic Holdings Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Whirlpool Corporation (U.S.)Growth Accelerators
The market is driven by the increasing popularity of smart home appliances. The smart home appliances market is driving due to the global demand of smart homes, particularly in India, advancements in home automation, and a growing trend of home cooking. The increasing number of home improvement projects is boosting the adoption of smart appliances, which are becoming more user-friendly with added functionalities. Additionally, developments in wireless communication and IT infrastructure, along with innovations by leading companies, are contributing to market growth. The rise of IoT is further fostering interconnectivity among various appliances.Household Appliances Market Segmentation analysis
The Global Household Appliances is segmented by Type, Application, and Region. By Type, the market is divided into Distributed Major Appliances, Small Appliances, Smart Home Appliances . The Application segment categorizes the market based on its usage such as Residential Users, Commercial Users. Geographically, the market is assessed across key Regions like North America(United States.Canada.Mexico), South America(Brazil.Argentina.Chile.Rest of South America), Europe(Germany.France.Italy.United Kingdom.Benelux.Nordics.Rest of Europe), Asia Pacific(China.Japan.India.South Korea.Australia.Southeast Asia.Rest of Asia-Pacific), MEA(Middle East.Africa) and others, each presenting distinct growth opportunities and challenges influenced by the regions.Risks & Prospects in Household Appliances Market
To introduce the advanced household appliances Consumers are becoming more environmentally conscious, due to the rising concern about climate change and global warming. This has led a demand for eco-friendly and energy-efficient products, including household appliances. Technological advancements and product innovations have resulted in the development of intelligent, eco-friendly, and energy-efficient appliances which can save time, money, and also benefiting the environment. Continuous investment in innovation through research and development by industry players has contributed to the market's growth.Table of content
1: Introduction
2: Executive Summary
3: Market Overview
4: Household Appliances Market by Type
5: Household Appliances Market by Application / by End Use
6: Household Appliances Market by Distribution Channel
7: Household Appliances Market by Technology
8: Household Appliances Market by Region
10: Company Profiles
11: Analyst Perspective and Conclusion
- 1.1 Report description
- 1.2 Key market segments
- 1.3 Key benefits to the stakeholders
2: Executive Summary
- 2.1 Household Appliances- Snapshot
- 2.2 Household Appliances- Segment Snapshot
- 2.3 Household Appliances- Competitive Landscape Snapshot
3: Market Overview
- 3.1 Market definition and scope
- 3.2 Key findings
- 3.2.1 Top impacting factors
- 3.2.2 Top investment pockets
- 3.3 Porter’s five forces analysis
- 3.3.1 Low bargaining power of suppliers
- 3.3.2 Low threat of new entrants
- 3.3.3 Low threat of substitutes
- 3.3.4 Low intensity of rivalry
- 3.3.5 Low bargaining power of buyers
- 3.4 Market dynamics
- 3.4.1 Drivers
- 3.4.2 Restraints
- 3.4.3 Opportunities
4: Household Appliances Market by Type
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2 Major Appliances
- 4.2.1 Key market trends, factors driving growth, and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market share analysis by country
- 4.3 Small Appliances
- 4.3.1 Key market trends, factors driving growth, and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market share analysis by country
- 4.4 Smart Home Appliances
- 4.4.1 Key market trends, factors driving growth, and opportunities
- 4.4.2 Market size and forecast, by region
- 4.4.3 Market share analysis by country
5: Household Appliances Market by Application / by End Use
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2 Residential Users
- 5.2.1 Key market trends, factors driving growth, and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market share analysis by country
- 5.3 Commercial Users
- 5.3.1 Key market trends, factors driving growth, and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market share analysis by country
6: Household Appliances Market by Distribution Channel
- 6.1 Overview
- 6.1.1 Market size and forecast
- 6.2 Supermarkets & Hypermarkets
- 6.2.1 Key market trends, factors driving growth, and opportunities
- 6.2.2 Market size and forecast, by region
- 6.2.3 Market share analysis by country
- 6.3 Specialty Stores
- 6.3.1 Key market trends, factors driving growth, and opportunities
- 6.3.2 Market size and forecast, by region
- 6.3.3 Market share analysis by country
- 6.4 Online/E-commerce
- 6.4.1 Key market trends, factors driving growth, and opportunities
- 6.4.2 Market size and forecast, by region
- 6.4.3 Market share analysis by country
- 6.5 Others
- 6.5.1 Key market trends, factors driving growth, and opportunities
- 6.5.2 Market size and forecast, by region
- 6.5.3 Market share analysis by country
7: Household Appliances Market by Technology
- 7.1 Overview
- 7.1.1 Market size and forecast
- 7.2 Conventional Appliances
- 7.2.1 Key market trends, factors driving growth, and opportunities
- 7.2.2 Market size and forecast, by region
- 7.2.3 Market share analysis by country
- 7.3 Smart Appliances
- 7.3.1 Key market trends, factors driving growth, and opportunities
- 7.3.2 Market size and forecast, by region
- 7.3.3 Market share analysis by country
- 7.4 Energy-Efficient Appliances
- 7.4.1 Key market trends, factors driving growth, and opportunities
- 7.4.2 Market size and forecast, by region
- 7.4.3 Market share analysis by country
8: Household Appliances Market by Region
- 8.1 Overview
- 8.1.1 Market size and forecast By Region
- 8.2 North America
- 8.2.1 Key trends and opportunities
- 8.2.2 Market size and forecast, by Type
- 8.2.3 Market size and forecast, by Application
- 8.2.4 Market size and forecast, by country
- 8.2.4.1 United States
- 8.2.4.1.1 Key market trends, factors driving growth, and opportunities
- 8.2.4.1.2 Market size and forecast, by Type
- 8.2.4.1.3 Market size and forecast, by Application
- 8.2.4.2 Canada
- 8.2.4.2.1 Key market trends, factors driving growth, and opportunities
- 8.2.4.2.2 Market size and forecast, by Type
- 8.2.4.2.3 Market size and forecast, by Application
- 8.2.4.3 Mexico
- 8.2.4.3.1 Key market trends, factors driving growth, and opportunities
- 8.2.4.3.2 Market size and forecast, by Type
- 8.2.4.3.3 Market size and forecast, by Application
- 8.2.4.1 United States
- 8.3 South America
- 8.3.1 Key trends and opportunities
- 8.3.2 Market size and forecast, by Type
- 8.3.3 Market size and forecast, by Application
- 8.3.4 Market size and forecast, by country
- 8.3.4.1 Brazil
- 8.3.4.1.1 Key market trends, factors driving growth, and opportunities
- 8.3.4.1.2 Market size and forecast, by Type
- 8.3.4.1.3 Market size and forecast, by Application
- 8.3.4.2 Argentina
- 8.3.4.2.1 Key market trends, factors driving growth, and opportunities
- 8.3.4.2.2 Market size and forecast, by Type
- 8.3.4.2.3 Market size and forecast, by Application
- 8.3.4.3 Chile
- 8.3.4.3.1 Key market trends, factors driving growth, and opportunities
- 8.3.4.3.2 Market size and forecast, by Type
- 8.3.4.3.3 Market size and forecast, by Application
- 8.3.4.4 Rest of South America
- 8.3.4.4.1 Key market trends, factors driving growth, and opportunities
- 8.3.4.4.2 Market size and forecast, by Type
- 8.3.4.4.3 Market size and forecast, by Application
- 8.3.4.1 Brazil
- 8.4 Europe
- 8.4.1 Key trends and opportunities
- 8.4.2 Market size and forecast, by Type
- 8.4.3 Market size and forecast, by Application
- 8.4.4 Market size and forecast, by country
- 8.4.4.1 Germany
- 8.4.4.1.1 Key market trends, factors driving growth, and opportunities
- 8.4.4.1.2 Market size and forecast, by Type
- 8.4.4.1.3 Market size and forecast, by Application
- 8.4.4.2 France
- 8.4.4.2.1 Key market trends, factors driving growth, and opportunities
- 8.4.4.2.2 Market size and forecast, by Type
- 8.4.4.2.3 Market size and forecast, by Application
- 8.4.4.3 Italy
- 8.4.4.3.1 Key market trends, factors driving growth, and opportunities
- 8.4.4.3.2 Market size and forecast, by Type
- 8.4.4.3.3 Market size and forecast, by Application
- 8.4.4.4 United Kingdom
- 8.4.4.4.1 Key market trends, factors driving growth, and opportunities
- 8.4.4.4.2 Market size and forecast, by Type
- 8.4.4.4.3 Market size and forecast, by Application
- 8.4.4.5 Benelux
- 8.4.4.5.1 Key market trends, factors driving growth, and opportunities
- 8.4.4.5.2 Market size and forecast, by Type
- 8.4.4.5.3 Market size and forecast, by Application
- 8.4.4.6 Nordics
- 8.4.4.6.1 Key market trends, factors driving growth, and opportunities
- 8.4.4.6.2 Market size and forecast, by Type
- 8.4.4.6.3 Market size and forecast, by Application
- 8.4.4.7 Rest of Europe
- 8.4.4.7.1 Key market trends, factors driving growth, and opportunities
- 8.4.4.7.2 Market size and forecast, by Type
- 8.4.4.7.3 Market size and forecast, by Application
- 8.4.4.1 Germany
- 8.5 Asia Pacific
- 8.5.1 Key trends and opportunities
- 8.5.2 Market size and forecast, by Type
- 8.5.3 Market size and forecast, by Application
- 8.5.4 Market size and forecast, by country
- 8.5.4.1 China
- 8.5.4.1.1 Key market trends, factors driving growth, and opportunities
- 8.5.4.1.2 Market size and forecast, by Type
- 8.5.4.1.3 Market size and forecast, by Application
- 8.5.4.2 Japan
- 8.5.4.2.1 Key market trends, factors driving growth, and opportunities
- 8.5.4.2.2 Market size and forecast, by Type
- 8.5.4.2.3 Market size and forecast, by Application
- 8.5.4.3 India
- 8.5.4.3.1 Key market trends, factors driving growth, and opportunities
- 8.5.4.3.2 Market size and forecast, by Type
- 8.5.4.3.3 Market size and forecast, by Application
- 8.5.4.4 South Korea
- 8.5.4.4.1 Key market trends, factors driving growth, and opportunities
- 8.5.4.4.2 Market size and forecast, by Type
- 8.5.4.4.3 Market size and forecast, by Application
- 8.5.4.5 Australia
- 8.5.4.5.1 Key market trends, factors driving growth, and opportunities
- 8.5.4.5.2 Market size and forecast, by Type
- 8.5.4.5.3 Market size and forecast, by Application
- 8.5.4.6 Southeast Asia
- 8.5.4.6.1 Key market trends, factors driving growth, and opportunities
- 8.5.4.6.2 Market size and forecast, by Type
- 8.5.4.6.3 Market size and forecast, by Application
- 8.5.4.7 Rest of Asia-Pacific
- 8.5.4.7.1 Key market trends, factors driving growth, and opportunities
- 8.5.4.7.2 Market size and forecast, by Type
- 8.5.4.7.3 Market size and forecast, by Application
- 8.5.4.1 China
- 8.6 MEA
- 8.6.1 Key trends and opportunities
- 8.6.2 Market size and forecast, by Type
- 8.6.3 Market size and forecast, by Application
- 8.6.4 Market size and forecast, by country
- 8.6.4.1 Middle East
- 8.6.4.1.1 Key market trends, factors driving growth, and opportunities
- 8.6.4.1.2 Market size and forecast, by Type
- 8.6.4.1.3 Market size and forecast, by Application
- 8.6.4.2 Africa
- 8.6.4.2.1 Key market trends, factors driving growth, and opportunities
- 8.6.4.2.2 Market size and forecast, by Type
- 8.6.4.2.3 Market size and forecast, by Application
- 8.6.4.1 Middle East
- 9.1 Overview
- 9.2 Key Winning Strategies
- 9.3 Top 10 Players: Product Mapping
- 9.4 Competitive Analysis Dashboard
- 9.5 Market Competition Heatmap
- 9.6 Leading Player Positions, 2022
10: Company Profiles
- 10.1 Bajaj Electricals Ltd (India)
- 10.1.1 Company Overview
- 10.1.2 Key Executives
- 10.1.3 Company snapshot
- 10.1.4 Active Business Divisions
- 10.1.5 Product portfolio
- 10.1.6 Business performance
- 10.1.7 Major Strategic Initiatives and Developments
- 10.2 Eureka Forbes Ltd. (India)
- 10.2.1 Company Overview
- 10.2.2 Key Executives
- 10.2.3 Company snapshot
- 10.2.4 Active Business Divisions
- 10.2.5 Product portfolio
- 10.2.6 Business performance
- 10.2.7 Major Strategic Initiatives and Developments
- 10.3 Haier Inc. (China)
- 10.3.1 Company Overview
- 10.3.2 Key Executives
- 10.3.3 Company snapshot
- 10.3.4 Active Business Divisions
- 10.3.5 Product portfolio
- 10.3.6 Business performance
- 10.3.7 Major Strategic Initiatives and Developments
- 10.4 IFB Appliances (India)
- 10.4.1 Company Overview
- 10.4.2 Key Executives
- 10.4.3 Company snapshot
- 10.4.4 Active Business Divisions
- 10.4.5 Product portfolio
- 10.4.6 Business performance
- 10.4.7 Major Strategic Initiatives and Developments
- 10.5 KENT (India)
- 10.5.1 Company Overview
- 10.5.2 Key Executives
- 10.5.3 Company snapshot
- 10.5.4 Active Business Divisions
- 10.5.5 Product portfolio
- 10.5.6 Business performance
- 10.5.7 Major Strategic Initiatives and Developments
- 10.6 Koninklijke Philips N.V. (South Korea)
- 10.6.1 Company Overview
- 10.6.2 Key Executives
- 10.6.3 Company snapshot
- 10.6.4 Active Business Divisions
- 10.6.5 Product portfolio
- 10.6.6 Business performance
- 10.6.7 Major Strategic Initiatives and Developments
- 10.7 Orient Electric (India)
- 10.7.1 Company Overview
- 10.7.2 Key Executives
- 10.7.3 Company snapshot
- 10.7.4 Active Business Divisions
- 10.7.5 Product portfolio
- 10.7.6 Business performance
- 10.7.7 Major Strategic Initiatives and Developments
- 10.8 Panasonic Holdings Corporation (Japan)
- 10.8.1 Company Overview
- 10.8.2 Key Executives
- 10.8.3 Company snapshot
- 10.8.4 Active Business Divisions
- 10.8.5 Product portfolio
- 10.8.6 Business performance
- 10.8.7 Major Strategic Initiatives and Developments
- 10.9 Samsung Electronics Co. Ltd. (South Korea)
- 10.9.1 Company Overview
- 10.9.2 Key Executives
- 10.9.3 Company snapshot
- 10.9.4 Active Business Divisions
- 10.9.5 Product portfolio
- 10.9.6 Business performance
- 10.9.7 Major Strategic Initiatives and Developments
- 10.10 Whirlpool Corporation (U.S.)
- 10.10.1 Company Overview
- 10.10.2 Key Executives
- 10.10.3 Company snapshot
- 10.10.4 Active Business Divisions
- 10.10.5 Product portfolio
- 10.10.6 Business performance
- 10.10.7 Major Strategic Initiatives and Developments
11: Analyst Perspective and Conclusion
- 11.1 Concluding Recommendations and Analysis
- 11.2 Strategies for Market Potential
Scope of Report
| Aspects | Details |
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By Type |
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By Application |
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By Distribution Channel |
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By Technology |
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Frequently Asked Questions (FAQ):
What is the growth rate of Household Appliances Market?
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The Household Appliances Market is growing at a CAGR of 6.20% over the forecasted period 2023 - 2030.
What are the latest trends influencing the Household Appliances Market?
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The latest trends influencing the Household Appliances market include the adoption of advanced technologies, increasing focus on sustainability, and a shift towards personalized solutions. Additionally, digital transformation and automation are playing significant roles in shaping the market
Who are the key players in the Household Appliances Market?
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Panasonic Holdings Corporation (Japan), KENT (India), IFB Appliances (India), Samsung Electronics Co. Ltd. (South Korea), Eureka Forbes Ltd. (India), Orient Electric (India), Bajaj Electricals Ltd (India), Haier Inc. (China), Koninklijke Philips N.V. (South Korea), Whirlpool Corporation (U.S.) are among the key players in the Household Appliances market
How is the Household Appliances } industry progressing in scaling its end-use implementations?
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Research paper of Global Household Appliances Market shows that companies are making better progress than their supply chain peers –including suppliers, majorly in end-use applications such as Residential Users, Commercial Users.
What product types are analyzed in the Household Appliances Market Study?
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The Global Household Appliances Market Study is categorized by product types, including Small Appliances, Major Appliances, Smart Home Appliances
What geographic breakdown is available in Global Household Appliances Market Study?
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The Global Household Appliances Market Study includes regional breakdown as North America(United States, Canada, Mexico), South America(Brazil, Argentina, Chile, Rest of South America), Europe(Germany, France, Italy, United Kingdom, Benelux, Nordics, Rest of Europe), Asia Pacific(China, Japan, India, South Korea, Australia, Southeast Asia, Rest of Asia-Pacific), MEA(Middle East, Africa)
Which region holds the second position by market share in the Household Appliances market?
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The Europe region has seen the second-highest market share in 2023 for the Global Household Appliances market
Which region holds the highest growth rate in the Household Appliances market?
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Asia Pacific has experienced the highest growth rate in the Global Household Appliances industry
How are the key players in the Household Appliances market targeting growth in the future?
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The leaders in the Global Household Appliances market, such as , are focusing on innovative and differentiated growth drivers. Some of these include:The market is driven by the increasing popularity of smart home appliances., The smart home appliances market is driving due to the global demand of smart homes, particularly in India, advancements in home automation, and a growing trend of home cooking. The increasing number of home improvement projects is boosting the adoption of smart appliances, which are becoming more user-friendly with added functionalities. Additionally, developments in wireless communication and IT infrastructure, along with innovations by leading companies, are contributing to market growth. The rise of IoT is further fostering interconnectivity among various appliances.
What are the challenges and restraints in the Household Appliances market?
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Rising number of incidents involving hazards or accidents related to household appliances., Household appliances in homes are commonly powered by electricity or gas. However, these devices are largely impractical for consumers in low and middle class consumers due to insufficient infrastructure and challenging access to fuel or electricity. Moreover, concerns have rising about harmful radiation from appliances and short circuits in electricity powered devices. Customers are undergoing inconvenient user experience due to technological glitches in smart appliances which has led to several consequences such as personnel and property damage or fire. Consequently, a safety issues regarding household appliances is restraining the growth of industry.
