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Electric Household Appliances - Global Market Trajectory & Analytics

  • ID: 354887
  • Report
  • April 2021
  • Region: Global
  • 560 Pages
  • Global Industry Analysts, Inc
Global Electric Household Appliances Market to Reach 1.8 Billion Units by 2027

Amid the COVID-19 crisis, the global market for Electric Household Appliances estimated at 1.4 Billion Units in the year 2020, is projected to reach a revised size of 1.8 Billion Units by 2027, growing at a CAGR of 3.2% over the period 2020-2027. Major Household Appliances, one of the segments analyzed in the report, is projected to record 3.6% CAGR and reach 999.8 Million Units by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Small Household Appliances segment is readjusted to a revised 2.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at 378.8 Million Units, While China is Forecast to Grow at 5.9% CAGR

The Electric Household Appliances market in the U.S. is estimated at 378.8 Million Units in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 363 Million Units by the year 2027 trailing a CAGR of 5.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.9% and 2.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR.

Select Competitors (Total 191 Featured):
  • AB Electrolux
  • GE Appliances
  • Groupe SEB
  • Haier Group
  • Hamilton Beach Brands Inc.
  • Hitachi Appliances Inc.
  • Jarden Consumer Solutions
  • LG Electronics
  • Miele & CIE, KG
  • Mitsubishi Electric Corp.
  • Panasonic Corp.
  • Samsung Electronics Co., Ltd.
  • Whirlpool Corp.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Recent Market Activity
  • Electric Household Appliances - Global Market Overview
  • Regional Landscape
  • Major Household Appliances Market
  • Small Household Appliances Market
  • Key Product Trends in the Household Electric Appliances
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Growth of the Residential Construction Sector Bodes Well for Market Expansion
  • Skyrocketing Electricity Prices Remain a Challenge
  • Ballooning Global Population Pushes Demand
  • Rapid Urbanization Spurs Demand for Household Appliances
  • Burgeoning Middle Class Population Spurs Market Growth
  • Rising Standard of Living Drive Market Growth
  • Building Renovations & Home Restructuring Projects Offer Growth Opportunities
  • Transition in Family Systems Drive Demand
  • Energy Efficient Appliances Grow in Demand
  • Technology Innovations Spearhead Market Growth
  • Emerging Design Trends in Home Appliances Market during 2018
  • Technological Innovations in the Major Household Appliances Segment
  • Smart Technology in Major Household Appliances
  • Trend towards Transitional Kitchens Drive Demand
  • Ballooning Ageing Population Drives Demand for Ergonomically Designed Appliances
  • LED Lights Widespread Popularity in Home Appliances
  • Quest for the Sound of Silence
  • Plastics Replace Metals in Appliances
  • Internet Sales Continue to Grab Market Share
  • Social Networks and Home Appliances: An Effective Combination
  • Rising Electricity Costs Dampen Growth Prospects
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 191
Note: Product cover images may vary from those shown
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