There has been enormous growth in small home appliances in the United Kingdom and the appliance industry in the united kingdom owing to increasing homeowners' desirability for small appliances.
Demand for small home appliances in the United Kingdom grew in the third quarter till 2019 and the demand in the 2020 quarters is forecasted to show declining growth in sales owing to the Covid-19 impacts in the market. However, the online channel of distribution for some small appliances such as hairdryers, and premium category products are gaining popularity for aspirational consumers in the market.
The factors that are driving the demand for small home appliances are a rise in smart homes, increasing spending of consumers, the energy efficiency of appliances, and replacement sales of old devices through refurbishing of houses.
The latest trend in home appliances, including small home appliances is that of energy efficiency, and connectivity in line with IoT (Internet of Things), wherein most appliances can be remotely controlled or are equipped with sensors designed to auto manage the appliances. Smart appliances along with smart homes are expected to drive this category ahead to achieve higher growth rates.
Key Market Trends
Rising Expenditure on Home Appliances in United Kingdom
There has been rising expenditure on home appliances in the United Kingdom Small Home appliances market including small home appliances.
Consumers in the small kitchen appliances segment are looking for products that simplify their life and spend more on buying appliances that provide value fo their expenses. It has been observed that consumers are spending on small home appliances owing to their rising disposable incomes and new appliances being innovated in the market for them at their convenience.
Small Kitchen Appliances are Leading in the Small Home Appliances Market in United Kingdom
The small kitchen appliances are projected to grow at XX% CAGR from 2020 to 2025. The market for small home appliances is in large part driven by small kitchen appliances. With several of the world’s regions, including United Kindom, in economic troubles, the category of small home appliances is being driven forward by smaller ticket sized appliances common in the kitchen.
Among various small kitchen appliances, coffee machines are projected to see growing demand owing to a reasonable price, easy operation, simple design, and quality brewing of the machines.
Connected Kitchen Appliances and kitchen devices are becoming ideal gadgets for smart homes. These smart appliances can automate part of the cooking process and keep consumers updated regarding the process of food making and make sure that the correct recipe is being followed.
The Small home appliances market of the United Kingdom is highly competitive and globalized with competition intensified from retails players. Companies maintain their global competitiveness in the market through Research and Innovation. Some of the major players of small home appliances operating in the market include BSH Home Appliances Ltd., Philips, Russell Hobbs, Dyson, and Black & Decker.
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1.2 Study Assumptions
1.3 Scope of the Study
4.2 Market Dynamics
4.3 Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.5 Impact of Covid- 19 on the Market
4.6 Government Regulations and Initiatives
4.7 Technology Innovations in the Industry
5.1.1 Vacuum Cleaners
5.1.2 Coffee Machines
5.1.3 Food processor
5.1.6 Grills & Roasters
5.1.7 Hair Dryers
5.2 By Distribution Channels
5.2.1 Supermarkets & Hypermarkets
5.2.2 Specialty Stores
6.2 Company Profiles
6.2.1 AB Electrolux
6.2.2 BSH Home Appliances Ltd.
6.2.4 Russell Hobbs
6.2.6 Black & Decker
6.2.10 Murphy Richards
A selection of companies mentioned in this report includes:
- AB Electrolux
- BSH Home Appliances Ltd.
- Russell Hobbs
- Black & Decker
- Murphy Richards