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China Home Appliances Market by Products (Refrigerators, Freezers, Dishwashing & Washing Machine, Cookers & Ovens, Vacuum Cleaners, ect.) by Distribution Channels, and Companies

  • ID: 5181446
  • Report
  • October 2020
  • Region: China
  • 240 pages
  • Renub Research

FEATURED COMPANIES

  • Electrolux
  • Haier Group Corporation
  • LG Corp
  • Midea Group
  • Phillips

The China home appliances market is growing at the highest growth rate around the world. With more advances in technology and easy availability of raw material at affordable prices, the nation is propelling in the home appliance market. Rapid urbanization, rise in disposable income and high demand for home appliance in rural areas of China are the other factors for this growth. According to this analysis, China Home Appliance Market is forecasted to be more than US$ 130 Billion by the end of year 2026.

The use of advanced technologies such as WI-FI and Bluetooth in the Chinese home appliance that can be accessed through smartphones and tablets are attracting tech-savvy consumers. Home appliances in China are becoming environmentally friendly and energy-efficient with new designs and advance features, the market of products like washing machines and refrigerators are growing due to premiumization trends in the country.

The contribution of ecommerce websites for the growth of home appliances in China is an added advantage with the comparison of products, competitive pricing, lucrative discount, and offers doorstep delivery. Moreover, Chinese manufacturing companies are producing quality products to fulfill local demand as they are ahead in technological innovation, have extensive distribution networks, and sell home appliance products in affordable pricing.

Subsidy by the Chinese Government

To boost the home appliances market, the Chinese government is providing subvention up to 13 percent of product price with a limit up to RMB 800 per product. This initiative was started in April 2019, for home appliances which meet the criterion for environmental and energy consumption. Some provincial government started this intuitive in January 2019, such as the Beijing municipal government provides subsidy from 8 percent to 20 percent for 15 different products.

Initiatives of Chinese Companies

Over that period, several local companies have risen, delivering accessible products to price-sensitive Chinese consumers, while also infusing the latest epoch of home appliances with intelligent connectivity to construct Internet of Things (IoT) ecosystems within the home. With the growing household market in China, Midea generated more than $ 40 billion revenue in the year 2019 with leading products, including residential and commercial air conditioners, along with dishwashers, washing machines, and refrigerators.

Midea’s smart home division focuses on linking entire sections of the home, with an intelligent health procedure to monitor air temperature and humidity, formaldehyde concentration, and other environmental factors. Another home appliance company Haier launched U+ App in June 2019. Through this mobile app, users can get information on water temperature and quality in a locality. The washing machine can provide customized washing solution by recognizing the brand and material of garments as well as brand and density of the washing liquid.

COVID-19 affecting China Home Appliances Market

Home appliances market in China has been affected due to the outbreak of the coronavirus epidemic; it has brought unprecedented defiance to China’s in lying demand and export orders. Home appliance companies have been resuming operation and then taking a break since March 2020. Pandemic COVID-19 has affected home appliances sales in China. The comprehensive analysis of COVID-19 effect on the China Home Appliances Market is provided in our research report.

This report titled “China Home Appliances Market by Products (Refrigerators, Freezers, Dishwashing Machines, Washing Machine, Cookers & Ovens, Vacuum Cleaners, Small Kitchens Appliances, Coffee Machines, Microwave Ovens, Electric Kettles) by Distribution Channels (Online and Offline), and Company Analysis (LG Corp, Electrolux, Phillips, Haier Group Corporation, and Midea Group)” provides a complete analysis of the China Home Appliances Market and Volume.

By Products - China Appliances Market and Volume Insights

In this research report, the market and volume analysis of Refrigerators, Freezers, Dishwashing Machines, Washing Machines, Cookers & Ovens, Vacuum Cleaners, Small Kitchens Appliances, Coffee Machines, Microwave Ovens and Electric Kettles are covered.

By Distribution Channels - China Appliances Market and Volume Insights

  • Online
  • Offline

Products covered in the Report

  • Refrigerators
  • Freezers
  • Dishwashing Machines
  • Washing Machines
  • Cookers & Ovens
  • Vacuum Cleaners
  • Small Kitchens Appliances
  • Coffee Machines
  • Microwave Ovens
  • Electric Kettles

All the Companies have been covered from 3 Viewpoints

  • Overview
  • Recent Initiatives
  • Sales Analysis

Companies Covered in the Report

  • LG Corp
  • Electrolux
  • Phillips
  • Haier Group Corporation
  • Midea Group
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Electrolux
  • Haier Group Corporation
  • LG Corp
  • Midea Group
  • Phillips
1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamic
4.1 Growth Driver
4.2 Challenges

5. China Home Appliance Market & Volume
5.1 Market
5.2 Volume

6. China Home Appliance Market Share Analysis
6.1 By Products
6.2 By Distribution Channels
6.3 By Company Share

7. China Home Appliance Volume Share Analysis
7.1 By Products
7.2 By Distribution Channels

8. Products - China Home Appliance Market and Volume
8.1 Refrigerators
8.1.1 Market
8.1.2 Volume
8.2 Freezers
8.2.1 Market
8.2.2 Volume
8.3 Dishwashing Machines
8.3.1 Market
8.3.2 Volume
8.4 Washing Machine
8.4.1 Market
8.4.2 Volume
8.5 Cookers & Ovens
8.5.1 Market
8.5.2 Volume
8.6 Vacuum Cleaners
8.6.1 Market
8.6.2 Volume
8.7 Small Kitchens Appliances
8.7.1 Market
8.7.2 Volume
8.8 Coffee Machines
8.8.1 Market
8.8.2 Volume
8.9 Microwave Ovens
8.9.1 Market
8.9.2 Volume
8.10 Electric Kettles
8.10.1 Market
8.10.2 Volume

9. Distribution Channels - China Home Appliance Volume
9.1 Market
9.1.1 Online
9.1.2 Offline
9.2 Volume
9.2.1 Online
9.2.2 Offline

10. Merger & Acquisitions

11. Company Analysis
11.1 LG Corp
11.1.1 Overview
11.1.2 Recent Development
11.1.3 Sales Analysis
11.2 Electrolux
11.2.1 Overview
11.2.2 Recent Development
11.2.3 Sales Analysis
11.3 Phillips
11.3.1 Overview
11.3.2 Recent Development
11.3.3 Sales Analysis
11.4 Haier Group Corporation
11.4.1 Overview
11.4.2 Recent Development
11.4.3 Sales Analysis
11.5 Midea Group
11.5.1 Overview
11.5.2 Recent Development
11.5.3 Sales Analysis

List of Figures:
Figure-01: China Appliances Market (Billion US$), 2019 - 2026
Figure-02: China Appliances Volume (Million), 2019 - 2026
Figure-03: Internet Retailing Platform in China Q4 2019
Figure-04: Number of Internet Users in China (In Million 2015 - 2025)
Figure-05: Annual Population Growth Rate in China 2010-2026
Figure-06: China Households Debt to GDP in Percent (July -17 to Apr -20)
Figure-07: China Appliances Market (Billion US$), 2015 - 2019
Figure-08: Forecast for China Appliances Market (Billion US$), 2020 - 2026
Figure-09: China Appliances Volume (Million), 2015 - 2019
Figure-10: Forecast for China Appliances Volume (Million), 2020 - 2026
Figure-11: China Appliances Market Share Analysis by Distribution Channels (Percent), 2015 - 2019
Figure-12: Forecast for China Appliances Market Share Analysis by Distribution Channels (Percent), 2020 - 2026
Figure-13: China Refrigerators Market (Billion US$), 2015 - 2019
Figure-14: Forecast for China Refrigerators Market (Billion US$), 2020 - 2026
Figure-15: China Refrigerators Volume (Million), 2015 - 2019
Figure-16: Forecast for China Refrigerators Volume (Million), 2020 - 2026
Figure-17: China Freezers Market (Billion US$), 2015 - 2019
Figure-18: Forecast for China Freezers Market (Billion US$), 2020 - 2026
Figure-19: China Freezers Volume (Million), 2015 - 2019
Figure-20: Forecast for China Freezers Volume (Million), 2020 - 2026
Figure-21: China Dishwashing Machines Market (Billion US$), 2015 - 2019
Figure-22: Forecast for China Dishwashing Machines Market (Billion US$), 2020 - 2026
Figure-23: China Dishwashing Machines Volume (Million), 2015 - 2019
Figure-24: Forecast for China Dishwashing Machines Volume (Million), 2020 - 2026
Figure-25: China Washing Machine Market (Billion US$), 2015 - 2019
Figure-26: Forecast for China Washing Machine Market (Billion US$), 2020 - 2026
Figure-27: China Washing Machine Volume (Million), 2015 - 2019
Figure-28: Forecast for China Washing Machine Volume (Million), 2020 - 2026
Figure-29: China Cookers & Ovens Market (Billion US$), 2015 - 2019
Figure-30: Forecast for China Cookers & Ovens Market (Billion US$), 2020 - 2026
Figure-31: China Cookers & Ovens Volume (Million), 2015 - 2019
Figure-32: Forecast for China Cookers & Ovens Volume (Million), 2020 - 2026
Figure-33: China Vacuum Cleaners Market (Billion US$), 2015 - 2019
Figure-34: Forecast for China Vacuum Cleaners Market (Billion US$), 2020 - 2026
Figure-35: China Vacuum Cleaners Volume (Million), 2015 - 2019
Figure-36: Forecast for China Vacuum Cleaners Volume (Million), 2020 - 2026
Figure-37: China Small Kitchens Appliances Market (Billion US$), 2015 - 2019
Figure-38: Forecast for China Small Kitchens Appliances Market (Billion US$), 2020 - 2026
Figure-39: China Small Kitchens Appliances Volume (Million), 2015 - 2019
Figure-40: Forecast for China Small Kitchens Appliances Volume (Million), 2020 - 2026
Figure-41: China Coffee Machines Market (Million US$), 2015 - 2019
Figure-42: Forecast for China Coffee Machines Market (Million US$), 2020 - 2026
Figure-43: China Coffee Machines Volume (Million), 2015 - 2019
Figure-44: Forecast for China Coffee Machines Volume (Million), 2020 - 2026
Figure-45: China Microwave Ovens Market (Million US$), 2015 - 2019
Figure-46: Forecast for China Microwave Ovens Market (Million US$), 2020 - 2026
Figure-47: China Microwave Ovens Volume (Million), 2015 - 2019
Figure-48: Forecast for China Microwave Ovens Volume (Million), 2020 - 2026
Figure-49: China Electric Kettles Market (Million US$), 2015 - 2019
Figure-50: Forecast for China Electric Kettles Market (Million US$), 2020 - 2026
Figure-51: China Electric Kettles Volume (Million), 2015 - 2019
Figure-52: Forecast for China Electric Kettles Volume (Million), 2020 - 2026
Figure-53: China Online Distribution Market (Billion US$), 2015 - 2019
Figure-54: Forecast for China Online Distribution Market (Billion US$), 2020 - 2026
Figure-55: China Online Distribution Volume (Million), 2015 - 2019
Figure-56: Forecast for China Online Distribution Volume (Million), 2020 - 2026
Figure-57: China Offline Distribution Market (Billion US$), 2015 - 2019
Figure-58: Forecast for China Offline Distribution Market (Billion US$), 2020 - 2026
Figure-59: China Offline Distribution Volume (Million), 2015 - 2019
Figure-60: Forecast for China Offline Distribution Volume (Million), 2020 - 2026
Figure-61: Global - LG Electronics Sales (Billion US$), 2015 - 2019
Figure-62: Global - Forecast for LG Electronics Sales (Billion US$), 2020 - 2026
Figure-63: Global - Electrolux AB Sales (Billion US$), 2015 - 2019
Figure-64: Global - Forecast for Electrolux AB Sales (Billion US$), 2020 - 2026
Figure-65: Global - Philips Group Sales (Billion US$), 2015 - 2019
Figure-66: Global - Forecast for Philips Group (Billion US$), 2020 - 2025
Figure-67: Global - Haier Group Corporation Sales (Billion US$), 2015 - 2019
Figure-68: Global - Forecast for Haier Group Corporation (Billion US$), 2020 - 2026
Figure-69: Global - Midea Group Sales (Billion US$), 2015 - 2019
Figure-70: Global - Forecast for Midea Group (Billion US$), 2020 - 2026

List of Tables:
Table-01: China Appliances Market Share Analysis by Products (Percent), 2015 - 2019
Table-02: Forecast for China Appliances Market Share Analysis by Products (Percent), 2020 - 2026
Table-03: China Appliances Volume Share Analysis by Products (Percent), 2015 - 2019
Table-04: Forecast for China Appliances Volume Share Analysis by Products (Percent), 2020 - 2026
Table-05: Acquisition by Electrolux AB
Note: Product cover images may vary from those shown
  • LG Corp
  • Electrolux
  • Phillips
  • Haier Group Corporation
  • Midea Group
Note: Product cover images may vary from those shown

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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