Consumer Appliances Market 2020-2026

Global Consumer Appliances Market Size, Share & Trends Analysis Report by Product Type (Air Solution, Entertainment, Laundry & Cleanliness, Connectivity, Water Solution, Kitchen Appliances, Grooming Accessories, Wearables, and Other Consumer Appliances), By Usage (Personal Care/Individual and Domestic Use), By Distribution Channel (Online and Offline), Forecast Period 2020-2026.

The global consumer appliances market is anticipated to grow at a CAGR of 6.2% during the forecast period. The increasing emphasis of industry players on launching products that provide consumers with technology along with functionality is driving the consumer appliance market. Moreover, appliances with connected devices & various intelligent features are also driving market growth all across the globe.

The global consumer appliances market is segmented based on product type, usage, and distribution channels. Based on the product type, the market is segmented into air solutions, entertainment, laundry & cleanliness, connectivity, water solution, kitchen appliances, grooming accessories, wearables, and other consumer appliances. The air solution (HVAC system, air purifier, air cooler, fans, and exhaust fans), entertainment (television, speaker, smart speaker & radio, gaming console, and digital camera), laundry & cleanliness (washing machine & dryers, dishwasher, and vacuum cleaner), connectivity (smartphones, tablets, and desktop, laptops & its accessories), water solution (water purifiers, water geysers, and water pump), and kitchen appliances (refrigerators, microwave, mixer & juicer, stove & hobs, and others) are further sub-segmented.

By usage, the market is sub-segmented into personal care/individual and domestic use. The personal care/individual segment is expected to experience a significant growth rate during the forecast period. On the basis of the distribution channel, the market is sub-segmented into online and offline. The global consumer appliances market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific is expected to show significant growth in the market during the forecast period. The growth in the region is owing to the increased digitalization across the region.

The key players of the global consumer appliances market include Apple Inc., Samsung Electronics, Whirlpool Corp., BBK Electronics Corp., Dell Inc., Panasonic Corp., Koninklijke Philips N.V., Ingersoll Rand Plc., AB Electrolux, Hitachi, Ltd., Rinnai Corp. The market players are considerably contributing to market growth by adopting various growth strategies to stay competitive in the market. For instance, in June 2020, Samsung Electronics expended its IoT profile offering in India with the launch of connected refrigerator SpaceMax Family Hub. The refrigerator comes with various features such as automate meal planning and connects with other smart appliances including smartphones and provides an entertainment screen on the refrigerator.

Research Methodology

The market study of the global consumer appliances market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. the team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders, and industry experts as to brings more authenticity to the reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for consumer appliances suppliers and manufacturers, retail companies, government, venture capitalists, seed funders, start-ups, and other related organizations for overall market analysis and competitive analysis. The market covers all the consumer appliances used in the household whose power source is electricity. Moreover, the product used in commercial activities is excluded from the market. Besides, the report can be customized as per the requirements. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation:

1. Global Consumer Appliances Market Research and Analysis by Product Type
2. Global Consumer Appliances Market Research and Analysis by Usage
3. Global Consumer Appliances Market Research and Analysis by Distribution Channel

The Report Covers:

• Comprehensive research methodology of the global consumer appliances market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global consumer appliances market.
• Insights about market determinants that are stimulating the global consumer appliances market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.