FEATURED COMPANIES
- Bosch Gmbh
- LG Electronics Inc
- Panasonic Corporation
- Samsung Electronics
- Whirlpool Corp
Household Appliances Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global household appliances market as it emerges from the COVID-19 shut down.
Reasons to Purchase
Description:
Where is the largest and fastest growing market for the household appliances? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Household Appliances market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider household appliances market, and compares it with other markets.
Scope
Markets Covered:
1) By Type: Small Electrical Appliance; Household Cooking Appliance; Household Refrigerator and Home Freezer; Household Laundry Equipment; Other Major Household Appliance
2) By Application: Cooking; Cleaning; Others
3) By Mode: Online; Offline
Subsegments Covered: Household Type Fans; Household Type Vacuum Cleaners; Other Household Type Small Electric Appliances; Electric Stoves; Microwave Ovens; Barbecues and Grills; Other Household Cooking Appliance; Refrigerators; Freezers; Ice Boxes; Refrigerator/Freezer Combinations; Washing Machines; Ironers; Dryers; Other Household Laundry Equipment; Dishwashers; Waste Disposable Units; Water Heaters; All Other Major Household Appliance
Companies Mentioned: Samsung Electronics; Panasonic Corporation; Whirlpool Corp; Bosch Gmbh; LG Electronics Inc
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, household appliances indicators comparison.
Data segmentations: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for the household appliances? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Household Appliances market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider household appliances market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The household appliances market section of the report gives context. It compares the household appliances market with other segments of the electrical equipment market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, household appliances indicators comparison.
Scope
Markets Covered:
1) By Type: Small Electrical Appliance; Household Cooking Appliance; Household Refrigerator and Home Freezer; Household Laundry Equipment; Other Major Household Appliance
2) By Application: Cooking; Cleaning; Others
3) By Mode: Online; Offline
Subsegments Covered: Household Type Fans; Household Type Vacuum Cleaners; Other Household Type Small Electric Appliances; Electric Stoves; Microwave Ovens; Barbecues and Grills; Other Household Cooking Appliance; Refrigerators; Freezers; Ice Boxes; Refrigerator/Freezer Combinations; Washing Machines; Ironers; Dryers; Other Household Laundry Equipment; Dishwashers; Waste Disposable Units; Water Heaters; All Other Major Household Appliance
Companies Mentioned: Samsung Electronics; Panasonic Corporation; Whirlpool Corp; Bosch Gmbh; LG Electronics Inc
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, household appliances indicators comparison.
Data segmentations: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Frequently Asked Questions about the Global Household Appliances Market
What is the estimated value of the Global Household Appliances Market?
What is the growth rate of the Global Household Appliances Market?
What is the forecasted size of the Global Household Appliances Market?
Who are the key companies in the Global Household Appliances Market?
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Bosch Gmbh
- LG Electronics Inc
- Panasonic Corporation
- Samsung Electronics
- Whirlpool Corp
1. Executive Summary2. Report Structure7. Household Appliances Market Trends and Strategies8. Impact of COVID-19 on Household Appliances22. Key Mergers and Acquisitions in the Household Appliances Market26. Copyright and Disclaimer
3. Household Appliances Market Characteristics
4. Household Appliances Market Product Analysis
5. Household Appliances Market Supply Chain
6. Household Appliances Market Customer Information
9. Household Appliances Market Size and Growth
10. Household Appliances Market Regional Analysis
11. Household Appliances Market Segmentation
12. Household Appliances Market Segments
13. Household Appliances Market Metrics
14. Asia-Pacific Household Appliances Market
15. Western Europe Household Appliances Market
16. Eastern Europe Household Appliances Market
17. North America Household Appliances Market
18. South America Household Appliances Market
19. Middle East Household Appliances Market
20. Africa Household Appliances Market
21. Household Appliances Market Competitive Landscape
23. Market Background: Electrical Equipment Manufacturing Market
24. Recommendations
25. Appendix
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Bosch Gmbh
- LG Electronics Inc
- Panasonic Corporation
- Samsung Electronics
- Whirlpool Corp
Major companies in the household appliance market include Samsung Electronics; Panasonic Corporation; Whirlpool Corp; Bosch Gmbh and LG Electronics Inc.
The global household appliances market is expected to grow from $308.11 billion in 2020 to $331.57 billion in 2021 at a compound annual growth rate (CAGR) of 7.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $436.04 billion in 2025 at a CAGR of 7%.
The household appliance market consists of sales of household appliances by entities (organizations, sole traders and partnerships) that produce small electric appliances, electric housewares, and major household appliances. The household appliance market is segmented into small electrical appliance; household cooking appliance; household refrigerator and home freezer; household laundry equipment and other major household appliance.
Asia Pacific was the largest region in the global household appliances market, accounting for 49% of the market in 2020. Western Europe was the second largest region accounting for 19% of the global household appliances market. Africa was the smallest region in the global household appliances market.
Household appliance manufacturers are embedding LED lights in their products to minimize power consumption. LED lights require lesser wattage as compared to CFL or incandescent light bulbs. Household appliance manufacturers are more focused on introducing products with LED lighting for minimal power consumption and improved visual appearance. For instance, GE’s LED refrigerator lighting systems minimizes power consumption by 80% compared to halogen lamps. The company has introduced products such as café’s French door refrigerators and profile wall ovens with this lighting. For instance, some of the major companies manufacturing LED lighting include Philip Electronics N.V., Osram Opto, Digital Lumens Inc and Cree Corporation.
Increasing demand for online on demand laundry services is expected to restrain the market for household washing machines in the forecast period. The on demand laundry services market is expected to be aided by stable economic growth forecast in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global real GDP growth will be 3.7% over 2019 and 2020, and 3.6% from 2021 to 2023. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. For instance, China is forecast to register GDP growth of 6.2% in 2019. Stable economic growth, increasing internet penetration, and rising disposable income coupled with hectic lifestyle of individuals will lead to an increase in on demand laundry services, thereby decreasing the market for household washing machines.
The rising trend of outdoor parties and cookouts on weekends and holiday is expected to drive the market for barbeques and grills in the forecast period. Rapidly evolving lifestyle along with the increasing outdoor recreational activities will increase the demand for barbeque machines and grills. The Europe barbeque grill market is expected to grow to $5.98 million by 2026. Increasing access to unique camping sites, and increasing adventure camping, coupled with the rising disposable income will drive the market for barbeques globally, which in turn will boost the market for household appliances in the forecast period.
The global household appliances market is expected to grow from $308.11 billion in 2020 to $331.57 billion in 2021 at a compound annual growth rate (CAGR) of 7.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $436.04 billion in 2025 at a CAGR of 7%.
The household appliance market consists of sales of household appliances by entities (organizations, sole traders and partnerships) that produce small electric appliances, electric housewares, and major household appliances. The household appliance market is segmented into small electrical appliance; household cooking appliance; household refrigerator and home freezer; household laundry equipment and other major household appliance.
Asia Pacific was the largest region in the global household appliances market, accounting for 49% of the market in 2020. Western Europe was the second largest region accounting for 19% of the global household appliances market. Africa was the smallest region in the global household appliances market.
Household appliance manufacturers are embedding LED lights in their products to minimize power consumption. LED lights require lesser wattage as compared to CFL or incandescent light bulbs. Household appliance manufacturers are more focused on introducing products with LED lighting for minimal power consumption and improved visual appearance. For instance, GE’s LED refrigerator lighting systems minimizes power consumption by 80% compared to halogen lamps. The company has introduced products such as café’s French door refrigerators and profile wall ovens with this lighting. For instance, some of the major companies manufacturing LED lighting include Philip Electronics N.V., Osram Opto, Digital Lumens Inc and Cree Corporation.
Increasing demand for online on demand laundry services is expected to restrain the market for household washing machines in the forecast period. The on demand laundry services market is expected to be aided by stable economic growth forecast in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global real GDP growth will be 3.7% over 2019 and 2020, and 3.6% from 2021 to 2023. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. For instance, China is forecast to register GDP growth of 6.2% in 2019. Stable economic growth, increasing internet penetration, and rising disposable income coupled with hectic lifestyle of individuals will lead to an increase in on demand laundry services, thereby decreasing the market for household washing machines.
The rising trend of outdoor parties and cookouts on weekends and holiday is expected to drive the market for barbeques and grills in the forecast period. Rapidly evolving lifestyle along with the increasing outdoor recreational activities will increase the demand for barbeque machines and grills. The Europe barbeque grill market is expected to grow to $5.98 million by 2026. Increasing access to unique camping sites, and increasing adventure camping, coupled with the rising disposable income will drive the market for barbeques globally, which in turn will boost the market for household appliances in the forecast period.
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- Samsung Electronics
- Panasonic Corporation
- Whirlpool Corp
- Bosch Gmbh
- LG Electronics Inc
Note: Product cover images may vary from those shown
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