Global Household Appliances Market Size study, by Product, by Distribution Channel and Regional Forecasts 2022-2032

Description

Global Household Appliances Market is valued approximately at USD 490.45 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 6.03% over the forecast period 2024-2032. Household appliances, encompassing a wide range of electrical and mechanical devices designed for various domestic tasks, have become indispensable in modern homes. These appliances are crucial for cooking, cleaning, entertainment, food preservation, laundry, and temperature control. The market is divided into major appliances (white goods), small appliances, and consumer electronics. Major appliances, such as refrigerators and washing machines, require special connections and are less mobile, while small appliances, like blenders and coffee machines, are portable. Consumer electronics, including TVs and music systems, cater to entertainment and home-office needs. The demand for household appliances is driven by technological advancements, rapid urbanization, growth in the housing sector, increased per capita income, improved living standards, and changes in consumer lifestyles. Additionally, the rising number of smaller households has escalated the need for compact, efficient appliances. The growing inclination towards eco-friendly and energy-efficient appliances is further propelling market growth. Government initiatives promoting energy-efficient appliances in the U.S. and EU countries have also facilitated market expansion.

The market dynamics are influenced significantly by the increase in disposable income among consumers. As individuals gain more financial resources, they are inclined to invest in modern, sophisticated appliances that offer convenience, energy efficiency, and enhanced functionality. The surge in disposable income has driven the demand for premium household appliances, including smart refrigerators and advanced cooking appliances. However, the proliferation of counterfeit products poses a significant challenge, leading to potential risks for consumers and erosion of trust in legitimate brands. Counterfeit goods, often of substandard quality, impact the reputation of genuine manufacturers and create an uneven playing field. The rise in online retail platforms has emerged as a major driver, with consumers increasingly preferring the convenience of online shopping. The integration of augmented reality (AR) and virtual reality (VR) technologies in e-commerce platforms has further enhanced the online shopping experience, potentially leading to increased sales and customer satisfaction.

The key regions considered for the global Household Appliances Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in 2023 and is expected to retain its position during the forecast period. The region's robust demand for household appliances is driven by high disposable incomes, a focus on convenience and efficiency, and the presence of leading manufacturers and brands. The trend toward smart homes and connected appliances is particularly prevalent in North America, contributing to market growth. Asia-Pacific is expected to witness significant growth due to the increasing number of online shoppers and the adoption of digital solutions by online payday loan enterprises in developing countries such as China, India, and Singapore.

Major market players included in this report are:

Whirlpool Corporation
LG Electronics Inc.
Samsung Electronics Co., Ltd.
Panasonic Corporation
Haier Group Corporation
Electrolux AB
Robert Bosch GmbH
Koninklijke Philips N.V.
Miele & Cie. KG
Hitachi, Ltd.
Arcelik A.S.
Gree Electric Appliances Inc.
Toshiba Corporation
Mitsubishi Electric Corporation
Sharp Corporation

The detailed segments and sub-segment of the market are explained below:

By Product:

Refrigerator
Air Conditioner and Heater
Entertainment and Information Appliances
Washing Machine
Dish Washer
Wall Oven
Microwave
Cooking Appliances
Coffee Machine
Blender
Juicer
Canister
Deep Cleaners
Other Vacuum Cleaners
Steam Mop
Other Appliances

By Distribution Channel:

Supermarket and Hypermarket
Specialty Store
E-Commerce
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Household Appliances Market Executive Summary

1.1. Global Household Appliances Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product
- 1.3.2. By Distribution Channel
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Household Appliances Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Household Appliances Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing disposable income
- 3.1.2. Technological advancements
- 3.1.3. Growth in housing sector
3.2. Market Challenges
- 3.2.1. Proliferation of counterfeit products
- 3.2.2. High initial investment costs
3.3. Market Opportunities
- 3.3.1. Rising adoption of smart appliances
- 3.3.2. Growth in online retail platforms

Chapter 4. Global Household Appliances Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Household Appliances Market Size & Forecasts by Product 2022-2032

5.1. Segment Dashboard
5.2. Global Household Appliances Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Refrigerator
- 5.2.2. Air Conditioner and Heater
- 5.2.3. Entertainment and Information Appliances
- 5.2.4. Washing Machine
- 5.2.5. Dish Washer
- 5.2.6. Wall Oven
- 5.2.7. Microwave
- 5.2.8. Cooking Appliances
- 5.2.9. Coffee Machine
- 5.2.10. Blender
- 5.2.11. Juicer
- 5.2.12. Canister
- 5.2.13. Deep Cleaners
- 5.2.14. Other Vacuum Cleaners
- 5.2.15. Steam Mop
- 5.2.16. Other Appliances

Chapter 6. Global Household Appliances Market Size & Forecasts by Distribution Channel 2022-2032

6.1. Segment Dashboard
6.2. Global Household Appliances Market: Distribution Channel Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Supermarket and Hypermarket
- 6.2.2. Specialty Store
- 6.2.3. E-Commerce
- 6.2.4. Others

Chapter 7. Global Household Appliances Market Size & Forecasts by Region 2022-2032

7.1. North America Household Appliances Market
- 7.1.1. U.S. Household Appliances Market
  - 7.1.1.1. Product breakdown size & forecasts, 2022-2032
  - 7.1.1.2. Distribution Channel breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Household Appliances Market
7.2. Europe Household Appliances Market
- 7.2.1. U.K. Household Appliances Market
- 7.2.2. Germany Household Appliances Market
- 7.2.3. France Household Appliances Market
- 7.2.4. Spain Household Appliances Market
- 7.2.5. Italy Household Appliances Market
- 7.2.6. Rest of Europe Household Appliances Market
7.3. Asia-Pacific Household Appliances Market
- 7.3.1. China Household Appliances Market
- 7.3.2. India Household Appliances Market
- 7.3.3. Japan Household Appliances Market
- 7.3.4. Australia Household Appliances Market
- 7.3.5. South Korea Household Appliances Market
- 7.3.6. Rest of Asia Pacific Household Appliances Market
7.4. Latin America Household Appliances Market
- 7.4.1. Brazil Household Appliances Market
- 7.4.2. Mexico Household Appliances Market
- 7.4.3. Rest of Latin America Household Appliances Market
7.5. Middle East & Africa Household Appliances Market
- 7.5.1. Saudi Arabia Household Appliances Market
- 7.5.2. South Africa Household Appliances Market
- 7.5.3. Rest of Middle East & Africa Household Appliances Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Whirlpool Corporation
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. LG Electronics Inc.
- 8.3.3. Samsung Electronics Co., Ltd.
- 8.3.4. Panasonic Corporation
- 8.3.5. Haier Group Corporation
- 8.3.6. Electrolux AB
- 8.3.7. Robert Bosch GmbH
- 8.3.8. Koninklijke Philips N.V.
- 8.3.9. Miele & Cie. KG
- 8.3.10. Hitachi, Ltd.
- 8.3.11. Arcelik A.S.
- 8.3.12. Gree Electric Appliances Inc.
- 8.3.13. Toshiba Corporation
- 8.3.14. Mitsubishi Electric Corporation
- 8.3.15. Sharp Corporation

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes