PUBLISHER: Market Research Future | PRODUCT CODE: 1581706
PUBLISHER: Market Research Future | PRODUCT CODE: 1581706
Global B2B White Goods Market Research Report Information By Product Type ( Air Conditioner, Refrigerator, Washing Machines, Dishwasher, Tumble Dryer, Coffee Machine (Fully Automatic), Vacuum Cleaners, Cooking Products, and Others), By End-User (Office, Industrial, Institutes, HoReCa and Others), By Distribution Channel (Direct and Indirect), and By Region (North America, Europe, Asia-Pacific, South America, and Middle East & Africa) Forecast Till 2032
The B2B White Goods market is expected to increase from 2024 to USD 3,05,743.25 million by 2032, with a compound yearly growth rate (CAGR) of 5.1% over the forecast period (2024-2032). Convenience, safety, and environmental concerns drive demand in the B2B white goods sector. The B2B white goods industry provides features such as smart connectivity, self-cleaning choices, and automated controls. Additionally, they provide appliances with built-in safety features such as fire suppression, leak detection, and automatic shut-off mechanisms, particularly in the hospitality and healthcare industries. Furthermore, the industry is being driven by customers' shifting lifestyles in line with current trends.
Consumers are increasingly lured to smart home features, and they expect appliances that interact seamlessly with their digital ecosystems. This translates into increased B2B demand for white goods with Wi-Fi connectivity, which enables remote control, monitoring, and data-driven usage insights. Manufacturers are working on building appliances that integrate with popular smart home platforms and voice assistants, in response to the growing need for a more automated and comfortable living experience. There is an increasing emphasis on health and well-being, which influences consumer purchasing decisions.
Market Segment insights
The B2B White Goods Market is segmented by product type and comprises air conditioners, refrigerators, washing machines, dishwashers, tumble dryers, coffee machines (totally automatic), vacuum cleaners, kitchen goods, and others.
End-user segments in the market include office, industrial, institutions, HoReCa, and others.
Market segmentation is based on distribution channels, which include direct and indirect.
Regional insights
In 2023, the Asia Pacific B2B White Goods market will account for the greatest market share of 49.68%, with a CAGR of 4.95%. The Asia Pacific (APAC) area is experiencing a considerable increase in the B2B (business-to-business) market for white goods. This includes important household items like refrigerators, washing machines, air conditioners, and more, which are transferred between corporations.
The North American b2b white goods appliances market has expanded dramatically in recent years, thanks to a few key trends, drivers, and opportunities. The growing use of smart technology is one of the most noticeable developments in the North American appliance industry.
The B2B white goods market in Europe is growing, involving the exchange of big residential appliances such as refrigerators, washing machines, dishwashers, and ovens among enterprises. This sector serves a wide variety of buyers, including retailers, wholesalers, property developers, and hospitality groups.
The B2B white goods appliances market in the Middle East and Africa is a dynamic and expanding industry influenced by a variety of trends, drivers, and opportunities. Smart appliances are gaining popularity in the Middle East and Africa, owing to an increasingly tech-savvy population.
South America has a promising environment for the B2B (business-to-business) white goods sector, which includes domestic appliances such as refrigerators, washing machines, and stoves.
The prominent companies in the B2B White Goods Market include Arcelik, BSH Home Appliances Group, Electrolux, GE Appliances, Haier Group, Hisense, IFB Appliances, Miele & Cie. KG, Samsung Electronics Co. Ltd., and Whirlpool Corporation, among others.