PUBLISHER: Market Research Future | PRODUCT CODE: 1642439
PUBLISHER: Market Research Future | PRODUCT CODE: 1642439
Global B2b White Goods Market Research Report Information by Product (Cooking Products, Refrigerator & Freezers, Washing Machines, Dryer/Tumble Dryer, Dishwasher), By Distribution Channel (Authorized Dealers, Distributers, Importers, Wholesalers, Retailers) And by Region (North America, Europe, Asia Pacific, Rest of The World) Forecast Till 2032
The B2b White Goods Market was valued at USD 230.24 billion in 2023 and is expected to reach a value of USD 340.54 billion in 2032 by 2032, with a compound annual growth rate (CAGR) of 4.46%.
Technological advancements, urbanization, and changing consumer lifestyles continue to fuel steady growth in the white goods market, which includes large household appliances such as dishwashers, washing machines, refrigerators, and cooking products. The recent past has seen a rise in the demand for modern home appliances that are both efficient and convenient to use, as a result of the emergence of nuclear families and the rising disposable income. The global trend of sustainability and eco-friendliness is being reflected in the increasing popularity of energy-efficient and intelligent appliances.
Consumer expectations are being reshaped across all price categories as a result of the increasing demand for connected home appliances. For instance, kitchen cooktops and hoods are increasingly integrating smart technologies that provide connectivity features, including automated culinary modes, app-based monitoring, and voice control. This demand is best met by authorized dealers, who provide a curated selection of technologically advanced, premium products that are appealing to the contemporary, connected consumer. The emphasis on sustainability and energy efficiency is another significant trend. The demand for white products that reduce energy consumption and environmental impact is on the rise as consumers become more environmentally conscious. This is especially apparent in appliances such as dishwashers, dryers, and laundry machines. Distributors and importers are emphasizing the provision of energy-efficient models that adhere to local regulatory standards and are designed to assist consumers in reducing their utility expenses. Wholesalers have responded to the demand for energy-efficient appliances by sourcing a diverse selection of models that are eco-friendly and offer varying price points, thereby appealing to a broad consumer base.
Market segment insights
The b2b white goods market is segmented based on product, including culinary products, refrigerators and freezers, washing machines, dryers/tumble dryers, and dishwashers.
The market is segmented into authorized dealers, distributors, importers, wholesalers, and retailers based on the distribution channel.
Regional Perspectives
The b2b white goods market report has been segmented into North America, South America, Europe, Asia Pacific, and the Middle East & Africa based on region. The Asia-Pacific region is projected to register a compound annual growth rate (CAGR) of 5.36% and hold the greatest market share of 53.48% in 2023. The Asia Pacific region is a thriving market for business-to-business white goods, due to the rapid urbanization, thriving hospitality sector, and increasing infrastructural development.
Whirlpool Corporation, LG Electronics, Electrolux, Samsung Electronics, Haier Group, Miele, Bosch Home Appliances, Panasonic Holdings Corporation, IFB Industries, and Hisense are among the leading companies in the processed meat market.