Appliances Market

Appliances Market by Products (Home [Washing Machine, Television, Refrigerator, and Air Conditioner], Smartphones, and Personal Care [Oral Care and Hair Care]), and Regions (Asia Pacific, North America, Latin America, Europe and Middle East & Africa) - Global Industry Analysis, Trends, Growth, Share, Size, and Forecast 2021 – 2028

  • Report ID: CG-393
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 178
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The global appliances market is anticipated to expand at a CAGR of 7% during the forecast period, 2021 – 2028. The growth of the market is attributed to the increasing demand for technologically advanced household and personal care appliances.

The concept of controlling and managing home appliances through smartphone devices and increasing Internet penetration is leading to large acceptance of smart appliances across the globe. Manufacturers are changing their focus toward revenue-oriented and high-margin smart connected appliances. These factors have given increase to intense competition, thereby encouraging manufacturers develop advanced and convenience-oriented products.

Appliances Market Key Takeaways

The macroeconomic factors such as changing consumer buying patterns, digitalization, and increasing demand for consumer electronics are augmenting the market growth. The manufacturers are concentrating on development of smart appliances by integrating sensors, intelligent electronic controls, and advanced machine programs.

The raw materials used in the manufacturing of the appliances involve silicone, plastics, and metals. They account for over 65% of the production cost. These raw materials have negative environmental and social impacts such as mass-scale extraction of metals, toxic gas emissions, and resource contamination. The regulatory bodies such as the US Environmental Protection Agency (EPA), Energy Efficiency and Renewable Energy (EERE), Association of Home Appliance Manufacturers (AHAM), and American society of heating, refrigerating, and air-conditioning engineers (ASHRAE), have implemented stringent to establish customers’ safety.

Market Trends, Drivers, Restraints, and Opportunities:

  • Increasing need for safe and effective appliances has made companies to produce eco-friendly products with improved durability, efficiency, and less power dependence. This, in turn, is expected to propel the market growth.
  • Easy availability of numerous household and kitchen appliances at reasonable rates, such as refrigerator, air conditioners, and televisions due to intense rivalry among the industry players is anticipated to positively influence the growth of the market.
  • Rising popularity of e-commerce shopping portals owing to availability of various discounts and free delivery services is anticipated to spur the market growth during the forecast period.
  • Increasing consumer spending and rising awareness related to energy-efficient products across the developing economies are expected to boost the market growth.

Scope of the Report

The report on the global appliances market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been involved in this report.

Attributes

Details

Report Title

Appliances Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Products [Home (Washing Machine, Television, Refrigerator, and Air Conditioner), Smartphones, and Personal Care (Oral Care and Hair Care)]

Regional Scope

Asia Pacific, Europe, North America, Latin America, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Growth Factors, Competitive Landscape, and Trends, and Revenue Forecast

Key Players Covered in the Report

Midea Group, Haier Group Corp., BSH Hausgeräte GmbH, Whirlpool Corporation, Electrolux AB, LG Corp., and Samsung Electronics Co. Ltd.


Global Appliances Market Segment Insights

Based on products, the market is segmented into home, smartphones, and personal care. The home segment is further divided into washing machines, television, refrigerators, and air conditioners. On the other hand, the personal care segment is divided into oral care and hair care. In 2020, the smartphones segment held a major market share, in terms of revenue. The cost, design, and operating system are the major parameters that determines the demand for smartphones across the globe. Increasing penetration of Internet is propelling the growth of the market segment. Increasing number of innovations in smartphone technology is anticipated to spur the market segment. The rivalry between Android and iOS device manufacturers is expected to stimulate the segment growth.

The home appliances segment dominated the market followed by the smartphone segment. Germany, China, Italy, and Mexico are the major exporters of household appliances, including air conditioners and televisions. Increasing disposable income and rapid growth of the e-commerce platforms are driving the growth of the home segment.

In terms of regions, the global appliances market is categorized as Asia Pacific, North America, Latin America, Europe and Middle East & Africa. Asia Pacific dominated the market in 2020, in terms of revenue, and is projected to continue its dominance throughout the analysis period. China is one of the major manufacturers of the appliances in the Asia Pacific. Consumers in the region are preferring low-cost and eco-friendly products. The market in North America accounted for a large share of the market owing to presence of major manufacturers and well-established e-commerce industry.

 Appliances Market By Regions

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Appliances Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Appliances Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Appliances Market - Supply Chain
  4.5. Global Appliances Market Forecast
     4.5.1. Appliances Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Appliances Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Appliances Market Absolute $ Opportunity
5. Global Appliances Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Appliances Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Appliances Demand Share Forecast, 2019-2026
6. North America Appliances Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Appliances Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Appliances Demand Share Forecast, 2019-2026
7. Latin America Appliances Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Appliances Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Appliances Demand Share Forecast, 2019-2026
8. Europe Appliances Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Appliances Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Appliances Demand Share Forecast, 2019-2026
9. Asia Pacific Appliances Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Appliances Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Appliances Demand Share Forecast, 2019-2026
10. Middle East & Africa Appliances Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Appliances Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Appliances Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Appliances Market: Market Share Analysis
  11.2. Appliances Distributors and Customers
  11.3. Appliances Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Haier Group Corp.
     11.4.2. Midea Group
     11.4.3. BSH Hausgeräte GmbH
     11.4.4. Whirlpool Corporation
     11.4.5. Electrolux AB
     11.4.6. LG Corp.
     11.4.7. Samsung Electronics Co. Ltd.
Segments Covered in the Report
The global appliances market has been segmented on the basis of

Products
  • Home
  • Washing Machine
  • Television
  • Refrigerator
  • Air Conditioner
  • Smartphones
  • Personal Care
  • Oral Care
  • Hair Care
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Haier Group Corp.
  • Midea Group
  • BSH Hausgeräte GmbH
  • Whirlpool Corporation
  • Electrolux AB
  • LG Corp.
  • Samsung Electronics Co. Ltd.

Some major players competing in the global appliances market include Haier Group Corp., Midea Group, BSH Hausgeräte GmbH, Whirlpool Corporation, Electrolux AB, LG Corp., and Samsung Electronics Co. Ltd.

Companies are focusing on the development of eco-friendly and advanced products to leverage their market position. This, in turn, it has increased the investment on the R&D activities from the companies. Moreover, they’re engaging in partnerships, collaborations, and mergers to expand their market share.

In 2018, Whirlpool Corporation, a major home appliance manufacturer and a recognized as an American Society for Training and Development (ASTD) BEST Award winner, launched a team-based leadership advancement program that focuses on solving prime business issues with clear short and long-term goals and objectives.

Appliances Market By Key Players

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