Market Forecast By Product (Refrigerator, Air Conditioner & Heater, Entertainment & Information Appliances, Washing Machine, Cleaning Appliance, Cooktop, Cooking Range, Microwave & Oven, Others), By Distribution Channel (Supermarket & Hypermarket, Specialty Stores, e-Commerce, Others) And Competitive Landscape
Product Code: ETC023815 | Publication Date: Oct 2020 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
In the year 2021, China was the largest exporter in terms of value, followed by Thailand. It has registered a growth of 9.59% over the previous year. While Thailand registered a decline of -8.64% as compare to the previous year. In the year 2017 China was the largest exporter followed by Thailand. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Australia has the Herfindahl index of 2288 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of 2745 which signifies high concentration in the market.
Report Name | Australia Household Appliances Market |
Forecast period | 2025-2031 |
CAGR | 3% |
Growing Sector | Residential |
Australia Household Appliances Market report thoroughly covers the market by Product and distribution channel. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Australia Household Appliances Market is at a pivotal stage, characterized by rapid technological evolution and shifting consumer trends. The market's growth trajectory is significantly influenced by the consumer shift towards smart and energy-efficient appliances, driven by a growing consciousness about environmental issues and the desire for convenience and advanced features in home appliances. Companies operating in this sector are facing stiff competition, necessitating continuous innovation and the adoption of robust marketing strategies to maintain market share and profitability. With government initiatives supporting energy conservation and sustainability, the market is also seeing an increased demand for eco-friendly products. As the landscape of the Australian household appliances market continues to evolve, companies that are quick to adapt to consumer needs, invest in technology, and focus on sustainability will likely emerge as leaders.
According to 6Wresearch, the Australia Household Appliances Market size is projected to grow at the CAGR of 3 % during the forecast period of 2025-2031. One of the major drivers of growth in the Australian household appliances market is the increasing urbanization and modernization in the country. As more and more people move to cities, the demand for household appliances such as refrigerators, washing machines, and dishwashers increases. Moreover, with the rise in disposable incomes, there has been a shift towards premium and high-tech appliances that offer convenience and energy efficiency. This trend is expected to continue in the coming years, further driving the growth of the market. Despite the positive growth of the market, there are some challenges that hinder its full potential. The high cost of electricity in Australia is a major concern for households, making them cautious about their energy consumption. This has led to a decrease in demand for appliances with high energy consumption rates. Moreover, the increasing competition from online retailers and discount department stores has put pressure on traditional brick-and-mortar retailers, leading to lower profit margins. The Household appliances market in Australia offers several opportunities for manufacturers and retailers. With the government's focus on energy efficiency and sustainability, there is a growing demand for eco-friendly appliances. This presents an opportunity for companies to innovate and offer more environmentally friendly products. Moreover, with the rise of smart home technology, there is a growing market for connected appliances that can be controlled and monitored through smartphones or virtual assistants. This opens up a whole new market for advanced and high-tech household appliances.
The Australian government has introduced several policies and schemes aimed at bolstering the household appliances market. These include energy efficiency standards and labels that encourage the adoption of greener products, thereby aiding in the country's environmental sustainability goals. Furthermore, rebate programs for energy-efficient appliances have also been put in place, making it financially appealing for consumers to upgrade to more eco-friendly options.
Leading players in the Australia Household Appliances Industry include prominent global and local brands such as Whirlpool, LG, Samsung, and Breville. These companies are at the forefront of integrating innovative technologies, like IoT and artificial intelligence, to offer smarter and more energy-efficient household appliances. Their commitment to quality and sustainability has helped them to dominate the market.
In future, the Australia Household Appliances Market Growth will be driven by technological advancements and an increasing emphasis on energy efficiency and sustainability. The trend towards smart homes is also likely to spur the demand for connected appliances, offering convenience and improved functionalities to consumers. The market's growth trajectory appears strong, with a continued focus on innovation and eco-friendly measures shaping its evolution.
According to Dhaval, Research Manager, 6Wresearch, the smart home segment is expected to see significant growth in the Australian household appliances market. This includes products such as smart refrigerators, air conditioners, entertainment systems, and cleaning appliances that can be controlled through mobile devices or voice assistants.
The specialty stores segment is expected to see significant growth in the Australian household appliances market. With the rise of smart homes and consumer demand for energy-efficient products, specialty stores offer a more personalized and informed shopping experience for customers looking for specific brands or product features.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Household Appliances Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Household Appliances Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Household Appliances Market - Industry Life Cycle |
3.4 Australia Household Appliances Market - Porter's Five Forces |
3.5 Australia Household Appliances Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Australia Household Appliances Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Australia Household Appliances Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Australia Household Appliances Market Trends |
6 Australia Household Appliances Market, By Types |
6.1 Australia Household Appliances Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Australia Household Appliances Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 Australia Household Appliances Market Revenues & Volume, By Refrigerator, 2021-2031F |
6.1.4 Australia Household Appliances Market Revenues & Volume, By Air Conditioner & Heater, 2021-2031F |
6.1.5 Australia Household Appliances Market Revenues & Volume, By Entertainment & Information Appliances, 2021-2031F |
6.1.6 Australia Household Appliances Market Revenues & Volume, By Washing Machine, 2021-2031F |
6.1.7 Australia Household Appliances Market Revenues & Volume, By Cleaning Appliance, 2021-2031F |
6.1.8 Australia Household Appliances Market Revenues & Volume, By Cooktop, Cooking Range, Microwave & Oven, 2021-2031F |
6.2 Australia Household Appliances Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Australia Household Appliances Market Revenues & Volume, By Supermarket & Hypermarket, 2021-2031F |
6.2.3 Australia Household Appliances Market Revenues & Volume, By Specialty Stores, 2021-2031F |
6.2.4 Australia Household Appliances Market Revenues & Volume, By e-Commerce, 2021-2031F |
6.2.5 Australia Household Appliances Market Revenues & Volume, By Others, 2021-2031F |
7 Australia Household Appliances Market Import-Export Trade Statistics |
7.1 Australia Household Appliances Market Export to Major Countries |
7.2 Australia Household Appliances Market Imports from Major Countries |
8 Australia Household Appliances Market Key Performance Indicators |
9 Australia Household Appliances Market - Opportunity Assessment |
9.1 Australia Household Appliances Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Australia Household Appliances Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Australia Household Appliances Market - Competitive Landscape |
10.1 Australia Household Appliances Market Revenue Share, By Companies, 2024 |
10.2 Australia Household Appliances Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |