Global Household appliances market report thoroughly covers the market by product, distribution channel, and key regions including the Global, Latin America, Middle East, Europe, North America, and Africa. The global household appliances market report provides an unbiased and detailed analysis of ongoing Global household appliances 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.
Global household appliances market Synopsis
Global household appliances market is expected to register growth over the forecast period. The main growth factors that drive the Global household appliances market are a rise in per capita income, growth in the housing sector, improved living standards, emerging technological advancements, a surge in need for comfort in day-to-day household chores, change in customer lifestyle as well as an escalating number of smaller households. Moreover, consumers tend to get attracted to eco-friendly and energy-efficient appliances, which are further, expected to provide a boost to the market. In addition, factors, such as government initiatives for energy-efficient appliances across the United States and several European countries, are expected to facilitate the adoption of energy-efficient appliances in recent years. Despite all these factors, technological advances have increased prices which makes it difficult for many to afford. Also, sales are plummeting due to the current COVID-19 situation. The increased demand for household appliances led by the massive improvements made by many people in the developed and developing countries has led to an increased demand for the same, as a matter of fact, this has created pressure over the supply chains leading to almost two months waiting for products, which is, in case a materializing fact about the product market.
According to 6Wresearch, Global Household Appliances Market is anticipated to register growth during 2021-2027F. The sale of household appliances is dominated by replacement sales. The customers get inclined towards better technology, automation, and the eco-friendly nature of the product which leads to product replacement. The European market experiences growth due to low-interest rates and an economically sound situation, which is yet, another factor expected to maintain the reputation of the market as the second-highest in terms of revenue in the product market globally. Rising penetration towards the usage of innovative appliances owing to the high disposable income, especially among the middle class is proliferating the Global Household Appliances Market Share. Moreover, increasing demand for portable or semi-portable appliances is driving the growth of the home appliances market share.
The key market players in the Household Appliances Market globally are LG Electronics, Havells India Ltd., BSH Home Appliances, Midea Group, Miele & Cie, Haier Inc., Panasonic Corporation, Electrolux, Samsung, Whirlpool Corporation, Morphy Richards, Hitachi Appliances Inc., Koninlijke Philips N.V. and Bosch.
The global household appliances market is anticipated to register sound revenues in the upcoming six years on the back of an increase in the purchase of premium quality products with growing disposable income in developed and developing countries. Further, based on the countries, Latin America is estimated to gain traction owing to the growing number of working women who seek automatic and connected appliances with less manual involvement saves time and this is resulting in the purchase of the premium technically advanced appliances which are further expected to bolster the growth of the household appliances globally in the forthcoming years.
Market Analysis by Countries
North America is a mature and homogeneous market for household products with high product penetration and is expected to sustain a dominant position in the overall product market globally in the forecast period as well. Further, the Asia-Pacific household appliances market has high growth prospects owing to an increase in household income, rapid urbanization, rise in the middle-class population, easy access to goods through retail channels, easy access to consumer finance, and change in lifestyle of the population.
Key Highlights of the Report:
- Global Household Appliances Market Outlook
- Market Size of Global Household Appliances Market, 2020
- Forecast of Global Household Appliances Market, 2027
- Historical Data and Forecast of Global Household Appliances Revenues & Volume for the Period 2017 - 2027
- Global Household Appliances Market Trend Evolution
- Global Household Appliances Market Drivers and Challenges
- Global Household Appliances Price Trends
- Global Household Appliances Porter's Five Forces
- Global Household Appliances Industry Life Cycle
- Historical Data and Forecast of Global Household Appliances Market Revenues & Volume By?Product for the Period 2017 - 2027
- Historical Data and Forecast of Global Household Appliances Market Revenues & Volume By Refrigerator for the Period 2017 - 2027
- Historical Data and Forecast of Global Household Appliances Market Revenues & Volume By Air Conditioner & Heater for the Period 2017 - 2027
- Historical Data and Forecast of Global Household Appliances Market Revenues & Volume By Entertainment & Information Appliances for the Period 2017 - 2027
- Historical Data and Forecast of Global Household Appliances Market Revenues & Volume By Washing Machine for the Period 2017 - 2027
- Historical Data and Forecast of Global Household Appliances Market Revenues & Volume By Cleaning Appliance for the Period 2017 - 2027
- Historical Data and Forecast of Global Household Appliances Market Revenues & Volume By Cooktop, Cooking Range, Microwave & Oven for the Period 2017 - 2027
- Historical Data and Forecast of Global Household Appliances Market Revenues & Volume By Others for the Period 2017 - 2027
- Historical Data and Forecast of Asia Pacific Household Appliances Market Revenues & Volume By Product for the Period 2017 - 2027
- Historical Data and Forecast of Asia Pacific Household Appliances Market Revenues & Volume By Refrigerator for the Period 2017 - 2027
- Historical Data and Forecast of Asia Pacific Household Appliances Market Revenues & Volume By Air Conditioner & Heater for the Period 2017 - 2027
- Historical Data and Forecast of Asia Pacific Household Appliances Market Revenues & Volume By Entertainment & Information Appliances for the Period 2017 - 2027
- Historical Data and Forecast of Asia Pacific Household Appliances Market Revenues & Volume By Washing Machine for the Period 2017 - 2027
- Historical Data and Forecast of Asia Pacific Household Appliances Market Revenues & Volume By Cleaning Appliance for the Period 2017 - 2027
- Historical Data and Forecast of Asia Pacific Household Appliances Market Revenues & Volume By Cooktop, Cooking Range, Microwave & Oven for the Period 2017 - 2027
- Historical Data and Forecast of Asia Pacific Household Appliances Market Revenues & Volume By Others for the Period 2017 - 2027
- Historical Data and Forecast of North America Household Appliances Market Revenues & Volume By?Product for the Period 2017 - 2027
- Historical Data and Forecast of North America Household Appliances Market Revenues & Volume By Refrigerator for the Period 2017 - 2027
- Historical Data and Forecast of North America Household Appliances Market Revenues & Volume By Air Conditioner & Heater for the Period 2017 - 2027
- Historical Data and Forecast of North America Household Appliances Market Revenues & Volume By Entertainment & Information Appliances for the Period 2017 - 2027
- Historical Data and Forecast of North America Household Appliances Market Revenues & Volume By Washing Machine for the Period 2017 - 2027
- Historical Data and Forecast of North America Household Appliances Market Revenues & Volume By Cleaning Appliance for the Period 2017 - 2027
- Historical Data and Forecast of North America Household Appliances Market Revenues & Volume By Cooktop, Cooking Range, Microwave & Oven for the Period 2017 - 2027
- Historical Data and Forecast of North America Household Appliances Market Revenues & Volume By Others for the Period 2017 - 2027
- Historical Data and Forecast of Latin America Household Appliances Market Revenues & Volume By Product for the Period 2017 - 2027
- Historical Data and Forecast of Latin America Household Appliances Market Revenues & Volume By Refrigerator for the Period 2017 - 2027
- Historical Data and Forecast of Latin America Household Appliances Market Revenues & Volume By Air Conditioner & Heater for the Period 2017 - 2027
- Historical Data and Forecast of Latin America Household Appliances Market Revenues & Volume By Entertainment & Information Appliances for the Period 2017 - 2027
- Historical Data and Forecast of Latin America Household Appliances Market Revenues & Volume By Washing Machine for the Period 2017 - 2027
- Historical Data and Forecast of Latin America Household Appliances Market Revenues & Volume By Cleaning Appliance for the Period 2017 - 2027
- Historical Data and Forecast of Latin America Household Appliances Market Revenues & Volume By Cooktop, Cooking Range, Microwave & Oven for the Period 2017 - 2027
- Historical Data and Forecast of Latin America Household Appliances Market Revenues & Volume By Others for the Period 2017 - 2027
- Historical Data and Forecast of Middle East Household Appliances Market Revenues & Volume By Product for the Period 2017 - 2027
- Historical Data and Forecast of Middle East Household Appliances Market Revenues & Volume By Refrigerator for the Period 2017 - 2027
- Historical Data and Forecast of the Middle East Household Appliances Market Revenues & Volume By Air Conditioner & Heater for the Period 2017 - 2027
- Historical Data and Forecast of Middle East Household Appliances Market Revenues & Volume By Entertainment & Information Appliances for the Period 2017 - 2027
- Historical Data and Forecast of Middle East Household Appliances Market Revenues & Volume By Washing Machine for the Period 2017 - 2027
- Historical Data and Forecast of the Middle East Household Appliances Market Revenues & Volume By Cleaning Appliance for the Period 2017 - 2027
- Historical Data and Forecast of Middle East Household Appliances Market Revenues & Volume By Cooktop, Cooking Range, Microwave & Oven for the Period 2017 - 2027
- Historical Data and Forecast of Middle East Household Appliances Market Revenues & Volume By Others for the Period 2017 - 2027
- Historical Data and Forecast of Africa Household Appliances Market Revenues & Volume By Product for the Period 2017 - 2027
- Historical Data and Forecast of Africa Household Appliances Market Revenues & Volume By Refrigerator for the Period 2017 - 2027
- Historical Data and Forecast of Africa Household Appliances Market Revenues & Volume By Air Conditioner & Heater for the Period 2017 - 2027
- Historical Data and Forecast of Africa Household Appliances Market Revenues & Volume By Entertainment & Information Appliances for the Period 2017 - 2027
- Historical Data and Forecast of Africa Household Appliances Market Revenues & Volume By Washing Machine for the Period 2017 - 2027
- Historical Data and Forecast of Africa Household Appliances Market Revenues & Volume By Cleaning Appliance for the Period 2017 - 2027
- Historical Data and Forecast of Africa Household Appliances Market Revenues & Volume By Cooktop, Cooking Range, Microwave & Oven for the Period 2017 - 2027
- Historical Data and Forecast of Africa Household Appliances Market Revenues & Volume By Others for the Period 2017 - 2027
- Historical Data and Forecast of Europe Household Appliances Market Revenues & Volume By?Product for the Period 2017 - 2027
- Historical Data and Forecast of Europe Household Appliances Market Revenues & Volume By Refrigerator for the Period 2017 - 2027
- Historical Data and Forecast of Europe Household Appliances Market Revenues & Volume By Air Conditioner & Heater for the Period 2017 - 2027
- Historical Data and Forecast of Europe Household Appliances Market Revenues & Volume By Entertainment & Information Appliances for the Period 2017 - 2027
- Historical Data and Forecast of Europe Household Appliances Market Revenues & Volume By Washing Machine for the Period 2017 - 2027
- Historical Data and Forecast of Europe Household Appliances Market Revenues & Volume By Cleaning Appliance for the Period 2017 - 2027
- Historical Data and Forecast of Europe Household Appliances Market Revenues & Volume By Cooktop, Cooking Range, Microwave & Oven for the Period 2017 - 2027
- Historical Data and Forecast of Europe Household Appliances Market Revenues & Volume By Others for the Period 2017 - 2027
- Historical Data and Forecast of Global Household Appliances Market Revenues & Volume By Distribution Channel for the Period 2017 - 2027
- Historical Data and Forecast of Global Household Appliances Market Revenues & Volume By Supermarket & Hypermarket for the Period 2017 - 2027
- Historical Data and Forecast of Global Household Appliances Market Revenues & Volume By Specialty Stores for the Period 2017 - 2027
- Historical Data and Forecast of Global Household Appliances Market Revenues & Volume By e-Commerce for the Period 2017 - 2027
- Historical Data and Forecast of Global Household Appliances Market Revenues & Volume By Others for the Period 2017 - 2027
- Historical Data and Forecast of Asia Pacific Household Appliances Market Revenues & Volume By Distribution Channel for the Period 2017 - 2027
- Historical Data and Forecast of Asia Pacific Household Appliances Market Revenues & Volume By Supermarket & Hypermarket for the Period 2017 - 2027
- Historical Data and Forecast of Asia Pacific Household Appliances Market Revenues & Volume By Specialty Stores for the Period 2017 - 2027
- Historical Data and Forecast of Asia Pacific Household Appliances Market Revenues & Volume By e-Commerce for the Period 2017 - 2027
- Historical Data and Forecast of Asia Pacific Household Appliances Market Revenues & Volume By Others for the Period 2017 - 2027
- Historical Data and Forecast of North America Household Appliances Market Revenues & Volume By Distribution Channel for the Period 2017 - 2027
- Historical Data and Forecast of North America Household Appliances Market Revenues & Volume By Supermarket & Hypermarket for the Period 2017 - 2027
- Historical Data and Forecast of North America Household Appliances Market Revenues & Volume By Specialty Stores for the Period 2017 - 2027
- Historical Data and Forecast of North America Household Appliances Market Revenues & Volume By e-Commerce for the Period 2017 - 2027
- Historical Data and Forecast of North America Household Appliances Market Revenues & Volume By Others for the Period 2017 - 2027
- Historical Data and Forecast of Latin America Household Appliances Market Revenues & Volume By Distribution Channel for the Period 2017 - 2027
- Historical Data and Forecast of Latin America Household Appliances Market Revenues & Volume By Supermarket & Hypermarket for the Period 2017 - 2027
- Historical Data and Forecast of Latin America Household Appliances Market Revenues & Volume By Specialty Stores for the Period 2017 - 2027
- Historical Data and Forecast of Latin America Household Appliances Market Revenues & Volume By e-Commerce for the Period 2017 - 2027
- Historical Data and Forecast of Latin America Household Appliances Market Revenues & Volume By Others for the Period 2017 - 2027
- Historical Data and Forecast of Middle East Household Appliances Market Revenues & Volume By Distribution Channel for the Period 2017 - 2027
- Historical Data and Forecast of Middle East Household Appliances Market Revenues & Volume By Supermarket & Hypermarket for the Period 2017 - 2027
- Historical Data and Forecast of Middle East Household Appliances Market Revenues & Volume By Specialty Stores for the Period 2017 - 2027
- Historical Data and Forecast of Middle East Household Appliances Market Revenues & Volume By e-Commerce for the Period 2017 - 2027
- Historical Data and Forecast of Middle East Household Appliances Market Revenues & Volume By Others for the Period 2017 - 2027
- Historical Data and Forecast of Africa Household Appliances Market Revenues & Volume By Distribution Channel for the Period 2017 - 2027
- Historical Data and Forecast of Africa Household Appliances Market Revenues & Volume By Supermarket & Hypermarket for the Period 2017 - 2027
- Historical Data and Forecast of Africa Household Appliances Market Revenues & Volume By Specialty Stores for the Period 2017 - 2027
- Historical Data and Forecast of Africa Household Appliances Market Revenues & Volume By e-Commerce for the Period 2017 - 2027
- Historical Data and Forecast of Africa Household Appliances Market Revenues & Volume By Others for the Period 2017 - 2027
- Historical Data and Forecast of Europe Household Appliances Market Revenues & Volume By Distribution Channel for the Period 2017 - 2027
- Historical Data and Forecast of Europe Household Appliances Market Revenues & Volume By Supermarket & Hypermarket for the Period 2017 - 2027
- Historical Data and Forecast of Europe Household Appliances Market Revenues & Volume By Specialty Stores for the Period 2017 - 2027
- Historical Data and Forecast of Europe Household Appliances Market Revenues & Volume By e-Commerce for the Period 2017 - 2027
- Historical Data and Forecast of Europe Household Appliances Market Revenues & Volume By Others for the Period 2017 - 2027
- Global Household Appliances Market - Key Performance Indicators
- Global Household Appliances Market - Import Export Trade Statistics
- Global Household Appliances Market - Opportunity Assessment By Countries
- Global Household Appliances Market - Opportunity Assessment By Product
- Global Household Appliances Market - Opportunity Assessment By Distribution Channel
- Global Household Appliances Market - Top Companies Market Share
- Global Household Appliances Market - Top Companies Profiles
- Global Household Appliances Market - Comparison of Players in Technical and Operating Parameters
- Global Household Appliances Market - Strategic Recommendations