Market Forecast By Types (Housewares, Fans), By Electric Fans Types (Ceiling Fans, Floor Fans, Wall-mounted Fans), By Electric Housewares Types (Air purifiers, Blenders, Broilers, Hair curlers, Heaters, Toothbrushes, Others) And Competitive Landscape
Product Code: ETC019437 | Publication Date: Jun 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Report Name | Pakistan Electric Housewares and Fans Market |
Forecast period | 2024-2030 |
CAGR | 6% |
Growing Sector | Household Appliances |
The Pakistan Electric Housewares and Fans Market report thoroughly covers the market by Types, Electric Fans Types, and Electric Housewares Types. The report provides an in-depth and thorough analysis of the current market trends, opportunities/high growth areas, and market drivers which will help stakeholders in formulating and aligning their market strategies according to the present and future market dynamics.
The Pakistan Electric Housewares and Fans Market is projected to witness substantial growth during the forecast period. This growth can be attributed to the increasing demand for household appliances in Pakistan, coupled with technological advancements and innovations in electric fans and housewares.
According to 6Wresearch, the Pakistan Electric Housewares and Fans Market is expected to grow at a CAGR of 6% during the forecast period. The growth of the Pakistan Electric Housewares and Fans Market is driven by several factors, including increasing urbanization and disposable income in the country. With more people moving to cities for better job opportunities and higher incomes, there is a greater demand for household appliances such as electric fans and housewares. Additionally, government initiatives for electrification have also played a crucial role in boosting the sales of these products in the market. Moreover, with growing awareness about energy conservation and sustainable living, consumers are increasingly opting for energy-efficient electric products, leading to an increase in their demand. Furthermore, with the rise in e-commerce platforms, it has become easier for consumers to access a variety of electric housewares and fans, further fueling market growth.
Despite the promising growth prospects, the Pakistan Electric Housewares and Fans Market faces challenges. These include the lack of infrastructure in certain areas of Pakistan, especially in rural regions. This makes it difficult for manufacturers to reach potential consumers and distribute their products effectively. Additionally, high import duties on electronic appliances also pose a challenge for international players trying to enter the market.
Key players in the Pakistan Electric Housewares and Fans Market include international brands like Electrolux, Whirlpool Corporation, LG Electronics, Panasonic Corporation, Samsung Electronics, and Dyson. These companies are investing heavily in R&D to create innovative and efficient products to expand their market presence. Currently, Electrolux holds the largest share in the market.
The Pakistan Standards and Quality Control Authority (PSQCA) is responsible for regulating the quality and safety standards of electric appliances in the country. The authority has implemented various regulations to ensure that all products meet the required specifications before being sold in the market. Additionally, the government has also introduced energy labelling requirements for certain household appliances, making it mandatory for manufacturers to display energy ratings on their products.
The Pakistan Electric Housewares and Fans Market is expected to continue growing in the coming years, driven by factors such as increasing urbanization, electrification, and changing lifestyles, advancements in appliance technology, and the rising trend of smart appliances. The market is expected to witness technological advancements in electric housewares and fans, leading to more innovative and efficient products. Furthermore, with the rise of smart homes and the Internet of Things (IoT), there is a growing demand for connected appliances that can be controlled remotely through smartphones or other devices. This presents an opportunity for manufacturers to tap into this emerging trend and develop products that cater to consumer needs. Moreover, as the housing industry continues to grow in Pakistan, there will be a higher demand for household appliances such as electric housewares and fans.
According to Dhaval, Research Manager, 6Wresearch, Electric Housewares hold the dominant market share due to their wide applications and convenience.
Ceiling fans are expected to hold the dominant share due to their energy efficiency and wide use in residential and commercial buildings.
Air purifiers are expected to dominate due to their increasing demand amid growing health concerns and environmental pollution.
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 Pakistan Electric Housewares and Fans Market Overview |
3.1 Pakistan Country Macro Economic Indicators |
3.2 Pakistan Electric Housewares and Fans Market Revenues & Volume, 2020 & 2030F |
3.3 Pakistan Electric Housewares and Fans Market - Industry Life Cycle |
3.4 Pakistan Electric Housewares and Fans Market - Porter's Five Forces |
3.5 Pakistan Electric Housewares and Fans Market Revenues & Volume Share, By Types, 2020 & 2030F |
3.6 Pakistan Electric Housewares and Fans Market Revenues & Volume Share, By Electric Fans Types, 2020 & 2030F |
3.7 Pakistan Electric Housewares and Fans Market Revenues & Volume Share, By Electric Housewares Types, 2020 & 2030F |
4 Pakistan Electric Housewares and Fans Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Pakistan Electric Housewares and Fans Market Trends |
6 Pakistan Electric Housewares and Fans Market, By Types |
6.1 Pakistan Electric Housewares and Fans Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Pakistan Electric Housewares and Fans Market Revenues & Volume, By Types, 2020 - 2030F |
6.1.3 Pakistan Electric Housewares and Fans Market Revenues & Volume, By Housewares, 2020 - 2030F |
6.1.4 Pakistan Electric Housewares and Fans Market Revenues & Volume, By Fans, 2020 - 2030F |
6.2 Pakistan Electric Housewares and Fans Market, By Electric Fans Types |
6.2.1 Overview and Analysis |
6.2.2 Pakistan Electric Housewares and Fans Market Revenues & Volume, By Ceiling Fans, 2020 - 2030F |
6.2.3 Pakistan Electric Housewares and Fans Market Revenues & Volume, By Floor Fans, 2020 - 2030F |
6.2.4 Pakistan Electric Housewares and Fans Market Revenues & Volume, By Wall-mounted Fans, 2020 - 2030F |
6.3 Pakistan Electric Housewares and Fans Market, By Electric Housewares Types |
6.3.1 Overview and Analysis |
6.3.2 Pakistan Electric Housewares and Fans Market Revenues & Volume, By Air purifiers, 2020 - 2030F |
6.3.3 Pakistan Electric Housewares and Fans Market Revenues & Volume, By Blenders, 2020 - 2030F |
6.3.4 Pakistan Electric Housewares and Fans Market Revenues & Volume, By Broilers, 2020 - 2030F |
6.3.5 Pakistan Electric Housewares and Fans Market Revenues & Volume, By Hair curlers, 2020 - 2030F |
6.3.6 Pakistan Electric Housewares and Fans Market Revenues & Volume, By Heaters, 2020 - 2030F |
6.3.7 Pakistan Electric Housewares and Fans Market Revenues & Volume, By Toothbrushes, 2020 - 2030F |
7 Pakistan Electric Housewares and Fans Market Import-Export Trade Statistics |
7.1 Pakistan Electric Housewares and Fans Market Export to Major Countries |
7.2 Pakistan Electric Housewares and Fans Market Imports from Major Countries |
8 Pakistan Electric Housewares and Fans Market Key Performance Indicators |
9 Pakistan Electric Housewares and Fans Market - Opportunity Assessment |
9.1 Pakistan Electric Housewares and Fans Market Opportunity Assessment, By Types, 2020 & 2030F |
9.2 Pakistan Electric Housewares and Fans Market Opportunity Assessment, By Electric Fans Types, 2020 & 2030F |
9.3 Pakistan Electric Housewares and Fans Market Opportunity Assessment, By Electric Housewares Types, 2020 & 2030F |
10 Pakistan Electric Housewares and Fans Market - Competitive Landscape |
10.1 Pakistan Electric Housewares and Fans Market Revenue Share, By Companies, 2023 |
10.2 Pakistan Electric Housewares and Fans Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |