Product Code: ETC261750 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Vietnam Electrical Appliances market currently, in 2023, has witnessed an HHI of 8690, Which has increased slightly as compared to the HHI of 6263 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The electrical appliances market in Vietnam encompasses a wide range of household and commercial electrical devices and appliances, such as refrigerators, washing machines, and air conditioners. Electrical appliances simplify daily routines and enhance convenience. This market supports the electrical and electronics industry, contributing to modern living and business operations in Vietnam.
The growth of the Vietnam electrical appliances market is propelled by consumer demand for modern and efficient household appliances, the urbanization of residential areas, and the rising middle-class population. Electrical appliances encompass a wide range of products, including refrigerators, washing machines, air conditioners, and kitchen appliances. The market benefits from changing lifestyles, increased disposable income, and the desire for convenience and energy savings. Manufacturers introduce innovative and feature-rich appliances to meet consumer needs, supporting the market`s growth.
The Vietnam electrical appliances market confronts challenges related to competition, energy efficiency demands, and technological advancements. Electrical appliances are integral to modern living, and consumers and businesses seek energy-efficient and technologically advanced products. Manufacturers must invest in research and development to create energy-efficient electrical appliances that meet the changing demands of consumers and businesses while staying at the forefront of technological advancements.
The Vietnam electrical appliances market experienced changes during the COVID-19 pandemic, primarily related to shifts in consumer lifestyle and home needs. With more people working and studying from home, there was a surge in demand for various electrical appliances, including kitchen appliances and home office equipment. Manufacturers adapted by offering innovative and energy-efficient appliances to cater to changing preferences. Online sales channels gained prominence as consumers sought convenient and safe shopping options. Despite challenges posed by the pandemic, the market remained dynamic and played a vital role in enhancing home comfort and productivity.
Key players in the Vietnam electrical appliances market encompass both domestic manufacturers and international brands specializing in a wide range of electrical appliances. Domestic manufacturers like Dien Quang Lamp Joint Stock Company produce electrical appliances, including lighting products and small appliances, to meet the demands of consumers in Vietnam. Furthermore, international electrical appliance brands such as Philips and Panasonic offer a diverse portfolio of electrical appliances in the Vietnamese market, catering to various household and consumer needs.
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 Vietnam Electrical Appliances Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Electrical Appliances Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Electrical Appliances Market - Industry Life Cycle |
3.4 Vietnam Electrical Appliances Market - Porter's Five Forces |
3.5 Vietnam Electrical Appliances Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Vietnam Electrical Appliances Market Revenues & Volume Share, By End-User, 2021 & 2031F |
3.7 Vietnam Electrical Appliances Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Vietnam Electrical Appliances Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Electrical Appliances Market Trends |
6 Vietnam Electrical Appliances Market, By Types |
6.1 Vietnam Electrical Appliances Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Electrical Appliances Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Vietnam Electrical Appliances Market Revenues & Volume, By Audio & Video Equipment, 2021-2031F |
6.1.4 Vietnam Electrical Appliances Market Revenues & Volume, By Large Electronics Appliances, 2021-2031F |
6.1.5 Vietnam Electrical Appliances Market Revenues & Volume, By Small Electronics Appliances, 2021-2031F |
6.1.6 Vietnam Electrical Appliances Market Revenues & Volume, By Personal Care Products, 2021-2031F |
6.1.7 Vietnam Electrical Appliances Market Revenues & Volume, By Operation, 2021-2031F |
6.1.8 Vietnam Electrical Appliances Market Revenues & Volume, By Semi-automatic, 2021-2031F |
6.2 Vietnam Electrical Appliances Market, By End-User |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Electrical Appliances Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Vietnam Electrical Appliances Market Revenues & Volume, By Commercial, 2021-2031F |
6.3 Vietnam Electrical Appliances Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Electrical Appliances Market Revenues & Volume, By Online, 2021-2031F |
6.3.3 Vietnam Electrical Appliances Market Revenues & Volume, By Offline, 2021-2031F |
7 Vietnam Electrical Appliances Market Import-Export Trade Statistics |
7.1 Vietnam Electrical Appliances Market Export to Major Countries |
7.2 Vietnam Electrical Appliances Market Imports from Major Countries |
8 Vietnam Electrical Appliances Market Key Performance Indicators |
9 Vietnam Electrical Appliances Market - Opportunity Assessment |
9.1 Vietnam Electrical Appliances Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Vietnam Electrical Appliances Market Opportunity Assessment, By End-User, 2021 & 2031F |
9.3 Vietnam Electrical Appliances Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Vietnam Electrical Appliances Market - Competitive Landscape |
10.1 Vietnam Electrical Appliances Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Electrical Appliances Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |