Market Overview:
The global electrical appliances market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in this market can be attributed to the increasing demand for energy-efficient appliances, rising disposable income, and growing urbanization. Refrigeration Appliances: The refrigeration appliances segment is projected to grow at a CAGR of 5.8% during the forecast period 2018-2030. This growth can be attributed to the increasing demand for energy-efficient refrigerators and freezers worldwide. In addition, rising awareness about food safety is also contributing to the growth of this segment. Some of the major players operating in this segment include Samsung Electronics Co., Ltd., LG Electronics Inc., Whirlpool Corporation, Panasonic Corporation, and others. Home Laundry Appliances: The home laundry appliances segment is projected to grow at a CAGR of 6% during the forecast period 2018-2030 owing to an increase in consumer spending on home appliance products across regions such as North America, Latin America, Europe Asia Pacific and Middle East & Africa (MEA). Major players operating in this market include Samsung Electronics Co., Ltd., LG Electronics Inc.
Product Definition:
An electrical appliance is a device that uses electricity to perform a task. The most common appliances in the home are those that make up the kitchen, such as the refrigerator, stove, oven and dishwasher. Other appliances include air conditioners, clothes dryers and washers, televisions and computers.
Refrigeration Appliances:
Refrigeration appliances are the electrical equipment that is used for maintaining low temperatures. Refrigeration Appliances include freezers, coolers, ice makers, and refrigerators among others. The global Refrigeration Appliance industry is expected to witness significant growth over the forecast period owing to rising demand for energy-efficient products along with increasing consumer disposable income levels in emerging economies including India and China.
Home Laundry Appliances:
Home laundry appliances are the tools that are used to wash, rinse, and dry the clothes at home. The home laundry appliances include washers, dryers, ironers and irons among others. Laundry is one of the most tedious tasks done by almost all households across the globe owing to hectic work schedules which makes it difficult for people to find time for doing their laundry. This has led companies like Whirlpool Corporation and LG Electronics Inc.
Application Insights:
The kitchen segment dominated the global electrical appliances market in 2017 and is expected to witness significant growth over the forecast period. The increasing number of working individuals has led to an increase in demand for advanced cooking equipment, including electric cooktops, ovens, and microwaves. This has resulted in a higher penetration of such devices in households across various regions.
The laundry room application segment is expected to witness considerable growth over the forecast period owing to rising consumer awareness regarding hygiene and cleanliness coupled with an increase in product demand due to rapid urbanization along with other factors such as changing lifestyles among women globally. The increasing need for washing clothes on a daily basis has led manufacturers towards developing products that are user-friendly while also ensuring high performance standards.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for more than 30% of total industry share in terms of revenue and volume. China, India, Japan, South Korea, Taiwan are some of the prominent markets that contributed to a large extent towards regional growth. Increasing disposable income levels coupled with growing population has resulted in an increased demand for electrical appliances across Asia Pacific region which is projected to drive growth over the forecast period.
North America emerged as one of the significant consumers due to increasing consumer awareness regarding energy conservation along with changing lifestyles resulting into an increase spending on household maintenance products such as refrigerators and washing machines among others applications segmentation by application type personal care home improvement air treatment food preparation etcetera). Europe was another significant consumer owing to high demand from countries such as Germany Italy Spain U-K- Sweden Finland Norway Poland Russia etcetera) where household electrification rate is above 95%.
Growth Factors:
- Increasing demand from developing countries for electrical appliances due to rising income levels and changing lifestyles.
- Rapid urbanization in these countries is also driving the demand for electrical appliances, as more people are moving into cities and adopting a modern lifestyle.
- The growth of the retail sector is providing a boost to the sales of electrical appliances, as consumers are increasingly buying these products from brick-and-mortar stores instead of online channels.
- Innovation in design and technology is resulting in new product launches that are attracting consumers, thus boosting sales growth rates for electrical appliances manufacturers/retailers/distributors etcetera .
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrical Appliances Market Research Report
By Type
Refrigeration Appliances, Home Laundry Appliances, Air Treatment Products, Food Preparation Appliances, Personal Care Appliances, Others
By Application
Kitchens, Laundry Rooms, Others
By Companies
Electrolux, BSH, Whirlpool, Midea Group, Samsung Electronics, LG Electronics, Panasonic, Haier Group, Gree Electric Appliances, Koninklijke Philips, Hitachi, Glen Dimplex Group, Godrej Group, IFB Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Electrical Appliances Market Report Segments:
The global Electrical Appliances market is segmented on the basis of:
Types
Refrigeration Appliances, Home Laundry Appliances, Air Treatment Products, Food Preparation Appliances, Personal Care Appliances, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Kitchens, Laundry Rooms, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Electrolux
- BSH
- Whirlpool
- Midea Group
- Samsung Electronics
- LG Electronics
- Panasonic
- Haier Group
- Gree Electric Appliances
- Koninklijke Philips
- Hitachi
- Glen Dimplex Group
- Godrej Group
- IFB Industries
Highlights of The Electrical Appliances Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Refrigeration Appliances
- Home Laundry Appliances
- Air Treatment Products
- Food Preparation Appliances
- Personal Care Appliances
- Others
- By Application:
- Kitchens
- Laundry Rooms
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electrical Appliances Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electrical appliances are devices that use electricity to produce a desired effect. Common electrical appliances include televisions, computers, stereos, and air conditioners.
Some of the major players in the electrical appliances market are Electrolux, BSH, Whirlpool, Midea Group, Samsung Electronics, LG Electronics, Panasonic, Haier Group, Gree Electric Appliances, Koninklijke Philips, Hitachi, Glen Dimplex Group, Godrej Group, IFB Industries.
The electrical appliances market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electrical 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. Electrical Appliances Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electrical Appliances Market - Supply Chain
4.5. Global Electrical Appliances Market Forecast
4.5.1. Electrical Appliances Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electrical Appliances Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electrical Appliances Market Absolute $ Opportunity
5. Global Electrical Appliances Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electrical Appliances Market Size and Volume Forecast by Type
5.3.1. Refrigeration Appliances
5.3.2. Home Laundry Appliances
5.3.3. Air Treatment Products
5.3.4. Food Preparation Appliances
5.3.5. Personal Care Appliances
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electrical Appliances Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electrical Appliances Market Size and Volume Forecast by Application
6.3.1. Kitchens
6.3.2. Laundry Rooms
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electrical Appliances Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electrical Appliances Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electrical Appliances Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electrical Appliances Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electrical Appliances Demand Share Forecast, 2019-2026
9. North America Electrical 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
9.2. North America Electrical Appliances Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electrical Appliances Market Size and Volume Forecast by Application
9.4.1. Kitchens
9.4.2. Laundry Rooms
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electrical Appliances Market Size and Volume Forecast by Type
9.7.1. Refrigeration Appliances
9.7.2. Home Laundry Appliances
9.7.3. Air Treatment Products
9.7.4. Food Preparation Appliances
9.7.5. Personal Care Appliances
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electrical Appliances Demand Share Forecast, 2019-2026
10. Latin America Electrical 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. Latin America Average Pricing Analysis
10.2. Latin America Electrical Appliances Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electrical Appliances Market Size and Volume Forecast by Application
10.4.1. Kitchens
10.4.2. Laundry Rooms
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electrical Appliances Market Size and Volume Forecast by Type
10.7.1. Refrigeration Appliances
10.7.2. Home Laundry Appliances
10.7.3. Air Treatment Products
10.7.4. Food Preparation Appliances
10.7.5. Personal Care Appliances
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electrical Appliances Demand Share Forecast, 2019-2026
11. Europe Electrical Appliances Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electrical Appliances Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electrical Appliances Market Size and Volume Forecast by Application
11.4.1. Kitchens
11.4.2. Laundry Rooms
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electrical Appliances Market Size and Volume Forecast by Type
11.7.1. Refrigeration Appliances
11.7.2. Home Laundry Appliances
11.7.3. Air Treatment Products
11.7.4. Food Preparation Appliances
11.7.5. Personal Care Appliances
11.7.6. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electrical Appliances Demand Share, 2019-2026
12. Asia Pacific Electrical Appliances Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electrical Appliances Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electrical Appliances Market Size and Volume Forecast by Application
12.4.1. Kitchens
12.4.2. Laundry Rooms
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electrical Appliances Market Size and Volume Forecast by Type
12.7.1. Refrigeration Appliances
12.7.2. Home Laundry Appliances
12.7.3. Air Treatment Products
12.7.4. Food Preparation Appliances
12.7.5. Personal Care Appliances
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electrical Appliances Demand Share, 2019-2026
13. Middle East & Africa Electrical Appliances Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electrical Appliances Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electrical Appliances Market Size and Volume Forecast by Application
13.4.1. Kitchens
13.4.2. Laundry Rooms
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electrical Appliances Market Size and Volume Forecast by Type
13.7.1. Refrigeration Appliances
13.7.2. Home Laundry Appliances
13.7.3. Air Treatment Products
13.7.4. Food Preparation Appliances
13.7.5. Personal Care Appliances
13.7.6. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electrical Appliances Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electrical Appliances Market: Market Share Analysis
14.2. Electrical Appliances Distributors and Customers
14.3. Electrical Appliances Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Electrolux
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BSH
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Whirlpool
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Midea Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Samsung Electronics
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. LG Electronics
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Panasonic
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Haier Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Gree Electric Appliances
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Koninklijke Philips
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hitachi
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Glen Dimplex Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Godrej Group
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. IFB Industries
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook