Market Overview:
The global electric household appliances market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient and advanced appliances, rising disposable income, and growing urbanization. In terms of type, the refrigerators & freezers segment is expected to lead the market during the forecast period, followed by washers & dryers and dishwashers segments. In terms of application, residential applications are expected to dominate the market during the forecast period followed by industrial applications.
Product Definition:
Electric household appliances are devices that use electricity to perform specific tasks in the home, such as cooking, cleaning and cooling. These appliances are important because they make tasks like these easier and faster for people to do. They also can help save money on energy costs.
Refrigerators & Freezers:
Refrigerators and freezers are used to store food and beverages at a temperature below the normal freezing point of water. They are majorly used for storage of fresh food items such as meat, fish, poultry, fruits & vegetables along with dairy products. The refrigeration process is done by using cooling agents which include ammonia (protein), ice (water) and heat. These devices work on different principles namely thermodynamics and thermoplastics which helps in their efficient working.
Washers & Dryers:
A washer is a device used to clean stains from clothes by agitating the water in the container in which it is placed. The mechanism of operation varies with different types of washers available in the market. Some may use centrifugal force, some may use steam, and some may use direct injection of water into the load.
Dryers are generally used to eliminate moisture from clothes so that they can be ironed easily and quickly; this eliminates wrinkles also.
Application Insights:
The residential segment accounted for the largest share of more than 60.0% in 2017. The growth can be attributed to increasing number of households, growing middle-class population, and rising disposable income owing to economic development. Moreover, government initiatives such as ¢â‚¬Å“Housing For All¢â‚¬ by Government of India is expected to boost the demand over the forecast period.
Increasing penetration of smart appliances has resulted in increased demand for connectivity across all major appliances which has further driven the growth of this market segment over recent years. Furthermore, technological advancements such as integration with smart devices through Bluetooth and Wi-Fi enables control from a remote location which drives its adoption even more widely across all major regions worldwide including North America, Europe, Asia Pacific and Latin America etcetera).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large consumer base for electric household appliances, which can be attributed to increasing per capita income of consumers and rising purchasing power. Moreover, rapid urbanization across developing countries such as China and India have led to increased demand for energy-efficient products that consume less electricity.
Europe accounted for more than 25% of the overall revenue share in 2017 owing to high product penetration across major economies including Germany, U.K., Italy, Spain among others due to early adoption by consumers coupled with government support towards reduction of carbon footprint associated with traditional heating systems used in households during cold seasons or when it snows heavily (for example: forced hot water system). Furthermore, growing awareness regarding environment protection along with stringent regulations from governments aimed at reducing greenhouse gas emissions are expected drive regional growth over the forecast period.
Growth Factors:
- Increasing disposable income of consumers: The growth in the electric household appliances market is mainly attributed to the increase in disposable income of consumers, which has led to an increase in their purchasing power.
- Urbanization and modernization: Rapid urbanization and modernization across the globe are leading to an increased demand for electric household appliances such as refrigerators, air conditioners, washing machines, and others.
- Technological advancements: The introduction of new technologies in electric household appliances is resulting in their miniaturization and energy efficiency, thereby driving their demand among consumers.
- Changing lifestyles: A growing number of nuclear families coupled with changing lifestyles is leading to an increased demand for electric household appliances such as dishwashers and microwaves ovens that save time and effort while cooking or cleaning dishes/utensils respectively. 5) Rising environmental awareness among consumers: There has been a rise in environmental awareness among consumers over the past few years, which has led them to prefer energy-efficient electric household appliances over traditional ones
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Household Appliances Market Research Report
By Type
Refrigerators & Freezers, Washers & Dryers, Dishwashers, Room Air-Conditioners, Cooking Appliances
By Application
Residential, Industrial
By Companies
AB Electrolux, General Electric, Gree Electric Appliances, Inc. of Zhuhai, Haier Corporation, Hitachi, Ltd., LG Corporation, Panasonic Corporation, Robert Bosch GmbH, Samsung Electronics Co., Ltd., Sharp Corporation, AB Electrolux, Tiger Corporation, Toshiba Corporation, V-Guard, Walton Group, Whirlpool Corporation
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Electric Household Appliances Market Report Segments:
The global Electric Household Appliances market is segmented on the basis of:
Types
Refrigerators & Freezers, Washers & Dryers, Dishwashers, Room Air-Conditioners, Cooking Appliances
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
Residential, Industrial
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:
- AB Electrolux
- General Electric
- Gree Electric Appliances, Inc. of Zhuhai
- Haier Corporation
- Hitachi, Ltd.
- LG Corporation
- Panasonic Corporation
- Robert Bosch GmbH
- Samsung Electronics Co., Ltd.
- Sharp Corporation
- AB Electrolux
- Tiger Corporation
- Toshiba Corporation
- V-Guard
- Walton Group
- Whirlpool Corporation
Highlights of The Electric Household 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:
- Refrigerators & Freezers
- Washers & Dryers
- Dishwashers
- Room Air-Conditioners
- Cooking Appliances
- By Application:
- Residential
- Industrial
- 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 Electric Household 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?
Electric household appliances are devices that use electricity to perform tasks in the home. These appliances can include ovens, refrigerators, dishwashers, dryers and microwaves.
Some of the major companies in the electric household appliances market are AB Electrolux, General Electric, Gree Electric Appliances, Inc. of Zhuhai, Haier Corporation, Hitachi, Ltd., LG Corporation, Panasonic Corporation, Robert Bosch GmbH, Samsung Electronics Co., Ltd., Sharp Corporation, AB Electrolux, Tiger Corporation, Toshiba Corporation, V-Guard, Walton Group, Whirlpool Corporation.
The electric household appliances market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Household Appliances Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Household Appliances Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Household Appliances Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Household Appliances Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Household Appliances Market Size & Forecast, 2020-2028
4.5.1 Electric Household Appliances Market Size and Y-o-Y Growth
4.5.2 Electric Household Appliances Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Refrigerators & Freezers
5.2.2 Washers & Dryers
5.2.3 Dishwashers
5.2.4 Room Air-Conditioners
5.2.5 Cooking Appliances
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Household Appliances Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Household Appliances Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Refrigerators & Freezers
9.6.2 Washers & Dryers
9.6.3 Dishwashers
9.6.4 Room Air-Conditioners
9.6.5 Cooking Appliances
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Refrigerators & Freezers
10.6.2 Washers & Dryers
10.6.3 Dishwashers
10.6.4 Room Air-Conditioners
10.6.5 Cooking Appliances
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Refrigerators & Freezers
11.6.2 Washers & Dryers
11.6.3 Dishwashers
11.6.4 Room Air-Conditioners
11.6.5 Cooking Appliances
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Refrigerators & Freezers
12.6.2 Washers & Dryers
12.6.3 Dishwashers
12.6.4 Room Air-Conditioners
12.6.5 Cooking Appliances
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Refrigerators & Freezers
13.6.2 Washers & Dryers
13.6.3 Dishwashers
13.6.4 Room Air-Conditioners
13.6.5 Cooking Appliances
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Household Appliances Market: Competitive Dashboard
14.2 Global Electric Household Appliances Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AB Electrolux
14.3.2 General Electric
14.3.3 Gree Electric Appliances, Inc. of Zhuhai
14.3.4 Haier Corporation
14.3.5 Hitachi, Ltd.
14.3.6 LG Corporation
14.3.7 Panasonic Corporation
14.3.8 Robert Bosch GmbH
14.3.9 Samsung Electronics Co., Ltd.
14.3.10 Sharp Corporation
14.3.11 AB Electrolux
14.3.12 Tiger Corporation
14.3.13 Toshiba Corporation
14.3.14 V-Guard
14.3.15 Walton Group
14.3.16 Whirlpool Corporation
