Market Overview:
The global household electric 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. The air-conditioning and heating segment is expected to dominate the global household electric appliances market during the forecast period, owing to the increasing demand for these products in developing countries such as China and India. The washing and drying segment is also projected to grow at a high rate due to the increase in awareness about hygiene among consumers across regions.
Product Definition:
Household electric appliances are devices that use electricity to do household tasks such as cooking, cleaning, and heating. They are important because they make household tasks easier and faster to do.
Air-con and Heater:
Air-con and heater are the two major components of an electric household appliance. The air-con industry is expected to witness significant growth over the forecast period owing to increasing demand for cooling appliances in households across the globe. Air conditioning systems have been a part of many homes, but until recently they were only used in commercial buildings, offices, and large residential areas - not in individual households.
Washing and Drying:
Washing and drying are two of the most common household activities. The energy required to perform these tasks is approximately 14,000 Kcalories per hour or 7.2 kWh per day which is around 0.48 gallons of oil equivalent or 0.0022 barrels of oil equivalent (boe).
Application Insights:
The cooking application segment led the global household electric appliances market in 2017. This is attributed to increasing demand for gas connections and cookers in developing countries, such as India, China, Bangladesh and Pakistan. In addition, growing preference for electric cookers due to their ease of use and convenience is expected to drive the product demand over the forecast period.
Households across all age groups are adopting these products owing to rising health concerns regarding personal hygiene and cleanliness along with improving living standards. The cleaning application segment is also likely to witness significant growth over the next few years owing to increased consumer awareness about maintaining a clean house environment free from germs or bacteria that may cause diseases or infections if untreated. Increasing usage of washing machines has resulted in reduced drying time requirements which have further reduced fabric consumption by 50%.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing awareness regarding energy-efficient household appliances, growing purchasing power, and rapid urbanization and industrialization. Moreover, rising number of nuclear families coupled with changing lifestyles will drive demand for household electric appliances in Asia Pacific during the forecast period.
Europe was estimated as the second-largest regional segment followed by North America in 2017 due to high standard of living coupled with high disposable income of consumers especially in developed economies including Germany, France, Italy among others are expected to boost product demand over next eight years.
Growth Factors:
- Increasing disposable income of the middle-class population in developing countries is expected to drive the demand for household electric appliances over the forecast period.
- Rapid urbanization and growing consumer awareness about energy-efficient appliances are also anticipated to boost market growth.
- The increasing trend of home automation and smart homes is projected to create new opportunities for the market players in this sector during the forecast period.
- Growing demand from emerging economies such as India, China, and Brazil is expected to propel market growth over the next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Household Electric Appliances Market Research Report
By Type
Air-con and Heater, Washing and Drying, Fridges, Large Cookers, Dishwashers
By Application
Cooking, Food Storage, Cleaning, House Maintenance
By Companies
Samsung, BSH, GE, Whirlpool, LG, Electrolux, Panasonic, Miele & Cie, Philips, IRobot, Ecovacs, Neato, Haier, Midea, Hisense
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Household Electric Appliances Market Report Segments:
The global Household Electric Appliances market is segmented on the basis of:
Types
Air-con and Heater, Washing and Drying, Fridges, Large Cookers, Dishwashers
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
Cooking, Food Storage, Cleaning, House Maintenance
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:
- Samsung
- BSH
- GE
- Whirlpool
- LG
- Electrolux
- Panasonic
- Miele & Cie
- Philips
- IRobot
- Ecovacs
- Neato
- Haier
- Midea
- Hisense
Highlights of The Household Electric 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:
- Air-con and Heater
- Washing and Drying
- Fridges
- Large Cookers
- Dishwashers
- By Application:
- Cooking
- Food Storage
- Cleaning
- House Maintenance
- 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 Household Electric 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?
Household electric appliances are any electrical equipment that is used in a household, such as a refrigerator, stovetop, washer and dryer.
Some of the key players operating in the household electric appliances market are Samsung, BSH, GE, Whirlpool, LG, Electrolux, Panasonic, Miele & Cie, Philips, IRobot, Ecovacs, Neato, Haier, Midea, Hisense.
The household electric appliances market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Household Electric 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. Household Electric Appliances Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Household Electric Appliances Market - Supply Chain
4.5. Global Household Electric Appliances Market Forecast
4.5.1. Household Electric Appliances Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Household Electric Appliances Market Size (000 Units) and Y-o-Y Growth
4.5.3. Household Electric Appliances Market Absolute $ Opportunity
5. Global Household Electric 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. Household Electric Appliances Market Size and Volume Forecast by Type
5.3.1. Air-con and Heater
5.3.2. Washing and Drying
5.3.3. Fridges
5.3.4. Large Cookers
5.3.5. Dishwashers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Household Electric 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. Household Electric Appliances Market Size and Volume Forecast by Application
6.3.1. Cooking
6.3.2. Food Storage
6.3.3. Cleaning
6.3.4. House Maintenance
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Household Electric 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. Household Electric 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 Household Electric 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. Household Electric 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 Household Electric Appliances Demand Share Forecast, 2019-2026
9. North America Household Electric 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 Household Electric 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 Household Electric Appliances Market Size and Volume Forecast by Application
9.4.1. Cooking
9.4.2. Food Storage
9.4.3. Cleaning
9.4.4. House Maintenance
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Household Electric Appliances Market Size and Volume Forecast by Type
9.7.1. Air-con and Heater
9.7.2. Washing and Drying
9.7.3. Fridges
9.7.4. Large Cookers
9.7.5. Dishwashers
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 Household Electric Appliances Demand Share Forecast, 2019-2026
10. Latin America Household Electric 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 Household Electric 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 Household Electric Appliances Market Size and Volume Forecast by Application
10.4.1. Cooking
10.4.2. Food Storage
10.4.3. Cleaning
10.4.4. House Maintenance
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Household Electric Appliances Market Size and Volume Forecast by Type
10.7.1. Air-con and Heater
10.7.2. Washing and Drying
10.7.3. Fridges
10.7.4. Large Cookers
10.7.5. Dishwashers
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 Household Electric Appliances Demand Share Forecast, 2019-2026
11. Europe Household Electric 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 Household Electric 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 Household Electric Appliances Market Size and Volume Forecast by Application
11.4.1. Cooking
11.4.2. Food Storage
11.4.3. Cleaning
11.4.4. House Maintenance
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Household Electric Appliances Market Size and Volume Forecast by Type
11.7.1. Air-con and Heate
11.7.2. Washing and Drying
11.7.3. Fridges
11.7.4. Large Cookers
11.7.5. Dishwashers
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 Household Electric Appliances Demand Share, 2019-2026
12. Asia Pacific Household Electric 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 Household Electric 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 Household Electric Appliances Market Size and Volume Forecast by Application
12.4.1. Cooking
12.4.2. Food Storage
12.4.3. Cleaning
12.4.4. House Maintenance
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Household Electric Appliances Market Size and Volume Forecast by Type
12.7.1. Air-con and Heater
12.7.2. Washing and Drying
12.7.3. Fridges
12.7.4. Large Cookers
12.7.5. Dishwashers
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 Household Electric Appliances Demand Share, 2019-2026
13. Middle East & Africa Household Electric 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 Household Electric 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 Household Electric Appliances Market Size and Volume Forecast by Application
13.4.1. Cooking
13.4.2. Food Storage
13.4.3. Cleaning
13.4.4. House Maintenance
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Household Electric Appliances Market Size and Volume Forecast by Type
13.7.1. Air-con and Heater
13.7.2. Washing and Drying
13.7.3. Fridges
13.7.4. Large Cookers
13.7.5. Dishwashers
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 Household Electric Appliances Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Household Electric Appliances Market: Market Share Analysis
14.2. Household Electric Appliances Distributors and Customers
14.3. Household Electric Appliances Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Samsung
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. GE
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Whirlpool
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. LG
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Electrolux
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. Miele & Cie
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Philips
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. IRobot
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ecovacs
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Neato
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Haier
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Midea
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Hisense
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
