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Home Appliance Market Size, Share, Growth, Trends, Industry Insights and Forecast to 2027
Published Date: May 2019
|
Report Code: QYRE-Auto-1992
Home | Market Reports |Home & Garden |Home Appliances
Global Home Appliance Market Insights Forecast to 2025

Home Appliance Market Size, Share, Growth, Trends, Industry Insights and Forecast to 2027

Code: QYRE-Auto-1992
Report
May 2019
126 Pages
QYResearch
Region: Global, Asia,
Description
Table of Content
Tables & Figures

Home Appliance Market Overview - 2021

The global Home Appliance market size is projected to reach US$ 932.4 million by 2026, from US$ 655.4 million in 2019, at a CAGR of 6.1% during 2021-2026. The increase in replacement sales in developing regions is expected to boost the home appliance market size. 

Home Appliance Market Size & Share, Industry Trends, Growth, Forecast 2027

What is Home Appliance Market?

Home appliance is electrical/mechanical machine which accomplish some household functions, such as cooking or cleaning. Home appliances can be classified into: major appliances, small appliances, and consumer electronics.

Additionally, the home appliances market size is estimated to witness substantial growth over the forecast period due to rising economic conditions and drastically changing customer lifestyles. The tendency of consumers towards eco-friendly and energy-efficient home appliances is also influencing the market growth. Product innovation, new product growth, product differentiation, and incorporation of various value-added features are also expected to accelerate consumer demand for home appliances over the next few years.

This study analyzes the market position of the Home Appliance Industry, market size, growth rate, potential trends, market factors, opportunities and challenges, risks and barriers to entry, distribution channels, distributors, and Porter's Five Forces Analysis.

Home appliance market size, share, industry analysis, growth, forecast 2027

Major home appliances spans a variety of devices comprising refrigeration appliances, home laundry appliances, dishwashing appliances, air-conditioning appliances, large and small cooking appliances.

The industry's main manufacturers are Haier, Whirlpool and Midea, which together account for 12.6% of revenues.

Home Appliance Market Scope and Segment

The home Appliance market is segmented by Type, and by Sales Channel. Players, stakeholders, and other participants in the global Home Appliance market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Sales Channel for the period 2016-2027.

The refrigerator segment is expected to hold most of the home appliance market share during the forecast period. This is because the refrigerator has become an important part of the household and is one of the first appliances to be purchased after the household income has reached an acceptable amount.

Home Appliance Market Regional Analysis

North America holds the largest home appliance market share in terms of region. The North American market for home appliances has strong product penetration and is controlled by product substitution.

Due to the growth of the European economy, the market is experiencing an increase in demand for premium built-in or integrated appliances such as ovens, integrated steam feature, versatile induction hobs, integrated hob extractors, and built-in dishwashers, among others. Furthermore, factors such as government policies for energy-efficient appliances in the U.S. and other EU countries are expected to promote the adoption of energy-efficient home appliances.

Asia-Pacific home appliances market is expected to see the highest growth during the forecast period due to an increase in household income, rapid urbanization, increase in the middle-class population, easy access to products through the expansion of retail networks, easy access to consumer finance and a shift in people's lifestyles.

Report Metric

Details

Report Name

Home Appliance Market

Market size value in 2019

655.4 Million

Revenue forecast in 2026

932.4 Million

Forecast Period 2019 to 2026 CAGR

6.1%

Base year considered

2019

Historical Data for

2020-2026

Forecast units

Value (USD)

Segments covered

Type, End-User, Offerings, and Region

Market BY Type

Refrigerators, Washing Machines, Air Conditioner, Kitchen Appliances, Others

Market BY Application/End-User

Offline Sales, Online Sales

Report coverage

Revenue & volume forecast, company share, competitive landscape, growth factors, and trends

Geographic regions covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Top Major Players in the Home Appliance Industry

  • Haier
  • Whirlpool
  • Midea
  • Panasonic
  • Arcelik
  • SAMSUNG
  • SONY
  • LG
  • BSH
  • Hisense
  • Electrolux
  • Philips
  • Gree
  • TCL
  • Changhong
  • SKYWORTH
  • Meling
  • Bosch

Home Appliance Market by Type

  • Refrigerators
  • Washing Machines
  • Air Conditioner
  • Kitchen Appliances
  • Others

Home Appliance Market by Application

  • Offline Sales
  • Online Sales

Home Appliance Market: Regional and Country-level Analysis

The Home Appliance market is analysed and market size information is provided by regions (countries).

The key regions covered in the Home Appliance market report are North America, Europe, China, Japan, South Korea and Turkey. It also covers key regions (countries), viz, the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.

The report includes a country-wise and region-wise market size for the period 2016-2027. It also includes market size and forecast by Type, and by Sales Channel segment in terms of production capacity, price and revenue for the period 2016-2027.

Competitive Landscape and Home Appliance Market Share Analysis

TABLE OF CONTENT

 

LIST OF TABLES & FIGURES

 

 

Home Appliance Market Overview - 2021

The global Home Appliance market size is projected to reach US$ 932.4 million by 2026, from US$ 655.4 million in 2019, at a CAGR of 6.1% during 2021-2026. The increase in replacement sales in developing regions is expected to boost the home appliance market size. 

Home Appliance Market Size & Share, Industry Trends, Growth, Forecast 2027

What is Home Appliance Market?

Home appliance is electrical/mechanical machine which accomplish some household functions, such as cooking or cleaning. Home appliances can be classified into: major appliances, small appliances, and consumer electronics.

Additionally, the home appliances market size is estimated to witness substantial growth over the forecast period due to rising economic conditions and drastically changing customer lifestyles. The tendency of consumers towards eco-friendly and energy-efficient home appliances is also influencing the market growth. Product innovation, new product growth, product differentiation, and incorporation of various value-added features are also expected to accelerate consumer demand for home appliances over the next few years.

This study analyzes the market position of the Home Appliance Industry, market size, growth rate, potential trends, market factors, opportunities and challenges, risks and barriers to entry, distribution channels, distributors, and Porter's Five Forces Analysis.

Home appliance market size, share, industry analysis, growth, forecast 2027

Major home appliances spans a variety of devices comprising refrigeration appliances, home laundry appliances, dishwashing appliances, air-conditioning appliances, large and small cooking appliances.

The industry's main manufacturers are Haier, Whirlpool and Midea, which together account for 12.6% of revenues.

Home Appliance Market Scope and Segment

The home Appliance market is segmented by Type, and by Sales Channel. Players, stakeholders, and other participants in the global Home Appliance market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Sales Channel for the period 2016-2027.

The refrigerator segment is expected to hold most of the home appliance market share during the forecast period. This is because the refrigerator has become an important part of the household and is one of the first appliances to be purchased after the household income has reached an acceptable amount.

Home Appliance Market Regional Analysis

North America holds the largest home appliance market share in terms of region. The North American market for home appliances has strong product penetration and is controlled by product substitution.

Due to the growth of the European economy, the market is experiencing an increase in demand for premium built-in or integrated appliances such as ovens, integrated steam feature, versatile induction hobs, integrated hob extractors, and built-in dishwashers, among others. Furthermore, factors such as government policies for energy-efficient appliances in the U.S. and other EU countries are expected to promote the adoption of energy-efficient home appliances.

Asia-Pacific home appliances market is expected to see the highest growth during the forecast period due to an increase in household income, rapid urbanization, increase in the middle-class population, easy access to products through the expansion of retail networks, easy access to consumer finance and a shift in people's lifestyles.

Report Metric

Details

Report Name

Home Appliance Market

Market size value in 2019

655.4 Million

Revenue forecast in 2026

932.4 Million

Forecast Period 2019 to 2026 CAGR

6.1%

Base year considered

2019

Historical Data for

2020-2026

Forecast units

Value (USD)

Segments covered

Type, End-User, Offerings, and Region

Market BY Type

Refrigerators, Washing Machines, Air Conditioner, Kitchen Appliances, Others

Market BY Application/End-User

Offline Sales, Online Sales

Report coverage

Revenue & volume forecast, company share, competitive landscape, growth factors, and trends

Geographic regions covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Top Major Players in the Home Appliance Industry

  • Haier
  • Whirlpool
  • Midea
  • Panasonic
  • Arcelik
  • SAMSUNG
  • SONY
  • LG
  • BSH
  • Hisense
  • Electrolux
  • Philips
  • Gree
  • TCL
  • Changhong
  • SKYWORTH
  • Meling
  • Bosch

Home Appliance Market by Type

  • Refrigerators
  • Washing Machines
  • Air Conditioner
  • Kitchen Appliances
  • Others

Home Appliance Market by Application

  • Offline Sales
  • Online Sales

Home Appliance Market: Regional and Country-level Analysis

The Home Appliance market is analysed and market size information is provided by regions (countries).

The key regions covered in the Home Appliance market report are North America, Europe, China, Japan, South Korea and Turkey. It also covers key regions (countries), viz, the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.

The report includes a country-wise and region-wise market size for the period 2016-2027. It also includes market size and forecast by Type, and by Sales Channel segment in terms of production capacity, price and revenue for the period 2016-2027.

Competitive Landscape and Home Appliance Market Share Analysis

Read More

TABLE OF CONTENT

 

Read More

LIST OF TABLES & FIGURES

 

 

Read More
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