Household Appliances Global Market Report 2022 – By Type (Small Electrical Appliance, Household Cooking Appliance, Household Refrigerator And Home Freezer, Household Laundry Equipment, Other Major Household Appliance), By Application (Cooking, Cleaning), By Mode (Online, Offline) – Market Size, Trends, And Global Forecast 2022-2026
What is the definition of the household appliances market?
The household appliance market consists of sales of household appliances by entities (organizations, sole traders and partnerships) that produce small electric appliances, electric housewares, and major household appliances.
How will the household appliances market drivers and restraints affect household appliances market dynamics? What forces will shape the household appliances
The household appliances market growth is aided by the rising trend of outdoor parties and cookouts on weekends and holidays. However, some household appliances market restraints include the increasing demand for online on demand laundry services.
What is the forecast market size of the household appliances market?
The household appliances market is expected to reach $818.87 billion in 2026 at a rate of 10.1%.
How is the household appliances segmented?
The global household appliances market is segmented -
1) By Type: Small Electrical Appliance, Household Cooking Appliance, Household Refrigerator and Home Freezer, Household Laundry Equipment, Other Major Household Appliances 2) By Application: Cooking, Cleaning, Others 3) By Mode: Online, Offline Subsegments Covered: Household Type Fans, Household Type Vacuum Cleaners, Other Household Type Small Electric Appliances, Electric Stoves, Microwave Ovens, Barbecues and Grills, Other Household Cooking Appliances, Refrigerators, Freezers, Ice Boxes, Refrigerator/Freezer Combinations, Washing Machines, Ironers, Dryers, Other Household Laundry Equipment, Dishwashers, Waste Disposable Units, Water Heaters, All Other Major Household Appliances
Which region has largest share, and what is the market size and growth by geography according to the household appliances global market report?
For more detail on this, request a sample here.
Who are the key players of the household appliances market?
Top competitors in the household appliances market are Samsung Electronics Co. Ltd., Haier Smart Home Co. Ltd., LG Electronics, Qingdao Haier Co. Ltd., Daikin Industries Ltd, Whirlpool Corp, Midea Group co ltd, Robert Bosch GmbH, Apple and Electrolux AB.
What are the key trends in the household appliances market?
Major trends influencing the household appliances market include the embedding of LED lights in household appliances to minimize power consumption. LED lights require lesser wattage as compared to CFL or incandescent light bulbs. Household appliance manufacturers are more focused on introducing products with LED lighting for minimal power consumption and improved visual appearance. For instance, GE’s LED refrigerator lighting systems minimizes power consumption by 80% compared to halogen lamps. The company has introduced products such as café’s French door refrigerators and profile wall ovens with this lighting.
What are the major opportunities in the household appliances market and the approaches companies can take to take advantage of them?
For detail on the future and current opportunities in the global household appliances market, request a sample here. request a sample here
How does the household appliances market relate to the overall economy and other similar markets?
For this and further detailed insights on the market, request a sample here.