Personal Goods Repair and Maintenance Market Definition

The personal goods repair and maintenance market consists of sales of personal goods repair and maintenance services and related goods by entities (organizations, sole traders and partnerships) that are engaged in repairing and maintaining personal goods such as home and garden equipment, household appliances, re-upholstery and furniture, footwear and leather goods and other personal and household goods. Personal goods are items of personal property found in a home that an individual uses on a regular basis. They include items needed by the household for maintenance and use. Personal goods include furniture, appliances, tools and other equipment used in the home. In recent years, the demand for household appliances has witnessed huge growth and there is, therefore, a high demand for their repair and maintenance services as well. Regular usage of these personal goods requires timely maintenance and repair for effective performance and operations.

The smart kitchen appliances refer to kitchen appliances connected through IoT (internet of things) technology, bluetooth, Wi-Fi, and other technologies. These smart kitchen appliances are used to make household management easier to operate and eliminate mundane tasks. For enhanced functionality and a more interactive experience, these appliances, like other smart technologies, are integrated with sensor technology, computing power, one or more actuators, and communication capabilities such as Bluetooth or Wi-Fi, advanced user interface, and artificial intelligence (AI) technologies. The main types of smart kitchen appliances include smart refrigerators, smart cookware and cooktops, smart dishwashers, smart ovens, and other appliances. Smart refrigerators refer to refrigerators, which are equipped with features such as a touchscreen interface, the option to connect to the internet through Wi-Fi, internal cameras, flexible user-controlled cooling options and other functions to interact with its features using a smartphone or tablet depending on the smart refrigerator brand. The implementation of IoT & AI functionalities has further improved the user experience. They are sold through direct and indirect sales channels and used by residential and commercial customers. The smart kitchen appliances market research report is one of a series of new reports from The Business Research Company that provides smart kitchen appliances market statistics, including smart kitchen appliances industry global market size, regional shares, competitors with a smart kitchen appliances market share, detailed smart kitchen appliances market segments, market trends and opportunities, and any further data you may need to thrive in the smart kitchen appliances industry. This smart kitchen appliances market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global smart kitchen appliances market size grew from $17.79 billion in 2022 to $21.47 billion in 2023 at a compound annual growth rate (CAGR) of 20.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The smart kitchen appliances market size is expected to grow to $43.04 billion in 2027 at a CAGR of 19.0%. The increased demand for advanced and intelligent cooking appliances is significantly contributing to the growth of the smart kitchen appliances market. The outbreak of the COVID-19 pandemic and subsequent lockdowns along with increased access to smartphones and wireless services has aided in the growth in demand for smart kitchen appliances. For instance, according to research by security.org, 32% of US households have access to smart home technology and it is expected to grow to 57% by 2025. Estimates also show that 80 million US households or 64% of the participants intend to purchase a new type of smart home device within the next year. Therefore, the increased demand for advanced and intelligent cooking appliances will contribute to the growth of the human smart kitchen appliances market. Technological advancement is a key trend gaining popularity in the smart kitchen appliances market. Key players operating in the smart kitchen appliances market are focusing on developing innovative kitchen appliances with advanced technological solutions such as machine learning to enhance their existing product portfolio and strengthen their position in the market. For instance, Bosch, a German multinational engineering and technology company, launched Bosch Series 8 accent line sensor oven, a smart Artificial Intelligence-powered oven. With the use of a machine learning system, a neural network helps recognize certain sequences from the data and makes intelligent predictions, including the time required for the baking or cooking process. In February 2022, Crompton Greaves Consumer Electricals Limited, an Indian-based manufacturer of consumer products, acquired Butterfly Gandhimathi Appliances Limited for INR 2,076 million ($27 million). The acquisition was intended to achieve the company’s target to become a pioneer in the kitchen appliances segment with a focus on keeping the cost best in class. Butterfly Gandhimathi Appliances Limited is an Indian manufacturer of kitchen appliances. Major players in the smart kitchen appliances market are Whirlpool Corporation, LG Electronics, Electrolux AB, Samsung Electronics Co. Ltd., Haier Group, AB Electrolux, BSH Home Appliances Corporation, Panasonic Corporation, Breville Group Limited, Miele & Cie. KG, Vita-Mix Corporation, GE Appliances, Xiaomi, SectorQube, and Dacor. North America was the largest region in the smart kitchen appliances market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart kitchen appliances market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the smart kitchen appliances market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The smart kitchen appliances market consists of sales of smart pressure cooker, smart air fryer, smart air fryer oven, smart toaster oven, smart induction cooker, smart dutch oven, smart food processor and smart skillet. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global smart kitchen appliances market is segmented - 1) By Product: Smart Refrigerators, Smart Cookware and Cooktops, Smart Dishwashers, Smart Ovens, Other Appliances 2) By Sales Channel: Indirect Sales Channel, Direct Sales Channel 3) By Application: Residential, Commercial

Smart homes are defined as a system that connects with the appliances in the house for automating various tasks. Smart homes offer homeowners comfort, security, energy efficiency, and convenience by allowing them to control their smart devices. They are remotely controlled through a smart home app on the smartphone or various other networked devices. The main types of smart homes are lighting control, security and access control, heating, ventilation, and air conditioning (HVAC) control, entertainment control, and other controls, smart speaker, home healthcare, smart kitchen, home appliances, and smart furniture. Lighting controls refer to a group of smart lighting systems that can control the amount, quality, and characteristics of light in a specific area. They come in behavioral and proactive software and services and are sold by direct, and indirect channels. The technologies used are wireless technology and cellular network technology that has various standards and protocols such as wireless protocols, wired protocols, and hybrid protocols. The smart homes market research report is one of a series of new reports from The Business Research Company that provides smart homes market statistics, including smart homes industry global market size, regional shares, competitors with a smart homes market share, detailed smart homes market segments, market trends and opportunities, and any further data you may need to thrive in the smart homes industry. This smart homes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global smart homes market size grew from $91.03 billion in 2022 to $110.02 billion in 2023 at a compound annual growth rate (CAGR) of 20.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The smart homes market size is expected to grow to $234.86 billion in 2027 at a CAGR of 20.9%. The growing adoption of smart devices is expected to propel the growth of the smart home market. Smart devices are defined as the objects used in everyday life, that is made intelligent through advanced computing techniques such as machine learning and artificial intelligence, that are networked to form the internet of things. These smart home devices can be interconnected and accessed through laptops, smartphones, tablets, or others. For instance, according to MediaPost, a US-based integrated publishing and conference company, 15% of households across the world are predicted to have a smart home device installed by 2023. Moreover, 69% of households in the US have at least one smart device. Therefore, the rising adoption of smart devices is driving the growth of the smart homes market. Technological advancements are shaping the smart homes market. Technological advancement is defined as a discovery of knowledge that advances technology and provides enhanced products to the customers. New technologies such as IoT are used to provide comfort and reliability to the users. For instance, in September 2020, Sunroof, an India-based provider of solar energy solutions and (Internet of Things) IoT smart energy solutions, launched zunpulse smart devices. The zunpulse is designed for safeguarding the customers and making their life more comfortable and secure. The new range of devices launched includes a smart energy monitor, smart plug, smart camera, smart security system, smart AC remote, smart energy monitor, smart video doorbell, smart LED bulbs, and, smart TV remote. In October 2021, Nice SpA, an Italy-based manufacturer of smart home, home and building, and security automation solutions, acquired Nortek Security And Control LLC for $285 million. With this acquisition, Nice SpA aims at expanding its portfolio to provide a full suite of integrated solutions for commercial, residential, government, and industrial customers that offer high-security applications and professionally installed specialized products. Nortek Security And Control LLC is a US-based developer of technology for home automation, power, control, security, access control, entertainment, artificial intelligence, and health systems for commercial and residential markets. Major players in the smart homes market are Honeywell International Inc., Siemens AG, Johnson Controls International, Schneider Electric SE, United Technologies Corporation, Amazon Inc., Apple, Google, Robert Bosch GmbH, Samsung Electronics, LG Electronics, Sony Corporation, Control4 Corporation, Comcast Corporation, Lutron Electronics Co. Inc., Legrand SA, Smart home Inc., General Electric Company, Ingersoll-Rand PLC, Delta Controls, Axis Communications, Crestron Electronics, SimpliSafe, Armorax and Canary. Asia-Pacific was the largest region in the smart homes market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in smart homes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the smart homes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The smart homes market includes revenues earned by entities by providing services such as smart speakers, smart plugs, smart bulbs, smart thermostats, smart cookers, smart refrigerators, smart showers, and smart mattresses. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global smart homes market is segmented - 1) By Product: Lighting Control, Security And Access Control, Heating, Ventilation, And Air Conditioning (HVAC) Control, Entertainment Control And Other Controls, Smart Speaker, Home Healthcare, Smart Kitchen, Home Appliances, Smart Furniture 2) By Software And Services: Behavioural, Proactive 3) By Sales Channel: Direct, Indirect 4) By Technology: Wireless Technology, Cellular Network Technology 5) By Standards And Protocols: Wireless Protocols, Wired Protocols, Hybrid Protocols

Electrical equipment produces products that generate, distribute and use electrical power. Electrical equipment's primary function is to accomplish work by converting electrical energy and controlling electrical energy, including protecting systems, property, and people. The main types of electrical equipment are electric lighting equipment, household appliances, power generation, transmission, and control equipment, batteries and wires, and cables. Home appliances are electrical machines that aid in household functions such as cooking, cleaning, and food storage. The equipment is operated through online and offline modes. The various sales channels include OEM and aftermarket that are used by B2B and B2C end users. The electrical equipment market research report is one of a series of new reports from The Business Research Company that provides electrical equipment market statistics, including electrical equipment industry global market size, regional shares, competitors with an electrical equipment market share, detailed electrical equipment market segments, market trends and opportunities, and any further data you may need to thrive in the electrical equipment industry. This electrical equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global electrical equipment market grew from $1503.21 billion in 2022 to $1630.86 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The electrical equipment market is expected to grow to $2190.31 billion in 2027 at a CAGR of 7.7%. The rapid pace of innovations in electronics technology is stimulating consistent demand for newer and faster electronic equipment. Technological development is a key to attracting both consumers and business users for either replacing or upgrading the older products with advanced versions. Digital technologies such as the internet of things (IoT) and the latest communication technologies such as 5G are expected to aid in the development of innovative electronic products. This is expected to increase the demand for electronic products which will ultimately drive the growth of the electronic equipment manufacturing market during the forecast period. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the electrical equipment manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down' and the outbreak hurt businesses throughout 2020 and into 2021. However, it is expected that the electrical equipment manufacturing market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. The increasing use of portable electronic devices such as smartphones and tablets has led to the development of USB receptacles. USB receptacles offer convenient access to charge any kind of electronic device. The use of USB receptacles also eliminates the need to carry charging adapters. For example, EATON manufactures USB receptacles that have tamper-resistant shutters and LED indicator lights and can be used to charge electronic devices such as tablets, mobile phones, cameras, and MP3 players. For instance, some of the major companies manufacturing USB receptacles include Eaton, GE, and Philips. Major companies in the electrical equipment market include Samsung Electronics Co. Ltd., Haier Smart Home Co. Ltd., Siemens AG, LG Electronics, Sumitomo Electric Industries Ltd., Panasonic Corporation, Schneider Electric SE, Qingdao Haier Co. Ltd., Daikin Industries Ltd., and Whirlpool Corp. Asia-Pacific was the largest region in the electrical equipment market in 2022. Western Europe was the second largest region in the electrical equipment market. Africa was the smallest region in the global electrical equipment market. The regions covered in the electrical equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the electrical equipment market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The electrical equipment and component market consists of sales of power converters (i.e., AC to DC and DC to AC), power supplies, surge suppressors, and other general electrical equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global electrical equipment market is segmented - 1) By Type: Electric Lighting Equipment, Household Appliances, Power Generation, Transmission And Control Equipment, Batteries, Wires And Cables 2) By End-Use: B2B, B2C 3) By Sales Channel: OEM, Aftermarket 4) By Mode: Online, Offline Subsegments Covered: General Lighting, Automotive Lighting, Back Lighting, Small Electrical Appliance, Household Cooking Appliance, Household Refrigerator And Home Freezer, Household Laundry Equipment, Other Major Household Appliance, Transformer, Electric Motor And Generator, Switchgear And Switchboard Apparatus, Relay And Industrial Controls, Secondary Batteries, Primary Batteries, Other Cables, Coaxial Cables, Fiber Optical Cable

Electronics and appliance stores are stores that sell electronics and appliances to ultimate users from fixed point-of-sale locations. The electronics and appliance stores is typically operated from locations that have provisions for floor displays and provide electrical capacity for the demonstration of the products. The main types of electronics and appliance stores are hardware suppliers, security stores, and consumer electronics stores. Consumer electronic stores refer to those stores that sell consumer electronic goods like mobile phones, TVs, and so on. The main types of stores are exclusive retailers/showrooms and inclusive retailers/dealer stores, which have ownership by retail chains and independent retailers. The electronics and appliance stores market research report is one of a series of new reports from The Business Research Company that provides electronics and appliance store market statistics, including global market size, regional shares, competitors with an electronics and appliance store market share, detailed electronics and appliance store market segments, market trends and opportunities, and any further data you may need to thrive in the electronics and appliance store industry. This electronics and appliance store market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global electronics and appliance stores market grew from $1,027.99 billion in 2022 to $1,105.73 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The electronics and appliance stores market is expected to grow to $1,420.58 billion in 2027 at a CAGR of 6.5%. Electronics and appliance stores are adopting a robust and cohesive strategy for data analytics in management. This technology is being deployed to enhance supply chain efficiency, streamline operations to engage customers, and build loyalty. Data has become critical for most retail operations. For instance, the global retail analytics market will reach $5.1 billion in 2020. With the rapid growth in retail data and the availability of technologies to analyze data, it will become easier for electronics and appliance stores to identify and meet the needs and expectations of their customers. This is expected to drive the market going forward. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the electronics and appliance store market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in the manufacture and trade of non-essential goods and an overall decline in economic activity with countries entering a state of "lock down" and the outbreak having a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the electronics and appliance stores market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Electronics stores are rapidly adopting technology to implement efficient workflow, better store management, and services. Stores now have traffic-tracking sensors, radio-frequency identification (RFID) tags, handheld scanners, and heat maps, all designed to offer a real-time snapshot of how the modern consumer is shopping. These digital technologies help with real-time stock management, inventory controls, making solid predictions, and demand forecasting. Global electronics and appliance stores including Best Buy, Conn’s, Fry’s Electronics, the retail operations of Apple, Fnac Darty (Belgium), GOME (China), Saturn brands (Germany), and Yamada Denki (Japan) have adopted a wide range of digital technologies to enhance the in-store experience. Major companies in the electronics and appliance stores market include Best Buy Co. Inc., Ceconomy AG, Dixons Carphone plc, The Home Depot, Yamada-Denki Co. Ltd., Bic Camera Inc., Fnac Darty SA, GOME Retail Holdings Limited, Gamestop Corp, and Office Depot. Asia-Pacific was the largest region in the electronics and appliance stores market in 2022. Western Europe was the second-largest region in the electronics and appliance stores market. The regions covered in the electronics and appliance stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the electronics and appliance stores market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The electronics and appliance store market includes revenues earned by entities by providing services through hardware suppliers, security stores, and consumer electronics stores. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global electronics and appliance stores market is segmented - 1) By Type: Hardware Suppliers And Security Stores, Consumer Electronics Stores 2) By Ownership: Retail Chain, Independent Retailer 3) By Type of Store: Exclusive Retailers/Showroom, Inclusive Retailers/Dealer Store

Single-family smart homes are futuristic single-family buildings equipped with advanced electronics and wireless devices. The smart home system requires a web portal or smartphone application to interact with the automated system as a user interface. The main types of products in single-family smart homes are smart lighting, entertainment, smart appliances, and others. Smart lighting is a type of lighting that is designed to save energy while also providing security and convenience. This could incorporate energy-efficient fixtures and automatic controls that adjust based on factors including occupancy or daylight availability. The different technologies include Wi-Fi, Bluetooth, GSM/GPRS, RFID, and others, and the software and services used include proactive and behavioural. These types of services are provided by large contractors and small contractors. The single-family smart homes market research report is one of a series of new reports from The Business Research Company that provides single-family smart homes market statistics, including single-family smart homes industry global market size, regional shares, competitors with a single-family smart homes market share, detailed single-family smart homes market segments, market trends and opportunities, and any further data you may need to thrive in the single-family smart homes industry. This single-family smart homes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global single-family smart homes market size will grow from $83.78 billion in 2022 to $99.14 billion in 2023 at a compound annual growth rate (CAGR) of 18.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global single-family smart homes market size is expected to grow to $191.83 billion in 2027 at a CAGR of 17.9%. The increasing number of connected homes and the growing implementation of smart home appliances, including speakers, home healthcare products, lightning systems, smart kitchens, smart furniture, and HVAC control solutions, is projected to contribute to the higher demand for the single-family smart homes market. According to the smart home statistics of 2021, 57% of homes in Britain contain a smart device, and 23% of Britain, that is 66.44 million people, have a smart item. In addition, in the UK, there are 2.22 million smart homes. Therefore, the increasing implementation of smart home appliances together with a growing number of connected homes across the globe is anticipated to boost the demand for the single-family smart home market over the forecast period. High installation costs are projected to limit the growth of the single-family smart home market. For instance, the typical cost to automate a home in the US is between $2,000 and $7,000, with most homeowners spending around $5,500 to automate their lights, door locks, and thermostats, as well as install a smart speaker, hub, and smart plugs in three rooms. Therefore, the high installation cost associated with high-cost smart appliances is expected to act as a major restraint on the growth of the single-family smart home market. Technological advancements related to the internet of things (IoT) and smart home devices are a major trend in the industry. According to a Forbes, US-based business magazine, the number of cellular IoT connections is expected to reach 3.5 billion in the year 2023. Similarly, in 2020, the number of connected IoT devices used was 11.3 billion. According to IoT Analytics, the global number of linked IoT devices will reach 27 billion by 2025. The newly launched smart speakers by Google Assistant and Amazon Alexa are shaping the growth of smart devices. For instance, in September 2021, Amazon, an American e-commerce company, launched a new home security and smart home devices including smart doorbells and smart thermostats. Therefore, technological advancement in IoT and smart home devices is expected to remain a key trend and boost the revenue for the single-family smart home market. Major players in the single-family smart homes market are Lennar Corporation, Meritage Homes Corporation, Metricon, Porter Davis, Henley, Carlisle, Elan Homes (Nortek Security & Control, LLC.), PulteGroup Inc., KB Smart Home, TRI Pointe Group. Asia-Pacific was the largest region in the single-family smart homes market in 2022. Eastern Europe is expected to be the fastest-growing region in the global single-family smart homes market during the forecast period. The regions covered in the global single-family smart homes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the single-family smart homes report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The single-family smart homes market consists of sales of smart appliances such as smart lighting, entertainment, smart appliances, and others and their related services used in single-family homes. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global single-family smart homes market is segmented - 1) By Product: Smart Lighting, Entertainment, Smart Appliances, Other Products 2) By Technology: Wi-Fi, Bluetooth, GSM/GPRS, RFID, Other Technologies 3) By Software and Service: Proactive, Behavioural

Household cooking appliance refers to electrical and non-electronic equipment which assists in food preparation in a household. The main product of household cooking appliance is electric stoves, microwave ovens, barbecues and grills, and other household cooking appliances. An electric stove or electric range is a stove with an integrated electrical heating device to cook and bake. Some modern stoves come in a unit with built-in extractor hoods. Electric stove 'burners' may be controlled by a rotary switch with a finite number of positions, each of which engages a different combination of resistances and hence a different heating power, or may have an 'infinite switch' called a simmer stat. Some may have a thermostat. The various fuel used in household cooking appliances is cooking gas and electricity. The household cooking appliances are used for household and commercial applications. The household cooking appliances market research report is one of a series of new reports from The Business Research Company that provides household cooking appliances market statistics, including household cooking appliances industry global market size, regional shares, competitors with a household cooking appliances market share, detailed household cooking appliances market segments, market trends and opportunities, and any further data you may need to thrive in the household cooking appliances industry. This household cooking appliances market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global household cooking appliance market size will grow from $126.97 billion in 2022 to $139.19 billion in 2023 at a compound annual growth rate (CAGR) of 9.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global household cooking appliance market size is expected to grow to $194.49 billion in 2027 at a CAGR of 8.7%. The growing popularity of energy-efficient cooking appliances is expected to increase the demand for electric stoves. The cooking efficiency of electric stoves is high when compared to gas cooktops as the majority of the heat energy through gas cooktops is not transferred while cooking. Electric stoves are designed to consume minimum energy and provide easy temperature control. For instance, with the introduction of energy-efficient appliances, the US government is spending 56% less on energy requirements thereby reducing emissions. Limited compatibility of electric cooktops with cooking vessels is expected to act as a restraint on the market. Electric cooktops are compatible with cooking vessels made of cast iron and steel and are not compatible with those made of aluminium and copper because of their magnetic and electrical properties. Aluminium and copper require much greater frequencies to produce the heat needed to cook food. Companies in the household cooking appliance market are increasingly launching technologically advanced multi-functional ovens to cater to the rising demand for multi-functional appliances with additional benefits. These multi-functional ovens use a wide range of methods to provide customized and easy cooking. These ovens use devices to guide and instruct users in the process of cooking. Apart from these, they also come with catalytic and pyrolytic self-cleaning functions. The catalytic self-cleaning feature allows the use of special chemical installed liners to absorb grease, while the pyrolytic self-cleaning function of these ovens allows them to clean the dirt and grease using high temperatures. For instance, Electrolux’s EOY5851AAX oven uses different programs and functions to make the process of cooking easy and customized. It has the pyrolytic cleaning technology that allows self-cleaning. In February 2022, Spectrum Brands, a US-based manufacturing company acquired Tristar Products for an undisclosed amount. Through this acquisition, Spectrum Brands expand its portfolio in cookware and kitchen appliances. Tristar Products is a US-based company operating in household cooking appliances. Major players in the household cooking appliances market are LG Electronics Inc., Electrolux AB, Panasonic, Haier Group, Whirlpool Corporation, SMEG, Kenmore, Samsung Electronics, Galanz Enterprise Group, and Philips. Asia-Pacific was the largest region in the household cooking appliances market in 2022. Western Europe was the second-largest region in the global household cooking appliance market. The regions covered in the global household cooking appliance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the household cooking appliances market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The household cooking appliances market consists of sales of cookers, steamers, gas cooktops, stone stoves, metal stoves, ceramic stoves, convection microwave ovens, grill microwave ovens, solo microwave ovens, charcoal barbecues grills, gas barbecues grills, electric barbecues grills, thermal ovens, and other household cooking appliances. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global household cooking appliance market is segmented - 1) By Product: Electric Stoves, Microwave Ovens, Barbecues and Grills, Others - Household Cooking Appliance 2) By Application: Household, Commercial 3) By Fuel Type: Cooking Gas, Electricity

Homeware refers to products that aids in home renovation and are used for indoor home furnishings and layouts. Homewares including interiors play an important role in enhancing the look and feel of the home. The main types of products in homeware are home decoration, furniture, soft furnishings, kitchenware, home appliances, lighting, storage and flooring, bathroom accessories and cleaning, tableware and hardware tools, others. Soft furnishings are fabrics or textiles employed in the home. It includes linens, such as bath and dish towels, table linens, shower curtains, bathroom ensembles, sheets, pillowcases, mattresses, blankets, comforters, rugs and carpeting, draperies, curtains, and upholstery textiles. The products are distributed through homeware stores, franchised stores, departmental stores, online stores, specialty stores and are used for residential and commercial purposes. The homeware research report is one of a series of new reports from The Business Research Company that provides homeware statistics, including homeware industry global market size, regional shares, competitors with homeware share, detailed homeware segments, market trends and opportunities, and any further data you may need to thrive in the homeware industry. This homeware research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global homeware market size grew from $125.19 billion in 2022 to $128.64 billion in 2023 at a compound annual growth rate (CAGR) of 2.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The homeware market size is expected to grow to $143.75 billion in 2027 at a CAGR of 2.8%. Increasing customer spending on home interior designing and household furnishing is expected to drive the growth of the homeware market going forward. Customers desire customized homes with good interior and household furnishings, and the COVID pandemic has increased home renovation and decoration spending even more. As a result of the COVID-19 pandemic, millions of customers are buying new homes and improving their existing ones, and the retail home furnishings category has witnessed a significant boost in both site traffic and spending. For instance, according to Comscore, a US-based media company, retail home furnishings sites saw record high visiting levels in 2020, with a peak of 133 million U.S. unique visitors. Furthermore, as customers spent more time at home and home expenditures became front of mind, online spending on furniture, appliances, and equipment surged to $12.1 billion in Q2 2020, the highest quarter ever. Thus, the growing consumer spending in home interior and furnishing will further contribute to the growth of the homeware market. The usage of social media platforms by homeware product manufacturers has emerged as a key trend in the homeware market. Homeware companies are using social media marketing to build a strong network of brand enthusiasts. Rather than limiting themselves to interior design-focused innovators, businesses are collaborating with a diverse spectrum of social media influencers. For instance, in 2020, Made.com, a UK-based online designer and retailer of homeware and furniture, collaborated with Maéwo, a fashion and lifestyle influencer, to promote their products, and the posts generated more than 5x the average Engagement rate of other Made.com sponsored content. They also launched a social media campaign with the hashtag #madedesign, urging supporters to submit photos of their homes with Made.com products. In June 2021, Ultimate Products, a UK-based consumer goods provider acquired Salter for a deal amount of £34 million ($40.6 million). With this acquisition, Ultimate Products planned to expand Salter's international sales. It will also allow Ultimate Products to diversify and balance the Salter brand portfolio. Salter is a UK-based producer of high-quality homeware brands. Major players in the homeware market are ARC International, Avon Products, Conair corporation, Ikea, International Cookware, The ONEIDA Group, Tupperware Brands Corporation, Zepter international, Lock & Lock, Walmart, Messe Frankfurt Exhibition GmbH, Carrefour SA, Herman Miller Inc., HNI Corporation, and GE Appliances. North America was the largest region in the homeware market in 2022. The regions covered in the homeware market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the homeware market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The homeware market consists of sales of curtains, bed covers¸ household equipment, cushions, tablecloths and decorative craft products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global homeware market is segmented - 1) By Product Type: Home Decoration, Furniture, Soft Furnishings, Kitchenware, Home Appliances, Lighting, Storage And Flooring, Bathroom Accessories And Cleaning, Tableware And Hardware Tools, Other Products 2) By Application: Residential, Commercial 3) By Distributional Channel: Homeware Stores, Franchised Stores, Departmental Stores, Online Stores, Speciality Stores