Home, Kitchen and Large Appliances

Format: 2016-09-25
Format: 2016-09-25
August 29, 2016 | 65 Pages | SKU: IRTNTR10234

Outlook of the global electric dryers market

Technavio’s market analysts predict that the global electric dryers market will grow progressively and post a CAGR of approximately 4% by 2020. One of the major factors driving the market will be the growing need for energy efficient electric dryers among consumers. Consumers in the market will opt for energy efficient dryers to reduce the consumption of electricity and save money on utility bills. As electric dryers consume a significant amount of electricity, the vendors are increasingly focusing on technical developments to produce ENERGY STAR certified electric dryers, which will help consumers make the right choice while making a purchase. Also, the majority of players are focusing on introducing more efficient electric dryers to cater to the augmented demand for energy-efficient appliances. Moreover, factors such as the increasing emphasis on improving heat pump dryers as they use less energy will also help in the evolution of the market over the next four years.

One of the significant trends observed in the market is the introduction of innovative features in electric dryers, such as the use of smartphones to control appliances and wrinkle reduction technology. The use of smartphones will allow consumers to diagnose problems and communicate with the manufacturer conveniently through text alerts. The vendors will be investing in technology and innovation to come up with a mechanism within electric dryers that implements tumbling after a cycle to prevent clothes from wrinkling.

Competitive landscape and key vendors

The market appears to be highly competitive, and few major players control the level of competition. The businesses will

August 01, 2016 | 63 Pages | SKU: IRTNTR10220

Overview of the global gas dryer market

According to Technavio’s market research analysts, the global gas dryer market will witness steady growth and will post a moderate CAGR of more than 4% over the forecast period. Gas clothes dryers are being increasingly used in households to complement washing machines. The most favorable feature of gas dryers is its fast drying cycle, which is resilient to weather conditions. Gas dryers are convenient to use as most of them are equipped with moisture sensors to analyze the moisture content in the clothes, thereby, preventing clothes from being exposed to unnecessary heat. Moreover, the dryer shuts down once the clothes are dry, which not only reduces energy consumption but also retains the quality of the fabric. With various types of dryers available in the market, consumers have the option to choose the product that is best suited for them, which will lead to this market’s growth in the coming years.

One of the recent trends contributing to the growth of this market is the increasing investments in R&D and advertising by gas dryer manufacturers. The vendors are conducting R&D activities to devise methods, which help them reduce the cost of the expansion, storage, and maintenance of inventory. Also, changes in consumer preferences are compelling vendors to introduce innovative gas dryers with high energy efficiency to stay competitive in the global market. Moreover, the majority of vendors are also focusing on improving their advertising campaigns, incorporating methods such as digital marketing, to increase awareness about their offerings and promotional campaigns among

July 28, 2016 | 63 Pages | SKU: IRTNTR8636

Outlook of the global popcorn machine market

Technavio’s market research analyst predicts the global popcorn machine market to grow steadily at a CAGR of around 5% during the forecast period. The global market for popcorn machines will grow steadily due to factors like the increasing consumption of homemade popcorn and innovations in the design of popcorn machines offered by vendors. Due to a rise in the disposable income, especially in the developing economies, the adoption of popcorn machines will increase rapidly over the next few years.

The recent change in the consumer’s food habits and lifestyle will impel market growth during the forecast period. Increased awareness about the high calorie and fat content in packaged and RTE snacks and their ill effects will compel people to prepare home-cooked snacks. During the forecast period, this increase in the preference for home-cooked snacks will augment the sale of small kitchen appliances, which includes popcorn machines.

Geographical segmentation of the popcorn machine market

  • APAC
  • Europe
  • North America
  • ROW             

In this market study, analysts have estimated North America to be the largest market for popcorn machines during the forecast period. In this region, the increased awareness about dietary habits and health has prompted many consumers to prepare home-cooked meals. This increase in the preference for home-cooked food has augmented the purchase of small kitchen appliances to prepare food and snacks at home.

Competitive landscape and key vendors

In this market, the level of competition among leading companies as well as other prominent ones is intense. However, due to the increasing consumer expenditure on electric kitchen appliances, the market is

July 28, 2016 | 69 Pages | SKU: IRTNTR8618

Outlook of the global smart oven market

Technavio’s market research analyst predicts the global smart oven market to grow at an impressive CAGR of around 26% during the forecast period. The high penetration of broadband and internet connections will propel the demand for connectivity-enabled appliances. Due to recent technological innovations and the emergence of smart homes, there has been a proliferation of smart appliances that can be connected to smartphones and monitored from remote locations. This increase in the proliferation of home automation solutions will result in the populace’s augmented demand for smart ovens that have advanced features like Wi-Fi connectivity and LCD screens.

An important factor that will spur the prospects for growth in this market is the advent of the Internet-of-Things (IoT). Due to the recent increase in digitization, consumers will spend more money on the acquisition of home automation solutions. The ubiquity of wireless technology and mobile phones will result in the augmented adoption of smart home appliances that are Wi-Fi enabled. With the help of IoT, users can get real-time information about their energy usage and can save energy and money by lowering their peak period energy consumption.

Product-based segmentation of the smart oven market

  • Smart microwave ovens

In terms of geography, the smart microwave segment dominated this market and accounted for approximately 79% of the total market share in 2015. Smart microwave ovens are more suited for residential cooking purposes when compared to steam ovens, convection ovens, and wall ovens. The low cost of these ovens will result in its augmented adoption during the forecast period.

Geographical segmentation of the smart oven market

  • APAC
  • Europe
  • North

May 12, 2016 | 64 Pages | SKU: IRTNTR8411

Market outlook of the water softener market

Technavio’s research analyst predicts the global water softener market to grow steadily at a CAGR of close to 7% during the forecast period. The growing awareness about the harmful impacts of hard water is the primary growth driver of this market. It has been observed that the municipal water treatment techniques do not treat the hardness of water effectively due to infrastructural bottlenecks. Consequently, consumers in residential buildings have started opting for point-of-entry water equipment like water softeners.

The increase in technological innovations and research by vendors has led to an expansion of their respective portfolios. Developing countries have been witnessing a deterioration in water quality due to urbanization and industrialization. To tackle these growing problems, vendors in the market have started offering products like the connectivity-enabled water softeners to capitalize on the growing home automation trend. Such innovations are expected to propel the market growth over the next four years.

Geographical segmentation and analysis of the water softener market

  • APAC
  • Europe
  • North America
  • ROW

APAC accounted for close to 55% of the market share in 2015, and it is expected to grow at a CAGR of 8% during the forecast period. Increased awareness about the harmful effects of hard water on appliances, skin and hair of consumers is the primary driver for the market in APAC.  The increase in the number of local vendors in China and India is also propelling market growth in this region.

Competitive landscape and key vendors

The global water softener market is highly fragmented because of the presence of numerous small

April 19, 2016 | 54 Pages | SKU: IRTNTR8380

Outlook of the global hand blender market

Technavio’s market research analyst predicts the global hand blender market to grow steadily at a CAGR of about 7% during the forecast period. The improved functionality and performance of hand blenders are the primary growth drivers for this market. Additionally, factors such as advances in technology have resulted in the development of advanced and automated hand blenders, which in turn will foster its demand during the predicted period.

The report also anticipates that given the volume of production, the Chinese and international vendors that have production facilities in China will be in an advantageous position to manufacture and distribute hand blenders across the globe.

Geographical segmentation of the global hand blender market

  • EMEA
  • Americas
  • APAC

EMEA accounted for about 56% of the total market share in 2015 and is expected to grow at a CAGR of about 8% during the forecast period. Growing culinary interests and the rising demand for portable kitchen appliances that are easy to use will drive the hand blender market in EMEA during the forecast period.  

Competitive landscape and key vendors

The global hand blender market is characterized by the presence of well diversified international and regional vendors. However, as international players are increasing their footprint, regional vendors are finding it difficult to compete with them, especially in terms of product quality, technology, and price.

The leading vendors in the market are -

  • Braun
  • Breville
  • Cuisinart
  • Kitchen Aid
  • Philips