Home, Kitchen and Large Appliances
Overview of the global electric sharpener market
Technavio’s market research analyst predicts the global electric sharpener market to grow at a CAGR of around 5% during the forecast period. Factors such as recent product innovations, enhanced utility, and increased education expenditure are expected to foster growth in this market. Since the prospects for growth in this market are dependent on the growth of the education sector, an increase in the number of enrolments will help to augment the demand for electric sharpeners during the forecast period.
The ability of electric sharpeners to aid in specialized studies is another critical factor that will spur the prospects for market growth until 2020. The students of engineering and fine arts extensively use electric sharpeners as handheld sharpeners are not able to give a nice point and often cause breakage. These sharpeners provide extra precision in a short span of time and are therefore widely used by students of these academic disciplines.
Geographical segmentation of the electric sharpener market
In this market study, analysts have estimated the Americas to be the largest market for electric sharpeners during the forecast period. Factors such as the recent increase in business activity and consumer spending will spur the demand for electric sharpeners in this region. The market for electric sharpeners in the Americas will grow moderately at a CAGR of over 4% until 2020.
Competitive landscape and key vendors
The global electric sharpener market is slightly fragmented due to the presence of a couple of large- and medium-sized players. Since this market has low entry barriers, many new players and private label brands are constantly entering the market to take advantage of
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
Market outlook of the global dishwasher market
Technavio’s market research analyst predicts the global dishwasher market to grow steadily at a CAGR of approximately 7% during the forecast period. Due to the high cost involved in hiring manual cleaners, consumers have started automating the cleaning process in their residences. To capitalize on this trend, vendors have incorporated enhanced technological features in dishwashers to attract more consumers. For instance, some vendors have expanded their product lines to include dishwashers, which can be controlled and monitored through smartphones.
The advent of energy-efficient product variants is the key driver for the growth of this market. Since most consumers are becoming aware of the effects of appliances on the environment and are willing to invest more in energy-efficient appliances, many vendors are now introducing products that are designed for efficiency. The ability of these products to reduce the energy consumption and the carbon footprint is expected to bolster the adoption of energy-efficient dishwashers during the predicted period.
Product-based segmentation of the global dishwasher market
- Built-in dishwashers
- Freestanding dishwashers
The built-in dishwashers segment dominated the market during 2015 and is estimated to grow at a CAGR of approximately 7% during the forecast period. The consumers’ growing preference for space-saving appliances and large load capacity dishwashers is expected to drive growth in the built-in dishwasher segment during the forecast period.
Geographical segmentation and analysis of the global dishwasher market
In this market research report, analysts have estimated the EMEA region to be the largest market segment during the forecast period. This region currently dominates the market and is
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
- North America
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
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 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 -
- Kitchen Aid
Outlook of the global space heaters market
In terms of units shipped, the global space heater market is envisaged to post a steady CAGR of more than 5% by 2020. The increasing penetration of electronic devices in emerging nations is a key factor that will impel the prospects for growth in this market. The recent increase in per-capita income will augment the adoption of electric and technologically advanced products during the forecast period. Due to a rise in the number of working members of families, people are increasingly opting for electric home appliances. With the increased scope for high-priced space heaters, local players are introducing newer products to capitalize on the populace’s increasing purchasing power.
Improvements in the installer’s capabilities will be the key driver for the growth of this market. Recently, it has been observed that installers are maximizing their online presences and collaborating with vendors to capitalize on every possible means of increasing their visibility for consumers. They are also focusing on developing their online portfolios to ensure that they are visible to their potential consumers of smart space heaters. Since the procedure to install smart space heaters and wall-mounted heaters is different from that of traditional heaters, vendors are investing on training installers to improve their efficiency and provide improved services to customers. The ability of the installers to fill the knowledge gap that exists between vendors and homeowners will result in the growth of this market during the forecast period.
Geographical segmentation of the space heaters market
- North America
In terms of geography, Europe will be the largest market for space heaters during the forecast period. The
Home appliances include air conditioners, heaters, televisions, and washing machines and dryers. Kitchen appliances include coffee machines, refrigerators, stoves, and microwave ovens.
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