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The Home Appliances Market Size in France is estimated to grow by USD 3.62 billion between 2022 and 2027 accelerating at a CAGR of 4.46%.
This home appliances market in France report extensively covers market segmentation by Product (major household appliances and small household appliances) and Distribution Channel (offline and online). It also includes an in-depth analysis of drivers, trends, and challenges.
The growth of the household appliances market depends on several factors, including innovation and product launches driving growth, growing disposable income accelerating market growth, and the increasing number of strategic partnerships.
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Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Product innovations have positively impacted the kitchen appliances market in France by enhancing technology, performance, features, and designs. Customers prefer appliances that can perform multiple tasks while conserving resources. Vendors are expanding their product portfolio to meet evolving customer needs and using effective marketing strategies to boost sales. Improved compressor technologies and insulation have increased demand for high-quality refrigeration units, which offer manual temperature control for specific product requirements. Rapidly evolving technology necessitates improved product quality and user-friendly designs, resulting in a trend towards multifunctional compact home automation products with simple programming platforms that reduce electricity consumption. As a result, the home appliances market in France is expected to grow during the forecast period.
Smart and connected appliances gaining traction is a major trend in the household appliances market in France. The market in France is experiencing promising growth due to consumer preference for smart appliances that simplify daily tasks. Factors such as increasing purchasing power, changing eating habits, and the popularity of modular kitchens are also influencing the market. Freezer refrigerators with heat pumps and insulating chambers keep food and drinks fresh for longer. Smart appliances are convenient and easy to use, with mobile applications that allow users to control them from anywhere in the house. These smart-connected devices reduce daily human efforts by integrating with mobile apps to record, monitor, and control temperatures. Therefore, the growing adoption of smart and connected appliances is expected to drive the growth of the kitchen appliances market in France during the forecast period.
Fluctuations in raw material prices and operational costs is a major challenge hindering the household appliances market in France. The price of home appliances is determined by various factors, including labor, raw materials, distribution, and marketing costs. Manufacturers must invest in research and development to upgrade their products with the latest technologies to remain competitive. Fluctuations in raw material prices, especially plastic, steel, and rubber, directly impact product prices and profit margins. Petroleum price fluctuations also affect transportation costs, including taxes, duties, and fuel prices, from raw materials to production sites and end-users. This will limit the growth of the kitchen appliances market in France during the forecast period.
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The market share growth by the major household appliances segment will be significant during the forecast period. The major household appliances segment is the major contributor to the household appliances market in France in 2022. Major household appliances include refrigeration appliances, large cooking appliances, washing appliances, room comfort, and water heater appliances (including air conditioning, circulating and ventilation fans, space heaters and water heaters), and dishwashers. These appliances witnessed the highest sales in France owing to the high disposable income and high urbanization.
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The major household appliances segment was valued at USD 7.16 billion in 2017 and continue to grow by 2021. Another major trend witnessed in the European market is reducing household sizes, which increases the growth potential of built-in appliances. Dishwashers and washing machines also witness increased sales in the region due to the increased product innovations and product offerings by major vendors. Consumer preference has also shifted from traditional dishwashers and washing machines to water- and energy-efficient products that ensure minimal water consumption. Such dishwashers and washing machines are predominantly used in France, which, in turn, will drive the growth of the segment during the forecast period.
In 2022, the offline segment dominated the kitchen appliances market in France. This includes specialty stores, department stores, hypermarkets, supermarkets, convenience stores, and clubhouse stores. However, offline sales have decreased due to the increasing preference for online shopping. Consumers appreciate offline stores for their ability to evaluate product quality and receive information from retailers, as well as the immediate purchase option. Department stores, in particular, are popular for their wide selection, product evaluations, and expert customer service personnel, offering a range of affordable or discounted products. These factors are driving the offline distribution channel household appliances market in France.
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the Home Appliances Market In France. One of the major vendors in the market include:
The Middleby Corp.- The company offers home appliances such as refrigerators, laundry appliances, cooking appliances, vacuum cleaners, and air conditioners.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified. Furthermore, it is also quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Home Appliances Market In France Scope |
|
Report Coverage |
Details |
Page number |
124 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.46% |
Market growth 2023-2027 |
USD 3.62 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.84 |
Regional analysis |
France |
Performing market contribution |
France at 100% |
Key countries |
France and Europe |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
AB Electrolux., Arcelik A.S., Breville USA Inc., GROUPE BRANDT, Haier Smart Home Co. Ltd., Hisense International Co. Ltd., LG Electronics Inc., MIDEA Group, Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., The Middleby Corp., Voltas Ltd., Whirlpool Corp., Hitachi Ltd., and Sharp Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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