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Household Appliance Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2023-2027

  • Published: Nov 2022
  • Pages: 171
  • SKU: IRTNTR44899
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The household appliance market is estimated to grow at a CAGR of 5.23% between 2022 and 2027. The size of the market is forecast to increase by USD 120.36 billion. The growth of the market depends on serval factors, including product innovation and advancement leading to portfolio extension and product premiumization, increased adoption of integrated smart home technology, and a rise in the discretionary income of consumers.

This report extensively covers market segmentation by product (major household appliances and small household appliances), distribution channel (offline and online), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

 What will be the Size of the Household Appliance Market During the Forecast Period?

Household Appliance Market Size

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Parent Market Analysis

The reports categorize the global household appliance market as a part of the global household appliances market. The global household appliances market includes power and hand tools, including garden improvement tools. The parent market is categorized into two segments, namely major household appliances and small household appliances. The global household appliances market excludes televisions and other audio and video products as they are classified under consumer electronics, and personal computers are classified under the technology hardware, storage, and peripherals category. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Household Appliance Market: Key Drivers, Trends, Challenges, and Customer Landscape

Product innovation and advancement leading to portfolio extension and product premiumization are notably driving the market growth, although factors such as the long product lifecycle of major appliances may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Household Appliance Market Driver 

Product innovation and advancement leading to portfolio extension and product premiumization are notably driving the market growth. The growing innovation and advances in technology have changed the demand and preferences of customers, hence, propelling the demand for innovative products. This has compelled the vendors operating in the market to continually engage in research and development and innovation to sustain themselves in the competitive market environment.

The major product innovations introduced in the market are in terms of technology, performance, features, and design. Customers also seek appliances that are capable of performing multiple tasks with minimal resources. To meet such evolving customer needs, vendors are continuously widening their product portfolio as per the growing and varying consumer demand.

In addition, with the growing purchasing power and rising disposable income, customers are gradually increasing their spending on household appliances. This has propelled the demand for premium household appliances and led to the growth of the market. The increased demand for premium household appliances has also fueled the investments by vendors for innovating product raw materials and technologies, which have a positive impact on market growth.

Key Household Appliance Market Trend

Growing smartphone penetration and increasing Internet speed is the primary trend in the market. The increase in smartphone adoption is fueling the demand for smart home appliances, as these appliances can be controlled by using smartphones. The growing adoption of smartphones and Internet penetration encourages consumers to use smartphones to control their smart appliances. With the widespread Internet penetration all over the world, related industries that are dependent on the Internet are also experiencing massive growth. 

This increase in the number of smartphones is making it easier for customers to use smart home appliances. With improved network coverage and innovative technologies like 4G, or LTE, 5G data consumption across the world has increased. The US, Canada, Germany, Spain, the UK, South Korea, Australia, Israel, Chile, and Malaysia have the highest smartphone penetration. Thus, the increase in smartphone and Internet penetration is driving the demand for smart home appliances worldwide, fostering the growth of the market during the forecast period.

Key Household Appliance Market Challenge

The long product lifecycle of major appliances is the major challenge impeding the market growth. Household appliances such as refrigerators, air conditioners, and washing machines are made of stainless steel or hard and durable metals and are characterized by longer replacement cycles than that of old household appliances that were made of less durable materials.

Appliances that are in constant contact with water, such as refrigerators and washing machines, have associated risks of rusting and are made of stainless steel or high-grade plastic materials that make these appliances lightweight and durable. Vendors engage in in-depth R&D and develop innovative and durable materials to extend the operational life of appliances.

The long lifespan of such appliances reduces the frequency of product replacements, thereby adversely affecting the year-over-year growth of the market. The market is majorly characterized by replacement sales. Also, the low maintenance costs of household appliances further contribute to infrequent product purchases. Therefore, the factors mentioned above drive and raise the product lifespan of household appliances, thereby restricting frequent sales of household appliances.

Key Household Appliance Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Household Appliance Market Share by Geography

Global Household Appliance Market Customer Landscape

Who are the Major Household Appliance Market Vendors?                                     

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 market.

Haier Smart Home Co. Ltd. - The company offers the atom six kg five-star semi-automatic washing machine. The AC segment includes the manufacture and sales of household air conditioners and commercial air conditioners. The kitchen appliances segment includes the manufacture and sales of kitchen appliances.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • AB Electrolux
  • Breville USA Inc.
  • Dyson Ltd.
  • Glen Dimplex Group
  • Groupe SEB
  • Hamilton Beach Brands Inc.
  • Hisense International Co. Ltd. 
  • Koc Holding AS
  • LG Electronics Inc.
  • MIDEA Group Co. Ltd.
  • Miele and Cie. KG
  • MIRC Electronics Ltd.
  • Panasonic Holdings Corp.
  • Robert Bosch GmbH
  • Samsung Electronics Co. Ltd.

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; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Household Appliance Market?

The market share growth of the major household appliances segment will be significant during the forecast period. This segment is the largest contributor to the market. Major household appliances include refrigeration and cooling appliances such as fridges, freezers, among others. Appliances such as refrigerators, air conditioners, and washing machines witnessed the highest sales in APAC owing to the growing disposable income and changing lifestyle of the population coupled with rising urbanization. These factors led to an increase in awareness about these appliances among people and enabled them to spend on them. Furthermore, the growing middle-class population in APAC enabled them to purchase premium products.

Household Appliance Market Size

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The major household appliances segment was valued at USD 294.68 billion in 2017 and continued to grow until 2021. Room comfort and water heater appliances witness high demand, which is mainly propelled by the growing adoption of these products among the millennial population residing in urban areas, which characterizes the modern lifestyle. Major appliances such as refrigerators and washing machines witnessed huge demand across the globe in all regions as they became basic and necessary amenities for every household. Another major trend witnessed in the major household appliances segment is reducing household sizes, which increases the growth potential of built-in appliances.

Which are the Key Regions for the Household Appliance Market?

Household Appliance Market Share by Geography

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APAC is projected to hold a 50% share by 2023. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The market growth in APAC is majorly driven by the growing middle-class population and their rising income, which empowered their spending power on household needs and appliances. In addition, the evolving urbanization and lifestyle of the population in the region are also driving the market growth. Growing urbanization increased awareness among people about evolving appliances. This has compelled them to switch from traditional cooking, housekeeping, and home care methods to advanced household appliances for home care and other household applications. In addition, rising income and a high standard of living coupled with modernization are also further propelling the demand for premium household appliances, fostering the growth of the focused market in APAC during the forecast period.

Lockdown restrictions were lifted in 2021 as a result of extensive vaccination drives in APAC. This resulted in the resumption of operations in offline end-user facilities alongside the online segment, increasing the demand for household appliances in APAC in 2021. Such factors are expected to prompt the growth of the market in APAC during the forecast period.

Segment Overview

The 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. The market has been segmented by product, distribution channel, and region.

  • Product Outlook (USD Billion, 2017 - 2027)
    • Major household appliances
    • Small household appliances
  • Distribution Channel Outlook (USD Billion, 2017 - 2027)
    • Offline
    • Online
  • Region Outlook (USD Billion, 2017 - 2027)
    • APAC
      • China
      • India
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • North America
      • The U.S.
      • Canada
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Household Appliance Market Scope

Report Coverage

Details

Page number

171

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.23%

Market growth 2023-2027

USD 120.36 billion

Market structure

Fragmented

YoY growth (%)

4.36

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 50%

Key countries

US, China, Japan, Germany, and France

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

AB Electrolux, Breville USA Inc., Dyson Ltd., Glen Dimplex Group, Groupe SEB, Hamilton Beach Brands Inc., Hisense International Co. Ltd. , Koc Holding AS, LG Electronics Inc., MIDEA Group Co. Ltd., Miele and Cie. KG, MIRC Electronics Ltd., Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., TEKA INDUSTRIAL SA, Transform SR Brands LLC, Whirlpool Corp., Haier Smart Home Co. Ltd., and Hitachi Ltd.

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, and market condition analysis for the 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.

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What are the Key Data Covered in this Household Appliance Market Report?

  • CAGR of the market during the forecast period.
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the household appliance market size and contribution of the market in focus to the parent market.
  • Accurate predictions about upcoming trends and changes in consumer behavior.
  • Growth of the industry across APAC, Europe, North America, South America, and Middle East and Africa.
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors.
  • Comprehensive analysis of factors that will challenge the growth of household appliance market vendors.

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global household appliance market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global household appliance market 2017 - 2021 ($ billion)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
    • 4.3 Distribution channel Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Major household appliances - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Major household appliances - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Major household appliances - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Major household appliances - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Major household appliances - Year-over-year growth 2022-2027 (%)
    • 6.4 Small household appliances - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Small household appliances - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Small household appliances - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Small household appliances - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Small household appliances - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Product
      • Exhibit 42: Market opportunity by Product ($ billion)

    7 Market Segmentation by Distribution Channel

    • 7.1 Market segments
      • Exhibit 43: Chart on Distribution Channel - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Distribution Channel - Market share 2022-2027 (%)
    • 7.2 Comparison by Distribution Channel
      • Exhibit 45: Chart on Comparison by Distribution Channel
      • Exhibit 46: Data Table on Comparison by Distribution Channel
    • 7.3 Offline - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 49: Chart on Offline - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Offline - Year-over-year growth 2022-2027 (%)
    • 7.4 Online - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Online - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Chart on Online - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Online - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Distribution Channel
      • Exhibit 55: Market opportunity by Distribution Channel ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 57: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 59: Chart on Geographic comparison
      • Exhibit 60: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 61: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 62: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 63: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 64: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 81: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 82: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 83: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 France - Market size and forecast 2022-2027
      • Exhibit 97: Chart on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Data Table on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 99: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 101: Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 102: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 104: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 105: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 106: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 107: Matrix on vendor position and classification
            • 12.3 AB Electrolux
              • Exhibit 108: AB Electrolux - Overview
              • Exhibit 109: AB Electrolux - Business segments
              • Exhibit 110: AB Electrolux - Key news
              • Exhibit 111: AB Electrolux - Key offerings
              • Exhibit 112: AB Electrolux - Segment focus
            • 12.4 Breville USA Inc.
              • Exhibit 113: Breville USA Inc. - Overview
              • Exhibit 114: Breville USA Inc. - Product / Service
              • Exhibit 115: Breville USA Inc. - Key offerings
            • 12.5 Dyson Ltd.
              • Exhibit 116: Dyson Ltd. - Overview
              • Exhibit 117: Dyson Ltd. - Product / Service
              • Exhibit 118: Dyson Ltd. - Key offerings
            • 12.6 Haier Smart Home Co. Ltd.
              • Exhibit 119: Haier Smart Home Co. Ltd. - Overview
              • Exhibit 120: Haier Smart Home Co. Ltd. - Business segments
              • Exhibit 121: Haier Smart Home Co. Ltd. - Key offerings
              • Exhibit 122: Haier Smart Home Co. Ltd. - Segment focus
            • 12.7 Hamilton Beach Brands Inc.
              • Exhibit 123: Hamilton Beach Brands Inc. - Overview
              • Exhibit 124: Hamilton Beach Brands Inc. - Product / Service
              • Exhibit 125: Hamilton Beach Brands Inc. - Key news
              • Exhibit 126: Hamilton Beach Brands Inc. - Key offerings
            • 12.8 Hisense International Co. Ltd.
              • Exhibit 127: Hisense International Co. Ltd.  - Overview
              • Exhibit 128: Hisense International Co. Ltd.  - Product / Service
              • Exhibit 129: Hisense International Co. Ltd.  - Key offerings
            • 12.9 Hitachi Ltd.
              • Exhibit 130: Hitachi Ltd. - Overview
              • Exhibit 131: Hitachi Ltd. - Business segments
              • Exhibit 132: Hitachi Ltd. - Key news
              • Exhibit 133: Hitachi Ltd. - Key offerings
              • Exhibit 134: Hitachi Ltd. - Segment focus
            • 12.10 LG Electronics Inc.
              • Exhibit 135: LG Electronics Inc. - Overview
              • Exhibit 136: LG Electronics Inc. - Business segments
              • Exhibit 137: LG Electronics Inc. - Key news
              • Exhibit 138: LG Electronics Inc. - Key offerings
              • Exhibit 139: LG Electronics Inc. - Segment focus
            • 12.11 MIDEA Group Co. Ltd.
              • Exhibit 140: MIDEA Group Co. Ltd. - Overview
              • Exhibit 141: MIDEA Group Co. Ltd. - Business segments
              • Exhibit 142: MIDEA Group Co. Ltd. - Key offerings
              • Exhibit 143: MIDEA Group Co. Ltd. - Segment focus
            • 12.12 Panasonic Holdings Corp.
              • Exhibit 144: Panasonic Holdings Corp. - Overview
              • Exhibit 145: Panasonic Holdings Corp. - Business segments
              • Exhibit 146: Panasonic Holdings Corp. - Key news
              • Exhibit 147: Panasonic Holdings Corp. - Key offerings
              • Exhibit 148: Panasonic Holdings Corp. - Segment focus
            • 12.13 Robert Bosch GmbH
              • Exhibit 149: Robert Bosch GmbH - Overview
              • Exhibit 150: Robert Bosch GmbH - Business segments
              • Exhibit 151: Robert Bosch GmbH - Key news
              • Exhibit 152: Robert Bosch GmbH - Key offerings
              • Exhibit 153: Robert Bosch GmbH - Segment focus
            • 12.14 Samsung Electronics Co. Ltd.
              • Exhibit 154: Samsung Electronics Co. Ltd. - Overview
              • Exhibit 155: Samsung Electronics Co. Ltd. - Business segments
              • Exhibit 156: Samsung Electronics Co. Ltd. - Key news
              • Exhibit 157: Samsung Electronics Co. Ltd. - Key offerings
              • Exhibit 158: Samsung Electronics Co. Ltd. - Segment focus
            • 12.15 TEKA INDUSTRIAL SA
              • Exhibit 159: TEKA INDUSTRIAL SA - Overview
              • Exhibit 160: TEKA INDUSTRIAL SA - Product / Service
              • Exhibit 161: TEKA INDUSTRIAL SA - Key offerings
            • 12.16 Transform SR Brands LLC
              • Exhibit 162: Transform SR Brands LLC - Overview
              • Exhibit 163: Transform SR Brands LLC - Product / Service
              • Exhibit 164: Transform SR Brands LLC - Key offerings
            • 12.17 Whirlpool Corp.
              • Exhibit 165: Whirlpool Corp. - Overview
              • Exhibit 166: Whirlpool Corp. - Business segments
              • Exhibit 167: Whirlpool Corp. - Key offerings
              • Exhibit 168: Whirlpool Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 169: Inclusions checklist
                • Exhibit 170: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 171: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 172: Research methodology
                • Exhibit 173: Validation techniques employed for market sizing
                • Exhibit 174: Information sources
              • 13.5 List of abbreviations
                • Exhibit 175: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Household Appliance market growth will increase by $120.36 billion during 2023-2027.
              The household appliance market is expected to grow at a CAGR of 5.23% during 2023-2027.
              Technavio has segmented the household appliance market by product (Major household appliances and Small household appliances) ,distribution channel (Offline and Online) , and geography (APAC, Europe, North America, South America, and Middle East and Africa).
              AB Electrolux, Breville USA Inc., Dyson Ltd., Glen Dimplex Group, Groupe SEB, Hamilton Beach Brands Inc., Hisense International Co. Ltd. , Koc Holding AS, LG Electronics Inc., MIDEA Group Co. Ltd., Miele and Cie. KG, MIRC Electronics Ltd., Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., TEKA INDUSTRIAL SA, Transform SR Brands LLC, Whirlpool Corp., Haier Smart Home Co. Ltd., Hitachi Ltd. are a few of the key vendors in the household appliance market.
              APAC will register the highest growth rate of 50.44% among the other regions. Therefore, the household appliance market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the household appliance market growth are:
              • Product innovation and advancement leading to portfolio extension and product premiumization
              • Increased adoption of multi- and advanced products
              The household appliance market vendors should focus on grabbing business opportunities from the major household appliances segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
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