Household Appliance Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR44899
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The household appliance market has the potential to grow by USD 89.50 billion during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 4.44%.

This household appliance market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, 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 MEA). The household appliance market report also offers information on several market vendors, including AB Electrolux, Haier Smart Home Co. Ltd., Hitachi Ltd., LG Electronics Inc., MIDEA GROUP, Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Transform SR Brands LLC, and Whirlpool Corp. among others.

What will the Household Appliance Market Size be in 2021?

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Household Appliance Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The product innovation and advancement leading to portfolio extension and product premiumization is notably driving the household appliance market growth, although factors such as fluctuations in raw material prices and operational costs may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the household appliance industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

This household appliance market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Household Appliance Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AB Electrolux
  • Haier Smart Home Co. Ltd.
  • Hitachi Ltd.
  • LG Electronics Inc.
  • MIDEA GROUP
  • Panasonic Corp.
  • Robert Bosch GmbH
  • Samsung Electronics Co. Ltd.
  • Transform SR Brands LLC
  • Whirlpool Corp.

 

This statistical study of the household appliance market encompasses successful business strategies deployed by the key vendors. The household appliance market is fragmented and the vendors are deploying growth strategies such as emphasizing on technology for innovating products to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The household appliance market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Household Appliance Market?

Household Appliance Market Share by Geography

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53% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for household appliances in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

Rising income and a high standard of living coupled with modernization will facilitate the household appliance market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Household Appliance Market?

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The household appliance market share growth by the major household appliances segment will be significant during the forecast period. Major household appliances include refrigeration and cooling appliances such as fridges, freezers, fridge freezers, and beverage coolers; large cooking appliances such as microwave ovens, convection ovens, steam ovens, ranges, cooktops, and hoods; and washing appliances such as washing machines, clothes dryers and steamers, laundry drying cabinets, and washer-dryers. They also include room comfort and water heater appliances such as air conditioning, circulating and ventilation fans, air purifiers, air humidifiers and dehumidifiers, space heaters, and water heaters and dishwashers. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the household appliance market size and actionable market insights on post COVID-19 impact on each segment.

 

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

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive household appliance market growth during the next five years
  • Precise estimation of the household appliance market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the household appliance industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of household appliance market vendors

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Household Appliance Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 4.44%

Market growth 2021-2025

USD 89.50 billion

Market structure

Fragmented

YoY growth (%)

21.36

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 53%

Key consumer countries

China, US, Japan, Germany, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AB Electrolux, Haier Smart Home Co. Ltd., Hitachi Ltd., LG Electronics Inc., MIDEA GROUP, Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Transform SR Brands LLC, and Whirlpool Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces analysis 2020 & 2025
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Major household appliances - Market size and forecast 2020-2025
    • Small household appliances - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by Distribution channel

    • Market segments
    • Comparison by Distribution channel
    • Offline - Market size and forecast 2020-2025
    • Online - Market size and forecast 2020-2025
    • Market opportunity by Distribution channel

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • AB Electrolux
      • Haier Smart Home Co. Ltd.
      • Hitachi Ltd.
      • LG Electronics Inc.
      • MIDEA GROUP
      • Panasonic Corp.
      • Robert Bosch GmbH
      • Samsung Electronics Co. Ltd.
      • Transform SR Brands LLC
      • Whirlpool Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • 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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      The household appliance market growth will increase by $21.76 billion during 2019-2024.
      The household appliance market is expected to grow at a CAGR of 0.97% during 2019-2024.
      Technavio has segmented the household appliance market by product (Major household appliances and Small household appliances) ,distribution channel (Offline and Online) , and geographic (APAC, Europe, North America, South America, and MEA).
      AB Electrolux, Haier Smart Home Co. Ltd., Hitachi Ltd., LG Electronics Inc., Midea Group Co. Ltd., Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Transform SR Brands LLC, Whirlpool Corp. are a few of the key vendors in the household appliance market.
      APAC will register the highest growth rate of 52.71% 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
      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.
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