Household appliance market is estimated to grow by USD 120.36 billion between 2022 and 2027; Evolving opportunities with Dyson Ltd. and AB Electrolux among others - Technavio

NEW YORK, March 1, 2023 /PRNewswire/ -- 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 market is fragmented, and the degree of fragmentation will accelerate during the forecast period.  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. are among some of the major market participants.

Key vendor offerings - 

• AB Electrolux: The company offers household kitchen appliances that are designed to be used for domestic applications.
• Breville USA Inc.: The company offers a smart oven air fryer pro which is designed to cook frozen products. 
• Dyson Ltd: The company offers a pure hot cool link HP02 purifying heater along with a fan which is designed to be used for cooling and heating the atmospheric air in residential space.
• Hisense International Co. Ltd.: The company offers a 22-quart electric roaster oven which is designed to roast nonveg food products like chicken and fish.
• Koc Holding AS: The company offers RQ 56 WC 452 liter cross-door refrigerator home appliance which is designed for residential purposes.

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What`s New for 2023?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial

Household appliance market 2023-2027: Scope

The household appliance market report covers the following areas:

• Household appliance market size
• Household appliance market trends
• Household appliance market industry analysis

Household appliance market 2023-2027: Segmentation Analysis 

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 
• Major household appliances
• Small household appliances

In the major household appliances, the 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. Such factors will increase segment growth during the forecast period.

• Geography  
• APAC
• Europe
• North America
• South America
• Middle East and Africa

During the forecast period, APAC is expected to contribute 50% to the development of the global market. Factors such as 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. The 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.

• Distribution Channel
• Offline
• Online

Get a glance at the market contribution of various segments including country and region wise, historic (2017 to 2021), and forecast market size (2023 to 2027) -Request the latest sample report 

Market Dynamics - Product innovation and advancement leading to portfolio extension and product premiumization have been instrumental in driving the growth of the market. This study also identifies the growing smartphone penetration and increasing Internet speed as one of the prime reasons driving the higher education testing and assessment market growth during the next few years. However, the long product lifecycle of major appliances might hamper the market growth.

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Household appliance market 2023-2027: Key Highlights

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the household appliance market between 2023 and 2027
• Precise estimation of the size of the household appliance market size and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the household appliance market industry across APAC, North America, Europe, Middle East and Africa, and South America
• 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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Related Reports

• The major home appliances market is estimated to grow at a CAGR of 4.9% between 2022 and 2027. The size of the market is forecast to increase by USD 89.95 billion. This report extensively covers market segmentation by product (refrigerators and freezers, washing and drying appliances, heating and cooling appliances, and cooking appliances), distribution channel (offline and online), and geography (APAC, Europe, North America, South America, and Middle East and Africa).
• The smart kitchen appliance market is estimated to grow at a CAGR of 13.4% between 2022 and 2027. The size of the market is forecast to increase by USD 13,293.08 million. This report extensively covers market segmentation by product (smart large cooking appliance, smart refrigerator, smart small cooking appliance, and smart dishwasher), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

Table of Contents:

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

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