Consumer Appliances Trends and Forecast
The future of the global consumer appliances market looks promising with opportunities in the domestic and professional markets. The global consumer appliances market is expected to reach an estimated $576.1 billion by 2030 with a CAGR of 5.1% from 2024 to 2030. The major drivers for this market are Increasing the use of little gadgets like hair dryers, toasters, and irons and rise in the use of cutting-edge kitchen equipment and an increase in purchasing power.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Consumer Appliances by Segment
The study includes a forecast for the global consumer appliances by product type, sales channel, end use industry, and region
Consumer Appliances Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Kitchen Appliances
• Small Appliances
• Washing Machine
• Air Purifiers
• Water Heaters
• Water Purifiers
• Cloth Dryers/Tumblers
• Air Conditioners
• Vacuum Cleaners
Consumer Appliances Market by Sales Channel [Shipment Analysis by Value from 2018 to 2030]:
• Offline
• Online
Consumer Appliances Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Domestic
• Professional
Consumer Appliances Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Consumer Appliances Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies consumer appliances companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the consumer appliances companies profiled in this report include-
• AB Electrolux
• Qingdao Haier
• Hitachi
• LG Electronics
• Midea
• Panasonic Corporation
• Robert Bosch
• Samsung Electronics
• Sharp Corporation
• Whirlpool Corporation
Consumer Appliances Market Insights
Lucintel forecast that kitchen appliances is expected to witness highest growth over the forecast period due to growing number of eateries, lodging facilities, and hotels.
Within this market, domestic will remain the largest segment due to growing consumer living expectations and fast-paced lives
APAC is expected to witness highest growth over the forecast.
Features of the Global Consumer Appliances Market
Market Size Estimates: Consumer appliances market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Consumer appliances market size by product type, sales channel, end use industry, and region in terms of value ($B).
Regional Analysis: Consumer appliances market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product type, sales channel, end use industry, and regions for the consumer appliances market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the consumer appliances market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the consumer appliances market size?
Answer: The global consumer appliances market is expected to reach an estimated $576.1 billion by 2030.
Q.2 What is the growth forecast for consumer appliances market?
Answer: The global consumer appliances market is expected to grow with a CAGR of 5.1% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the consumer appliances market?
Answer: The major drivers for this market are Increasing the use of little gadgets like hair dryers, toasters, and irons and rise in the use of cutting-edge kitchen equipment and an increase in purchasing power.
Q4. What are the major segments for consumer appliances market?
Answer: The future of the consumer appliances market looks promising with opportunities in the domestic and professional markets.
Q5. Who are the key consumer appliances market companies?
Answer: Some of the key consumer appliances companies are as follows:
• AB Electrolux
• Qingdao Haier
• Hitachi
• LG Electronics
• Midea
• Panasonic Corporation
• Robert Bosch
• Samsung Electronics
• Sharp Corporation
• Whirlpool Corporation
Q6. Which consumer appliances market segment will be the largest in future?
Answer:Lucintel forecast that kitchen appliances is expected to witness highest growth over the forecast period due to growing number of eateries, lodging facilities, and hotels.
Q7. In consumer appliances market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the consumer appliances market by product type (kitchen appliances, small appliances, washing machine,air purifiers, water heaters, water purifiers, cloth dryers/tumblers, air conditioners, and vacuum cleaners), sales channel (offline and online), end use industry (domestic and professional), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Consumer Appliances Market, Consumer Appliances Market Size, Consumer Appliances Market Growth, Consumer Appliances Market Analysis, Consumer Appliances Market Report, Consumer Appliances Market Share, Consumer Appliances Market Trends, Consumer Appliances Market Forecast, Consumer Appliances Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.