openPR Logo
Press release

Household Appliances Market to Experience Exponential Growth by 2025

04-08-2019 01:25 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Household Appliances

Household Appliances

Technological innovations in household appliances, increase in need for comfort, surge in disposable income of consumers, rapid urbanization, growth in housing sector, and rise in inclination of consumers toward eco-friendly & energy-efficient appliances are expected to drive the growth of the global household appliances market

Global Household Appliances Market by Product (Refrigerator; Air Conditioner & Heater; Entertainment & Information Appliances; Washing Machine; Cleaning Appliance, Cooktop, Cooking Range, Microwave & Oven; and Others) and Distribution Channel (Supermarket & Hypermarket, Specialty Store, E-Commerce, and Others): Global Opportunity Analysis and Industry Forecast, 2018 - 2025". The report provides in-depth analyses of the top winning strategies, drivers & opportunities, market size & estimations, key market segments, and competitive landscape. According to the report, the global home appliances market was pegged at $501.53 billion in 2017 and is expected to reach $763.45 billion by 2025, registering a CAGR of 5.4% from 2018 to 2025.

Innovations in household appliances to add new features, boost performance, and improve design coupled with rise in disposable income and increase in need for comfort among consumers drive the growth of the household appliances market. Moreover, rapid urbanization, growth of the housing sector, and change in lifestyle have supplemented the market growth. However, increase in cost of household appliances due to high import cost as well as surge in operational and manufacturing expenses hinders the market growth. On the other hand, inclination of consumers toward eco-friendly & energy-efficient appliances and proactive government initiatives for using energy-efficient appliances in various countries such as the U.S. and most of the European Union (EU) countries are anticipated to provide lucrative opportunities for the market growth.

Flat 20% Discount on All License Type (Offer Valid Till 20th April 2019)

Buy Now:

Refrigerator segment to grow the fastest through 2025

Among products, the refrigerator segment is expected to grow at the fastest CAGR of 6.4% through 2025, owing to the growing necessity to store food and perishable items, growth in women working population, and rise in household income. However, the others segment, which includes small household appliances like air purifiers, humidifiers & de-humidifiers, blenders, clothes steamers and iron, electric kettle & coffee machines among others, accounted for one-third share of the total market revenue in 2017 and would maintain its dominance throughout 2025. This is because this segment caters to consumers of all income groups and these products play an indispensable role in day-to-day activities. The report also analyzes air conditioner & heater, entertainment & information appliances, washing machine, cleaning appliance, and cooktop, cooking range, microwave & oven segments.

Specialty store segment to garner largest share, e-commerce segment to exhibit fastest growth

The specialty store segment captured 45.4% of the total market share in 2017, and is projected to maintain its lead through the study period, as brick and mortar stores enable consumers to analyze and evaluate products before purchasing them, presence of trained workforce to help in making purchase-related decisions, and lack of trust on online shopping sites. However, the e-commerce sector is expected to grow at the fastest CAGR of 6.4% during the forecast period due to rapid adoption of digital technologies, change in shopping behavior due to digitalization, availability of a wide range of products, and wide range of discounts and offers on online shopping sites.

Asia-Pacific to remain lucrative through 2025

The household appliances market in the Asia-Pacific region accounted for 41.5% of the global market revenue in 2017 and is anticipated to retain its dominance during the forecast period. It is projected to grow at the fastest CAGR of 6.3% through 2025. Emerging economies including China, India, and Vietnam are expected to register an increase in sales of household appliances, owing to high purchasing power of consumers, increase in need for enhanced comfort and lifestyle, and presence of favorable government policies to promote sales of energy-efficient appliances. The other regions analyzed in the report include North America, Europe, and LAMEA (Latin America, Middle East, and Africa).

Download Free Sample Copy of Report:

Prominent industry players

The key market players analyzed in the report include AB Electrolux, Qingdao Haier Co., Ltd. (Haier), Hitachi, Ltd., LG Electronics Inc. (LG), Midea Group Co., Ltd. (Midea), Panasonic Corporation (Panasonic), Robert Bosch GmbH, Samsung Electronics Co., Ltd., Sharp Corporation (Sharp) and Whirlpool Corporation. Product launch is a key strategy adopted by market players to gain a stronghold in the industry.

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Household Appliances Market to Experience Exponential Growth by 2025 here

News-ID: 1692948 • Views: 322

More Releases from Allied Market Research

North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ Synthetic biology is at a nascent stage and has recently

All 5 Releases

More Releases for Appliance

Canton Ohio Appliance Repair Service Fixes Any Type of Appliance
Canton, Oh – July 21, 2018 –It is a bummer when an appliance breaks. This situation is made worse when you can’t find anyone to fix the appliance. Many appliance repair companies do not have the knowledge to fix older appliances. Other companies can fix older appliances but are not affordable. Sam’s appliance repair is affordable. They understand the inconvenience of having an appliance that doesn’t
Home Appliance Industry and Market
ALBANY, New York, Oct 18, 2016: MarketResearchHub (MRH) has recently announced the addition of a new report on the Chinese market for home appliances to its vast repository. The research study, titled “Chinese Home Appliance Industry and Market, June 2016,” offers an unbiased assessment of this market by examining its past and current performance, prime trends, and growth prospects for June 2016. Request For Free Sample Report: With the continual
Ace Appliance Repair
Ace Appliance Repair, an appliance repair service in Pittsburgh, PA, recently partnered with Prospect Genius, an online marketing firm, to assist area homeowners searching for low-priced appliance repairs. Through targeted search engine optimization (SEO) tactics, ACE Appliance repair is making it easier and quicker for local homeowners to locate them when performing Internet searches for appliance repair services and other needs, such as water heater installation. Joe Sazio, owner and founder
Freescale Based Desktop Network Appliance
(Taipei, Taiwan- March 4th, 2011) Today, Lanner Electronics Inc. has marked the Freescale based MR-350 network appliance for release to the general public. Using the QorIQ series CPUs, the MR-350 has high levels of integration and savvy power mechanics to enter a wide swath of network appliance applications. The desktop unit comes with 5 RJ-45 ports, onboard dual-channel DDR3 memory and NAND Flash Memory for booting and storage. Lanner engineers
The Appliance Conductor
The Appliance Conductor Several types of appliance insulation are used on the conductors in home appliances. Some appliance conductors have no insulation at all —for instance, a terminal where it attaches to a timer or, in some instances, conductors within an enclosure such as a range console that carry current to a number of switches mounted very closely to each other. Yet even these are insulated from the cabinet-and from surrounding
Appliance Service: A Necessity
The Appliance Service Occupation: Problem Solving and Customer Relations Present time homeowners are becoming more depended on appliances to provide them with comfort and the things in life. Appliances such as automatic washers, clothes dryers, refrigerators, freezers, and dishwashers other such equipment all makes our lives easier. These appliances all need service and repairs at point in time. It is the job of the appliance repair technician to be certain that