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Household Appliances Market Worldwide Analysis By Financial Overview, Research Methodologies and Forecast To 2030
The Business Research Company
The global household appliances market is expected to decline from $334.4 billion in 2019 to $325.9 billion in 2020 at a compound annual growth rate (CAGR) of -2.6%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $403 billion in 2023.
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The household appliance market consists of sales of household appliances by entities (organizations, sole traders and partnerships) that produce small electric appliances, electric housewares, and major household appliances.
Household appliance manufacturers are embedding LED lights in electronic products to minimize power consumption. LED lights require lesser wattage as compared to CFL or incandescent light bulbs due to which many kitchen designers suggest the use of LED lighting. Cooking electric appliance manufacturers are more focused on introducing products with LED lighting for minimal power consumption and improved visual appearance.
Household Appliances Market Segmentation: -
By Type
1. Small Electrical Appliance
2. Household Cooking Appliance
3. Household Refrigerator And Home Freezer
4. Household Laundry Equipment
5. Other Major Household Appliance
By Application
1. Cooking
2. Cleaning
3. Others
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Few Points From Table Of Content
1. Executive Summary
2. Household Appliances Market Characteristics
3. Household Appliances Market Size And Growth
4. Household Appliances Market Segmentation
5. Household Appliances Market Regional And Country Analysis
……
20. Household Appliances Market Competitive Landscape
21. Key Mergers And Acquisitions In The Household Appliances Market
22. Market Background: Electrical Equipment Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
The report covers the trends and market dynamics of the household appliance market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the household appliance market are Samsung Electronics; Panasonic Corporation; Whirlpool Corp; Bosch Gmbh; LG Electronics Inc
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About US:
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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