openPR Logo
Press release

Global Household Appliances Market | Global Household Appliances Industry | Global Household Appliances Market Research Report: Ken Research

03-02-2021 06:35 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research Pvt Ltd

Global Household Appliances Market | Global Household

Household appliances are devices & equipments that have been produced to augment the comfort levels of consumers and also provide comfort in household activities for instance cooking, storage, entertainment, cleaning, washing. Based on their functions & capabilities they are either fixed or mobile. They are categorized into three sub-categories: small household appliances, major household appliances or white goods, and consumer electronics. Small household appliances include semi-portable & portable machines that are usually used on platforms such as table tops and counter-tops. Some of these appliances are blenders, clothes steamers & iron, air purifiers, humidifiers & de-humidifiers, electric kettle & coffee machines, and others. Major household appliances are large home appliances, which are commonly used for regular housekeeping tasks such as food preservation, cooking, washing laundry, and others. Additionally, consumer electronic appliances include various devices used for entertainment, and home-office activities such as music system, TVs and others.

Referring to study, “Household Appliances Global Market Opportunities And Strategies To 2023” some of the key companies that are currently working in the global household appliances market are Qingdao Haier Co., Ltd. (Haier), Midea Group Co., Ltd. (Midea), Sharp Corporation (Sharp), Robert Bosch GmbH, Samsung Electronics Co., Ltd., Hitachi, Ltd., LG Electronics Inc. (LG), AB Electrolux, Panasonic Corporation (Panasonic), and Whirlpool Corporation.

Based on product type, household appliances market is segmented as entertainment & information appliances, air conditioner & heater, refrigerator, cleaning appliance, washing machine, cook top, cooking range, microwave & oven and others. Energy star rated refrigerators holds major share in global market as they are installed with efficient compressors, insulation, and defrosting features that assist to improve their energy efficiency. Thus, manufacturers invest in research & development (R&D) to innovate energy-efficient products owing to surge in demand for such appliances. In addition, based on distribution channel, market is segmented as e-commerce, supermarket & hypermarket, specialty stores and others. The E-Commerce segment is likely to witness higher growth rate due to high penetration of internet & smart-phone and growth in technological advancements during the forecast period.

The household appliances market is driven by increase in access to electricity, followed by increase in urbanization, rise in disposable income, participation of females in paid work force, decreased time for household activity and upsurge in affordability of household appliances. However, availability of counterfeit brands may impact the market. Moreover, growth in technological advancements, investing in developing economies and growth in e-commerce sales are key opportunities for market.

Based on geography, the North-American region holds major share in global household appliances market owing to high product penetration in the region. The Asian-Pacific and European regions are estimated to witness higher growth rate due to low interest rates, good economic situation, increase in household income, rise in middle-class population, easy access to consumer finance, easy access to goods through development of retail channels, and change in lifestyles of the population over the forecast period. It is predicted that future of the global market will be bright as a result of increase in demand for premium built-in or integrated appliances for instance ovens, with integrated steam function, integrated hob extractors, flexible induction hobs, and built-in dishwasher among others during the forecast period. It is also predicted that global household appliances market will be reached at US $433.4 billion by 2023, at a CAGR of 8.9%.

For More Information, Click on the Link Below:-
https://www.kenresearch.com/consumer-products-and-retail/home-and-office-furnishings/household-appliances-market/342108-95.html

Related Report:-
https://www.kenresearch.com/consumer-products-and-retail/home-and-office-furnishings/household-appliances-market/342108-95.html

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations, technology, transformation, digital, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Serving 70% of fortune 1000 companies globally, some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.

This release was published on openPR.

Permanent link to this press release:

Copy
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 Global Household Appliances Market | Global Household Appliances Industry | Global Household Appliances Market Research Report: Ken Research here

News-ID: 2250456 • Views: 156

More Releases from Ken Research Pvt Ltd

Myanmar Agriculture Machinery Market, Myanmar Agriculture Machinery Industry, My …
High Focus on Agriculture Sector: Myanmar has been an agriculture dependent country historically. Currently, agriculture sector employs more than 60% of the country’s population; therefore it is one of the top developmental priorities for the government. The agriculture sector accounted for one-third of the Myanmar Economy in 2011, valued at USD 19.5 Bn. However, it declined lately contributing to one-fourth of the economy, with a value of USD 17.5 Bn.
Myanmar Agriculture Machinery Market Outlook to 2025: Ken Research
The report titled “Myanmar Agriculture Machinery Market Outlook to 2025: Driven by Growth in Machinery Supply and Government's Focus on Agriculture Mechanization in the Country” provides a comprehensive analysis on the performance of the agriculture machinery market in Myanmar. The report covers various aspects including sales value, volume, trends & developments, issues & challenges faced by the industry, competition landscape, financing players, and others. It also covers the country overview,
Catering Services Market | Catering Market Future Growth | Hotel Catering Indust …
The market of the catering services has been functioned by the effective infrastructure which has led to augment in the construction activities in which in turn necessitate catering services for the labor camps. Whereas, the industrial caters efficiently facilitate the requirements of catering of the several remotely positioned industries comprising the factory and mining sites, manufacturing plants, oil and gas station and several others. However, the Jordan Catering market has
Seed Market Research Reports | Quinoa Seed Market | Flax Seeds Market | Hemp See …
A seed is the matured fertilized ovule of a flowering plant encompassing an embryo and capable normally of germination to harvest a new plant. Seed serves several functions for the plants such as dispersal to fresh locations, nourishment of the embryo, and dormancy throughout the unfavorable conditions. Timely accessibility of quality seeds in satisfactory quantity decides the health and power of an agricultural economy. Quality seeds suitable to several agro-climatic

All 5 Releases


More Releases for Household

Household Clothes Dryer Market
Household Clothes Dryer Market Size, Status, Business Future Scenarios and Brief Analysis 2020-2026 The "Global Household Clothes Dryer Market Report 2026"offers a clear understanding of the subject matter. The report has been gathered using principal and subordinate research methodologies. Both these methods are directed towards cooperating accurate and meticulous data concerning the market dynamics, historical events, and the current market landscape. Additionally the report includes a SWOT analysis that concludes the
High Net Worth Household Insurance Market 2018
"High Net Worth Household Insurance 2018", report provides an in-depth study into specialist home insurance products for wealthy individuals. The report outlines what a typical MNW and HNW home insurance product includes and how they are distributed. Key issues associated with the industry are addressed in addition to highlighting key market players, their products and latest developments. Get Free Sample Copy of this Research Report at https://www.reportsnreports.com/contacts/requestsample.aspx?name=1477000 Within the UK household
Household Tissue Paper Products Market
Household Tissue Paper Products Market Overview Various tissue papers products are widely used for household purposes in many forms such as paper towels, napkins, toilet rolls and much more. Although the products used for the household purpose and away from home purpose is same, the market characteristics widely differ. Also, paper products are widely preferred due to their high availability, completely biodegradable and complete recyclable characteristics over plastics and textiles. Due
Household Vacuum Cleaning Robots Market 2018
Household Vacuum Cleaning Robots Market report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data. Global Household Vacuum Cleaning Robots Market, provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Household Vacuum Cleaning Robots Market analysis is provided for the international Industry including development trends,
Household Cleaners Market Growth Opportunities Report 2024
The global household products market features a largely consolidated competitive landscape, with the top three companies accounting for over 49% of the market’s overall valuation in 2015. These three vendors, namely S.C. Johnson & Son Inc, Reckitt Benckiser Group plc, and Procter & Gamble Co., have strengthened their positions in the market by virtue of vast global presence, extensive product portfolios, and continuous introduction of innovative products. Read Report Overview @
UK Household Insurance Market Size, Share | MarketResearchReports.biz
MarketResearchReports.Biz announces addition of new report "UK Household Insurance: Distribution and Marketing 2016" to its database. The direct channel remains the preferred way to purchase home insurance and has gained market share across all three products (contents, buildings, and combined) in 2016. The banking channel is also growing due to the improvement of the UK housing market, which has increased the capacity for mortgage providers to cross-sell insurance. Brokers are losing