Domestic Appliance Market 2022 to 2028 Industry Product and Top Companies | Panasonic, LG, Homelands

The Domestic Appliance research report provides a thorough and comprehensive analysis of the global Industry. It contains quantitative and qualitative data on the entire industry structure. This Domestic Appliance Market research report provides an overview of the market based on segmentation, allowing the client to readily comprehend the market. During the projection period of 2022 to 2028, the markets are estimated to rise at a fast pace. It provides unbiased information about the Service Industry, empowering the client to make informed conclusions that will help them achieve major business goals.

Market Overview -

According to MID's Domestic Appliance Market Size is projected to grow at a CAGR of 5.56% during the Period 2022-2028

Domestic appliances can be categorised into three categories major appliances or white goods, small appliances, and consumer electronics. Major appliances are large home appliances used for regular housekeeping tasks such as cooking, washing laundry, food preservation, and others. They are mostly equipped with special connections such as electrical, gas, plumbing, and ventilation set up, which limits the mobility of these appliances around the house. Small appliances are semi-portable or portable machines that are generally used on platforms such as counter-tops and table tops. Some of these appliances are air purifiers, humidifiers & de-humidifiers, blenders, clothes steamers & iron, electric kettle & coffee machines, and others. Consumer electronics include devices used for entertainment, communications, and home-office activities such as TVs, music system, and else.

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The top companies in this report include:

Panasonic, LG, Homelands, Samsung, Unique Appliances Ltd., BSH, Solo rock, Danby, Heartland Appliances Inc., Greenway Home Products, Miele, Camco, Westland, Whirlpool

The research provides vendor information as well as the competitive landscape of the market. It includes details on the report's leading market vendors, as well as their growth factors and business strategies. Due to the highest market value in 2022, the Global Domestic Appliance market is predicted to grow at a significant rate with a strong CAGR throughout the review period.

Industry News  -

Panasonic's largest acquisition to date was in 2021, when it acquired Blue Yonder for $8.5B. It's largest disclosed sale occurred in 2013, when it sold PHC Holdings to KKR for $1.7B. Panasonic has acquired in 9 different US states, and 8 countries. The Company's most targeted sectors include software (28%) and electronics (17%).

Westland Insurance Group has acquired 21 companies, including 20 in the last 5 years. The Company's most targeted sectors include insurance (100%).

Whirlpool's largest acquisition to date was in 2005, when it acquired Maytag for $2.7B. It's largest disclosed sale occurred in 2018, when it sold Whirlpool - Embraco Compressor to Nidec for $1.1B. Whirlpool has acquired in 3 different US states, and 5 countries. The Company's most targeted sectors include consumer products (63%) and electrical equipment (13%).

In July 2018, Xiaomi launched a new product to its Mijia product line. Mijia Smart Air Conditioner, which won the 2017 Good Design gold award, features an anti-UV ABS polymer resin body. The product further includes additional features such as a LED display on the front of the unit, and users can control the temperature and cooling times via the Mi Home app from their smart devices.

In October 2018, LG In July 2018, Xiaomi launched a new product to its Mijia product line. Mijia Smart Air Conditioner, which won the 2017 Good Design gold award, features an anti-UV ABS polymer resin body. The product further includes additional features such as a LED display on the front of the unit, and users can control the temperature and cooling times via the Mi Home app from their smart devices.

Dividing the Global Drinking Domestic Appliance Market based on Product types and Application

This report segments the Global Domestic Appliance Market on the assumption of the consequent types:

Dishwasher
Oven
Range
Cooling
Cooktop
Hood
Washer
Dryer
Others

On the premise of application, the Global marketplace for Domestic Appliance is segmental into:

Supermarket & Hypermarket
Specialty Stores
e-Commerce
Others

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Regional Outlook -

North America is a matured and homogenous market for household appliances with high product penetration. The demand for household appliances is dominated by product replacement.

The European market experiences growth owing to low interest rates and a good economic situation. The market is witnessing an increase in demand for premium built-in or integrated appliances such as ovens, with integrated steam function, flexible induction hobs, integrated hob extractors, and built-in dishwasher among others.

The Asia-Pacific household appliances market is anticipated to witness strong growth owing to increase in household income, rapid urbanization, rise in the middle-class population, easy access to goods through development of retail channels, easy access to consumer finance, and change in lifestyles of the population.

Geographical regions included, such as -

On the basis of Geography, The Global Domestic Appliance Market is classified into North America, Europe, Asia Pacific, and the Rest of the world.

North America (the United States, Canada and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)

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Table of Contents-

Report Overview - The report overview includes studying the market scope, leading players, market segments, market analysis by type, application, geography of the market.

Executive - The report summarizes about "Domestic Appliance" market trends and shares, market size analysis by region, and countries. Under market size analysis by region, analysis of market share, and growth rate by region is provided.

Profiles of International Players - This section also profiles some of the major players functioning in the "Domestic Appliance", based on various factors such as the company overview, revenue, product offering and SWOT analysis.

Geographic Study - The regions and countries mentioned in this research study have been studied based on the market size by application, product, key players, and market forecast.

Key Players - This section of the "Domestic Appliance" report explains about the expansion plans of the leading players, investment analysis, funding, company establishment dates, revenues of manufacturers, and the regions served.

To be Continued…

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