Press release
White Goods Market to Reach USD 637.6 Bn by 2029, emerging at a CAGR of 4 percent and forecast 2023-2029
White Goods Market
The report comprehensively explores the market trends and challenges. It leverages data from 2022 for a thorough client understanding, and market analytics are based on actual figures from 2018 to 2022, with forecasts extending to 2029. White goods, encompassing major household appliances such as refrigerators, cookers, blenders, air fryers, washing machines, freezers, tumble dryers, dishwashers, geysers, and air conditioners, are examined in detail.
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White Goods Market Research Methodology:
A robust research methodology underpins the report, facilitating the analysis of market drivers, restraints, and the factors contributing to the growing demand for white goods. Product differentiation and the integration of value-added benefits like Wi-Fi and Bluetooth accessibility via smartphones and tablets have been key drivers.
What are White Goods Market Dynamics:
Increasing disposable income, urbanization, and demand for human comfort are all on the rise as a result of changing environmental conditions. These elements are propelling the white goods market forward.
Growing demand for energy-saving white goods, as well as an increase in sales, has resulted in the expansion of manufacturing facilities for household appliances in developing countries, propelling white goods market growth.
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White Goods Market Regional Insights:
Asia Pacific: This region took the lead in the market, commanding a 40% share in 2022. Factors contributing to its dominance include the presence of major manufacturers, increased investment, and rising industrialization. A growing standard of living, increased disposable income, and heightened spending on home improvements have driven demand for white goods. In countries like China, Japan, and India, the rise in population, awareness about smart cities, and the adoption of smart integrated appliances have all contributed to the growth of the white goods market in the Asia Pacific region.
North America: The North American market is poised to exhibit a CAGR of 4% through the forecast period. Increasing launches of advanced technologies, government support and initiatives, and rising household demand for white goods are expected to drive market growth.
What is White Goods Market Segmentation:
by Type
CLEANING EQUIPMENT
PRESERVATION & COOKING EQUIPMENT
HEATING & COOLING EQUIPMENT
OTHERS
by Applications
Household
Drycleaners & Cleaning
Hospitals & Clinics
Others
by Distribution channel
Supermarket and Hypermarket
Specialty Store
Retail Store
E-commerce
others
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Who are White Goods Market Key Players:
1. Whirlpool Corporation
2. Panasonic Corporation
3. IFB Industries
4. Samsung
5. Sharp Corporation
6. LG Electronics
7. Hitachi, Ltd
8. Robert Bosch GMBH
9. Symphony Limited
10. Blue Star Limited
11. ARรELIK A.S.
12. Godrej & Boyce Mfg. Co. Ltd.
13. AB Electrolux
14. Haier Inc.
15. Midea Group
16. Siemens
17. TCL Corporation
18. Mitsubishi Electric Corporation
19. Johnson Controls
Table of content for the White Goods Market includes:
White Goods Market : Research Methodology
White Goods Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. White Goods Market : Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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