Press release
Household Appliances Market 2024-2033: Global Outlook, Business Statistics, Latest Trends And Major Players | DowDuPont Inc., Evonik Industries AG, Corteva Inc., Sika AG, Huntsman Corporation.
Household Appliances Market
The Business Research Company presents an extensive market research report on the Household Appliances Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The household appliances market size has grown strongly in recent years. It will grow from $596.03 billion in 2023 to $644.42 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to increased home renovation, housing market growth, electrification of homes, changing lifestyles, energy efficiency awareness, demographic shifts.
The household appliances market size is expected to see strong growth in the next few years. It will grow to $854.21 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to growing smart home integration, rising middle-class population, health and wellness features, aging population needs, energy storage integration. Major trends in the forecast period include sustainable design, internet of things (iot), voice and ai integration, compact and multi-functional appliances, advanced cooking technologies, customization and personalization.
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Key Market Players:
Major companies operating in the household appliances market report are DowDuPont Inc., Evonik Industries AG, Corteva Inc., Sika AG, Huntsman Corporation, Toyobo Co. Ltd., Hexion Inc., Hexcel Corporation, Mapei SpA, Paramelt BV, Buhnen GmbH & Co. KG, Beardow & Adams Ltd., Tex Year Industries Inc., Dymax Corporation, Bostik Inc., Worthen Industries Inc., ITW Dynatec GmbH, KLEIBERIT SE & Co. KG, Wisdom Adhesives LLC, American Chemical Inc., Jowat SE, Daubert Chemical Company, Sealock Ltd., Permabond Engineering Adhesives Ltd., Sipol spa, Helmitin Inc., Adhesive Direct UK, Costchem SRL, Evans Adhesive Corporation Ltd., Sanyhot Adhesivos SA
Market Drivers:
The rising trend of outdoor parties and cookouts on weekends and holidays is expected to drive the market for household appliances in the forecast period. Rapidly evolving lifestyle along with the increasing outdoor recreational activities would increase the demand for house hold appliances. The Europe household appliances market is expected to grow to $5.98 million by 2026. Increasing access to unique camping sites, and increasing adventure camping, coupled with the rising disposable income would drive the market for household appliances globally, which in turn would boost the market for household appliances in the forecast period.
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https://www.thebusinessresearchcompany.com/report/household-appliances-global-market-report
The household appliances market covered in this report is segmented -
1) By Type: Small Electrical Appliance, Household Cooking Appliance, Household Refrigerator And Home Freezer, Household Laundry Equipment, Other Major Household Appliance
2) By Mode: Online, Offline
3) By Application: Cooking, Cleaning, Other Applications
Subsegments Covered: Household Type Fans, Household Type Vacuum Cleaners, Other Household Type Small Electric Appliances, Electric Stoves, Microwave Ovens, Barbecues And Grills, Other Household Cooking Appliance, Refrigerators, Freezers, Ice Boxes, Refrigerator/Freezer Combinations, Washing Machines, Ironers, Dryers, Other Household Laundry Equipment, Dishwashers, Waste Disposable Units, Water Heaters, All Other Major Household Appliance
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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