White Goods Market Trends, Top Companies, Share, Growth And Forecast 2033 


The new report published by The Business Research Company, titled "White Goods Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the white goods market size has grown strongly in recent years. It will grow from $659.62 billion in 2023 to $715.61 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The white goods market size is expected to see strong growth in the next few years. It will grow to $990.08 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%.

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The Rising Adoption Of Smart Home Appliances Boosts The White Goods Market
The increase in the adoption of smart home appliances by customers to the reduced workload is expected to propel the growth of the white goods market. A smart home appliance is an electronic device connected to a central system that can be programmed or controlled remotely or function autonomously based on input from sensors, which detect temperature, light levels, or activity. Smart appliances are usually built to work with other smart devices, preferably part of a larger smart home system. There will be a significant demand for white goods in response to the rise in the adoption of smart home appliances. For instance, according to the smart home study published in Digitized House in May 2022, approximately 70% of consumers own at least one intelligent appliance product as the US has flying sales of intelligent appliances. In addition, the majority of customers still plan to add more such appliances in the future. Thus, the increase in the adoption of smart home appliances by customers is expected to drive the white goods market.

Innovative Products To Make Cleaning More Convenient And User-Friendly
Major companies operating in the white goods market are launching innovative products such as the to make cleaning more convenient and user-friendly for people with busy schedules. These are the vacuum cleaners and self-cleaning robot cleaners used to make household cleaning more efficient and convenient. For instance, in August 2022, Dreame, Ltd, a China-based providing innovative and high-quality products, launched two new innovative household cleaning products, the Dreame H12 Wet and Dry Vacuum Cleaner, and the Dreame Bot W10 Pro Self-Cleaning Robot Vacuum and Mop. These products aim to simplify house cleaning tasks and save time. The vacuum cleaners incorporate Dreame's latest technologies, improving cleaning efficiency and expanding their coverage. The Dreame H12 Wet & Dry Vacuum Cleaner can both vacuum and mop in a single pass, making it ideal for areas like kitchens and dining spaces. The self-cleaning robot cleaner offers a 4,000Pa suction power and features a 19.2cm ultra-wide brush to effectively pick up dirt and debris, along with intelligent self-cleaning capabilities.

The white goods market covered in this report is segmented -

1) By Type: Cleaning Equipment, Preservation & Cooking Equipment, Heating & Cooling Equipment, Other Types
2) By Application: Offline Sales, Online Sales
3) By Distribution Channel: Supermarket & Hypermarket, Specialty Store, Retail Store, E-commerce, Other Distribution Channels
4) By End User: Private Sector, Domestic, Corporate, Public Sector, Government, Hospitals

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Major companies operating in the white goods market include Blue Star Limited, Haier Group Corporation, LG Electronics Inc., Samsung Electronics Co. Ltd., Videocon Industries Limited, Amica Wronki Spólka Akcyjna, Arçelik A.S., Robert Bosch GmbH, Candy Hoover Group S.r.l., Dacor Inc., Daewoo Electronics Corporation, AB Electrolux, Fisher & Paykel Appliances Holdings Limited, BSH Hausgeräte GmbH, General Electric Company, Groupe SEB, Hisense Group Co. Ltd., Hitachi Ltd., Whirlpool Corporation, Liebherr-International AG, Miele & Cie. KG, Panasonic Corporation, Sharp Corporation, Siemens AG, Smeg S.p.A., Sub-Zero Group Inc., Toshiba Corporation, Vestel Elektronik Sanayi ve Ticaret A.S., Vestfrost Solutions A/S

Contents of the report:
1. Executive Summary
2. White Goods Market Report Structure
3. White Goods Market Trends And Strategies
4. White Goods Market - Macro Economic Scenario
5. White Goods Market Size And Growth
…..
27. White Goods Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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