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Leading Growth Driver in the Cordless Appliances Market in 2025: Rising Demand For Smart Home Solutions To Accelerate Growth In The Cordless Appliance Market Driver's Influence
What Are the Market Size and Growth Forecast for the Cordless Appliances Market?In recent times, the cordless appliances market has seen robust growth. A rise is anticipated from $43.92 billion in 2024 to $47.61 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 8.4%. The notable growth in the preceding period can be associated with factors such as a growing customer inclination towards convenience and portability, an expansion in the home renovation and improvement industry, improved safety and performance features, an increase in disposable income and expenditure on domestic goods, as well as a heightened inclusion of smart home technology.
The market size for cordless appliances is expected to experience robust growth in the forthcoming years, with estimates pointing to a value of $65.1 billion in 2029, bolstered by a compound annual growth rate (CAGR) of 8.1%. Factors contributing to the projected growth in this period include the escalating trend of smart home and home automation association, penetration into developing markets with expanding middle-class demographics, heightened emphasis on health and sanitation, plus official incentives and guidelines endorsing energy-saver appliances. Key trends in the prediction period include the incorporation of high-tech sensors and AI for augmented functionality, the evolution of versatile and multipurpose cordless appliances, a concentration on elegant and ergonomic design enhancements, the rise in the deployment of recyclable and eco-friendly materials, and breakthroughs in wireless charging techniques.
What Factors Are Fueling Growth in the Cordless Appliances Market?
The growth of the cordless appliance market is expected to be driven by an increase in demand for smart home solutions. Smart home solutions encompass a variety of technologies and systems that allow different devices and appliances within a home to work together, boosting convenience, comfort, security, automation and energy efficiency. The surge in demand for these solutions can be credited to the rising preference for convenience and automation, which facilitate the remote control of home systems. Enhanced technology and better connectivity have also made these solutions more appealing and easily accessible. In the context of smart homes, cordless appliances are favoured for their ease of use and the smooth integration they offer with automation systems, along with the added advantage of removing the need for cables, thereby increasing flexibility. A report by techUK, a membership association for the tech industry based in the UK, published in November 2022, stated that, compared to 67% before the pandemic, 77% of UK adults are projected to own at least one connected home device, showing a 1% increase from 2021. Furthermore, the percentage of 'advanced adopters', i.e., individuals owning more than three connected home appliances and devices, has gone up from 24% in 2021 to 26% in 2022. Hence, cordless appliances' growth in the market will be propelled by smart appliances.
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Which Key Market Leaders Are Driving Cordless Appliances Industry Growth?
Major companies operating in the cordless appliances market are Samsung Electronics Co. Ltd., Hitachi Ltd., LG Electronics Inc., Panasonic Corporation, Midea Group, Haier Group Corporation, Whirlpool Corporation, Koninklijke Philips N.V., BSH Home Appliances Group, Black+Decker Inc., Electrolux AB, Dyson Ltd, Makita Corporation, Miele & Cie. KG, SharkNinja Operating LLC, iRobot Corporation, Breville Group, Hoover Company, Bissell Inc., Hamilton Beach Brands Holding Company, Vitamix, Blendtec, Cuisinart, Russell Hobbs Limited, Wacaco, Oster, Tineco Intelligent Technology Co. Ltd., Megachef
What Are the Emerging Trends in the Cordless Appliances Industry?
Top businesses that are a part of the cordless appliances industry are focusing on implementing wireless technology advancements, like wireless charging, in their products, to make them more hassle-free. This technology allows devices to charge without wires, by placing them on a charging pad that supports wireless technology, eliminating the need for any cords or connectors. For example, in May 2023, a company based in the U.S., Klipsch Group Inc., which specializes in audio equipment, introduced the T5 II ANC true wireless stereo (TWS), in response to the increasing customer demand for innovative features like active noise cancellation (ANC) and wireless charging. The new earphones are integrated with an AI-powered gesture control by Bragi for easy navigation. Klipsch's primary intention was to improve the listeners' experience with a redesigned driver for enhanced sound quality and Dirac HD sound technology. The introduction of these earphones underlines the company's strategy to remain competitive in the TWS earphone market by offering innovative attributes and superior audio performance.
What Are the Main Segments in the Cordless Appliances Market?
The cordless appliances market covered in this report is segmented -
1) By Product Type: Vacuum Cleaner, Mixer, Blender, Electric Kettle, Coffee Maker, Chopper, Electric Shaker, Lamp, Table Fan, Other Product Types
2) By Distribution Channel: Online, Offline
3) By End-User: Residential, Commercial
Subsegments:
1) By Vacuum Cleaner: Handheld Vacuum Cleaners, Stick Vacuum Cleaners, Robotic Vacuum Cleaners
2) By Mixer: Hand Mixers, Stand Mixers
3) By Blender: Personal Blenders, Countertop Blenders, Immersion Blenders
4) By Electric Kettle: Cordless Electric Kettles, Rapid Boil Electric Kettles
5) By Coffee Maker: Drip Coffee Makers, Espresso Machines, Single-Serve Coffee Makers
6) By Chopper: Handheld Choppers, Multi-Purpose Food Processors
7) By Electric Shaker: Cordless Milk Frothers, Electric Drink Shakers
8) By Lamp: Cordless Table Lamps, Rechargeable Floor Lamps
9) By Table Fan: Rechargeable Table Fans, Personal USB Fans
10) By Other Product Types: Hair Dryers, Cordless Irons, Cordless Screwdrivers, Electric Toothbrushes
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Which Geographic Area Leads the Cordless Appliances Market?
North America was the largest region in the cordless appliances market in 2023. The regions covered in the cordless appliances market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Cordless Appliances Global Market Report?
- Market Size Analysis: Analyze the Cordless Appliances Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cordless Appliances Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cordless Appliances Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cordless Appliances Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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