Rising Demand For Smart Home Solutions To Accelerate Growth In The Cordless Appliance Market: Strengthening the Growth Trajectory of the Cordless Appliances Market

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What Is the Expected CAGR for the Cordless Appliances Market Through 2025?
The size of the cordless appliances industry has seen robust growth in the last few years. This market is projected to expand from $43.92 billion in 2024 to $47.61 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.4%. Factors driving this growth during the historical period include the rise in consumer inclination towards convenience and mobility, expansion in the home renovation and improvement industry, improved safety and performance characteristics, an increase in disposable income and expenditure on domestic goods, and a surge in the adoption of intelligent home technology.

What's the Projected Size of the Global Cordless Appliances Market by 2029?
The market size for cordless appliances is forecasted to experience a substantial upswing in the coming years, reaching $65.1 billion by 2029 at a compound annual growth rate (CAGR) of 8.1%. The anticipated expansion during this period is linked to the proliferation of home automation and smart home integration, penetration into underdeveloped markets enriched with a growing middle-class demographic, a heightened attention towards health and cleanliness, along with government schemes and legislations encouraging eco-friendly appliances. Key market trends for the forecast period include the assimilation of state-of-the-art sensors and artificial intelligence to boost functionality, the introduction of multi-purpose and flexible cordless appliances, an emphasis on meticulously crafted and ergonomically designed appliances, a growing inclination towards the deployment of sustainable and recyclable materials, along with advancements in the realm of wireless charging technologies.

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Top Growth Drivers in the Cordless Appliances Industry: What's Accelerating the Market?
The anticipated surge in demand for smart home solutions is projected to fuel the expansion of the cordless appliance market. When referring to smart home solutions, a variety of technologies and systems are included that unify different devices and appliances within a household, enhancing comfort, convenience, security, energy efficiency, and automation. The interest in these solutions is escalating due to the longing for convenience and automation, which enables the control of home systems remotely. Furthermore, due to technological evolution and enhanced connectivity, these solutions have become more available and attractive. Cordless appliances are favoured in smart homes because they provide conveniences and cohesively merge with automation systems, offering flexibility and cutting down on cable mess. For example, techUK, a membership association for the tech industry based in the UK, in a report published in November 2022, forecasted a spike in ownership of at least one connected home device among UK adults from pre-pandemic 67% to 77%, a 1% increase since 2021. On top of that, the percentage of 'advanced adopters' who own over three connected home appliances and devices has grown to 26% in 2022 from 24% in 2021. Consequently, smart appliances are set to boost the expansion of the cordless appliance market.

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What Trends Will Shape the Cordless Appliances Market Through 2029 and Beyond?
Key players in the cordless appliances industry are turning their focus to the creation of solutions that utilize progressive wireless tech advancements, for example, wireless charging, to mitigate the complexities of using wires and connectors. This form of charging eliminates the need for cables by allowing devices to be charged wirelessly on compatible charging stations leading to an easy-to-use and flexible charging system. Klipsch Group Inc., an American firm expert in audio equipment which includes speakers and headphones, launched the T5 II ANC true wireless stereo (TWS) in May 2023. This was in response to increasing consumer needs for advanced features such as active noise cancellation (ANC) and wireless charging. The earphones incorporate AI-powered gesture commands by Bragi for simple operation. Klipsch's goal was to enhance the audio experience by offering superior sound quality via reengineered drivers and Dirac HD sound technology. This product release is a testament to Klipsch's competitive strategy to provide innovative features and superior sound quality in the high-end TWS earphone market.

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 Top Companies are Driving Growth in the Cordless Appliances Market?
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

Which Regions Will Dominate the Cordless Appliances Market Through 2029?
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.

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