Europe White Goods Market to Reach USD 193.24 Billion by 2027 with CAGR of 3.10% - White Goods Market Forecast Reveals Strong Regional Growth

According to a new report by Maximize Market Research, the Europe White Goods Market was valued at USD 160,893.19 million in 2021 and is projected to reach USD 193,236.72 million by 2027, growing at a CAGR of 3.10% during the forecast period. This growth reflects increasing demand across both major and small appliance categories in Germany, the UK, France, Italy, and Spain, amid evolving consumer habits and rising disposable income in the region. The Europe white goods market is forecasted to grow from about USD 160.89 billion in 2021 to USD 193.24 billion by 2027, driven primarily by rising demand for refrigeration equipment and changing consumer lifestyles.

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♦ Key Highlights:

The Europe White Goods Market is forecasted to grow at a CAGR of 3.10%, rising from USD 160,893.19 million in 2021 to USD 193,236.72 million by 2027.

Among major appliances, refrigeration equipment holds the largest share of market value.

Germany is the leading regional market in Europe for both major and small white goods; it holds the largest market share and is expected to maintain dominance through the forecast period.

Key drivers include rising disposable incomes, changing consumer lifestyles, increased demand for energy-efficient appliances; restraints include COVID-19‐induced supply chain disruptions and reduced consumer spending during lockdowns.

Top companies profiled in the report include Whirlpool Corporation, Samsung Electronics, LG Electronics, Arcelik A.S, Daikin Industries, Ariston, Thermo SpA, Gorenje Group, Miele, Robert Bosch, Electrolux AB, Philips N.V., and Dyson Household Appliances.

♦ Market Outlook

The Europe white goods market includes both major appliances (such as refrigeration, cooking, washing & drying, heating & cooling equipment) and small appliances (beverage making, cleaning, cooking, etc.). Refrigeration equipment is the largest segment by value under major appliances. On the small appliances side, cleaning and cooking equipment also contribute significantly to growth. The forecast considers historical data from 2016-2020 and projects strong recovery and growth post-COVID-19 disruptions.

Drivers such as rising demand for energy efficiency, improved consumer purchasing power, and shifts toward modern, smart home appliances are boosting the market. Meanwhile, challenges include supply chain disruptions, component shortages, regulatory pressures (e.g. energy consumption standards), and fluctuations in raw material costs.

♦ Regional Insights

Germany leads Europe in white goods market share, both in major and small appliances. Other significant markets include the UK, France, Italy, and Spain. These countries are expected to contribute majorly toward market growth due to their strong manufacturing bases, high consumer spending, and rapid adoption of technologically advanced appliances.

COVID-19 impact saw a dip of about 5-7% in sales in Q2 2021 compared to the same period in 2020 in Europe, attributed to movement restrictions and reduced consumer spending. However, demand rebounded in major appliance categories once restrictions eased.

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♦ Key Players & Competitive Landscape
Major players in the Europe white goods market include:

Whirlpool Corporation

Samsung Electronics

LG Electronics

Arcelik A.S

Daikin Industries

Ariston

Thermo SpA

Gorenje Group

Miele

Robert Bosch

Electrolux AB

Philips N.V.

Dyson Household Appliances

These companies are competing through product innovations, expanding product portfolios, investment in energy-efficient and smart appliances, and optimizing their supply chains and manufacturing capabilities.

♦ Quote

"Europe's white goods market is entering a phase of steady growth, propelled by consumer demand for high-efficiency and smart appliances. With refrigeration equipment leading the charge, manufacturers that invest in energy-saving technologies and resilient supply chains stand to capture significant market value over the next five years," said An analyst at Maximize Market Research.

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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.