The Rising Adoption Of Smart Home Appliances Boosts The White Goods Market : Powering Innovation and Expansion in the White Goods Market by 2025

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What Is the Expected CAGR for the White Goods Market Through 2025?
The size of the white goods market has experienced considerable growth in the past few years. Expected to rise from $703.69 billion in 2024 to $745.43 billion in 2025, this signifies a compound annual growth rate (CAGR) of 5.9%. Factors contributing to the growth in the historic period include heightened demand due to urbanization, income growth, evolving lifestyles, replacement cycles, and energy management.

What's the Projected Size of the Global White Goods Market by 2029?
Predictions indicate that the white goods market will experience significant expansion in the coming years, expected to reach $1011.43 billion by 2029, with a compound annual growth rate (CAGR) of 7.9%. This projected growth during the forecast period can be accredited to several factors such as the rise in smart home incorporation, the surge in e-commerce and online shopping activities, a focus on sustainability and environmental friendliness, as well as the emphasis on health and hygiene features and remote diagnostic and maintenance services. The major trends anticipated during this period include the advent of smart and intertwined appliances, the dominance of online retail and e-commerce, the rise of digital interfaces and touchscreen controls, further developments in remote diagnostics and maintenance, and growing emphasis on the circular economy and recycling practices.

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Top Growth Drivers in the White Goods Industry: What's Accelerating the Market?
The burgeoning use of intelligent home devices to lessen the household chore burden is predicted to fuel the white goods market's expansion. An intelligent house gadget is an electronic equipment linked to a centralized network that can be remotely programmed or managed, or operate independently, based on sensor inputs sensing temperature, light, or activity. These appliances are typically designed to be compatible with other smart devices, preferably within a comprehensive smart home system. A substantial demand for white goods is anticipated following the increased adoption of intelligent home devices. For example, a smart home research published in Digitized House in May 2022 revealed about 70% of consumers have at least one smart appliance product, driven by high sales of such devices in the US. Furthermore, a large number of consumers plan to further supplement their homes with these appliances in the future. Therefore, these consumer behavior trends towards smart appliances are anticipated to propel the white goods market.

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What Are the Key Trends Driving White Goods Market Growth?
Major players in the white goods industry are introducing new and novel products designed to make cleaning more manageable and intuitive for individuals with limited time. These include vacuum cleaners and autonomous cleaning robots that enhance the convenience and efficiency of home cleaning. In August 2022, for example, Dreame, Ltd, an innovative company located in China, released two new state-of-the-art home cleaning products: the Dreame H12 Wet and Dry Vacuum Cleaner, and the Dreame Bot W10 Pro Self-Cleaning Robot Vacuum and Mop. These products are designed to streamline domestic cleaning chores and conserve time. They include Dreame's most advanced technology, which enhances cleaning effectiveness and coverage area. The Dreame H12 Wet & Dry Vacuum Cleaner can vacuum and mop simultaneously, making it perfect for kitchens and dining areas. The automated robot cleaner has a 4,000Pa suction capability and a 19.2cm ultra-wide brush for efficient dirt and debris pickup, as well as smart self-cleaning features.

What Are the Main Segments in the White Goods Market?
The white goods market covered in this report is segmented -

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

Subsegments:
1) By Cleaning Equipment: Washing Machines, Dishwashers, Vacuum Cleaners
2) By Preservation And Cooking Equipment: Refrigerators, Freezers, Ovens, Microwaves
3) By Heating And Cooling Equipment: Air Conditioners, Heaters, Dehumidifiers
4) By Other Types: Water Heaters, Food Processors, Other Kitchen Appliances

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Which Top Companies are Driving Growth in the White Goods Market?
Major companies operating in the white goods market include Blue Star Limited, Haier Group Corporation, LG Electronics Inc., Samsung Electronics Co. Ltd., 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

Which Regions Will Dominate the White Goods Market Through 2029?
North America was the largest region in the white goods market in 2024. Asia-Pacific is expected to be the fastest-growing region in the white goods market report during the forecast period. The regions covered in the white goods market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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