Press release
Rising Demand For Smart Home Solutions To Accelerate Growth In The Cordless Appliance Market: Transformative Forces Shaping the Cordless Appliances Market Landscape in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Cordless Appliances Industry Market Size Be by 2025?
The market size for cordless appliances has been steadily increasing over recent years. It is anticipated to expand from a value of $43.92 billion in 2024 to $46.74 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.4%. The notable growth during the historical period can be traced back to a surge in consumer preference for convenience and portability, the booming home improvement and renovation industry, improved safety and performance features, an increase in disposable income and expenditure on household commodities, and greater acceptance of smart home technology.
What's the Long-Term Growth Forecast for the Cordless Appliances Market Size Through 2029?
In the coming years, the market for cordless appliances is predicted to witness substantial growth and is expected to reach $62.55 billion by 2029 with a compound annual growth rate (CAGR) of 7.6%. The surge during the forecasted period can be ascribed to factors like the burgeoning trend of integrating home automation and smart home, foray into developing markets with expanding middle-class demography, heightened emphasis on health and hygiene, in addition to government policies and regulations encouraging energy-saving appliances. Key trends during this period encompass the adoption of sophisticated sensors and artificial intelligence for improved functionality, the proliferation of multi-purpose and adaptable cordless appliances, concentration on refining sleek and ergonomic design, the escalating usage of sustainable and recyclable materials, and engaging advancements in wireless charging technologies.
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What Are the Key Growth Drivers Fueling the Cordless Appliances Market Expansion?
The anticipated surge in smart home solution requirements is predicted to stimulate the cordless appliance market's expansion. Smart home solutions encompass an array of technologies and systems designed to unify diverse devices and appliances in a house, thereby enhancing comfort, convenience, security, energy efficiency, and automation. The craving for convenience and automation is leading to an increase in smart home solutions demand, enabling home systems to be remotely operated. Technological progression and superior connectivity render these solutions more accessible and attractive. Cordless appliances are favoured in smart homes due to their convenience and flawless integration with automation systems, which offer flexibility and minimize cable confusion. As per a report released by techUK, a UK-based tech industry membership association, in November 2022, it is estimated that 77% of UK adults will possess at least one linked home device. This is a growth from 67% prior to the pandemic, marking a 1% augmentation since 2021. In addition, the quotient of 'advanced adopters' who own more than three connected home appliances or devices, has escalated to 26% in 2022, up from 24% in 2021. Thus, smart appliances are expected to fuel the cordless appliance market's growth.
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Which Fast-Growing Trends Are Poised to Disrupt the Cordless Appliances Market?
Major businesses in the cordless appliances industry are emphasizing on launching products that incorporate the latest wireless technologies, such as wireless charging. This happens to eliminate the nuisance of tangled cables and connectors, making charging easier and diverse by simply placing devices on compatible charging plates. An example of this was seen in May 2023. Klipsch Group Inc., an American company renowned for manufacturing audio gadgets like speakers and headphones, introduced the T5 II ANC true wireless stereo (TWS). These were launched to satisfy the upsurge of consumer longing for enhanced features like active noise cancellation (ANC) and wireless charging. Apart from ANC and wireless charging, these earbuds incorporate Bragi's AI-based gesture controls for unconstrained operation. Klipsch focused on upgrading the user interaction with better sound quality via overhauled drivers and Dirac HD sound technology. This introduction highlights Klipsch's vision to compete in the high-end TWS earphone market by offering state-of-the-art features and superior audio performance.
How Is the Cordless Appliances Market Segmented?
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 Companies Are Leading the Charge in Cordless Appliances Market Innovation?
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 Are Leading the Global Cordless Appliances Market in Revenue?
North America was the largest region in the cordless appliances market in 2024. 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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