Selbyville, DE -- (SBWire) -- 11/05/2018 --The 2017-2024 report on global Electric Household Appliances market explores the essential factors of Electric Household Appliances industry covering current scenario, market demand information, coverage of active companies and segmentation forecasts.
A highly acclaimed sub-vertical of the electronics & media business space, electric household appliances market has accrued commendable popularity in the last decade or so, primarily on account of the ever-increasing demand for washing machines, air conditioners, and myriad other household commodities. The demand for home appliances has steadily been increasing across numerous geographies, specifically in the Asia Pacific region, as has been observed since a few years back. Electric Household Appliances Market size is set to exceed USD 600 billion by 2024 according to a new research report. The global industry shipments are anticipated to cross 1 billion units by 2024.
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One of the most pivotal factors driving the growth of electric household appliance market across the Asia Pacific belt is quite overtly, the rising consumer disposable incomes in conjunction with the subsequent increase in affordability and a massive change in lifestyle patterns. Countries such as India and China especially, have remained at the forefront as far as the expansion of electric household appliances industry in APAC is concerned.
Rapid industrialization, technological advancements, and reducing prices of the air conditioners are anticipated to spur the room air conditioner market size. Split ACs will witness a significant demand due to the ease-of-installation, higher energy efficiency, and varying building infrastructures.
It is expected that the online sales of air conditioners will show a rapid growth in the coming years as consumers are feeling comfortable purchasing branded appliances online. In addition, improvements in after-sales services have provided an impetus to the electric household appliances market growth. Manufacturers are working with several other companies to ensure timely delivery and installation after the online sales of the product.
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With a rise in environmental and social consciousness, many consumers are looking for steps to diminish the impact on the atmosphere. Driven by the desire to contribute toward the environmental ecosystem, consumers are seeking products, which are energy-efficient and cost-effective, thereby driving the electric household appliances market.
The key players operating in the electric household appliances market are AB Electrolux, Toshiba, Panasonic Corporation, Haier Group, V-Guard Samsung Electronics Co., Ltd., Whirlpool Corporation, etc. The industry is demanding modernization with manufacturers focusing on developing smart and autonomous equipment by integrating machine programming concepts, intelligent electronic control, and sensors.
Table of Contents
Chapter 4 Electric Household Appliances Market, By Product
4.1 Electrical household appliances market share by product, 2016 & 2024
4.2 Refrigerators & Freezers
4.2.1 Refrigerators & freezers market, by region, 2013 - 2024 (USD Billion)
4.3 Washers & Dryers
4.3.1 Washers & dryers market, by region, 2013 - 2024 (USD Billion)
4.4 Dishwashers
4.4.1 Dishwashers market, by region, 2013 - 2024 (USD Billion)
4.5 Room Air-Conditioners
4.5.1 Room air-conditioners market, by region, 2013 - 2024 (USD Billion)
4.6 Cooking Appliances
4.6.1 Cooking appliances market, by region, 2013 - 2024 (USD Billion)
Chapter 5 Electric Household Appliances Market, By Region
5.1 Electric household appliances market share by region, 2016 & 2024
5.2 North America
5.2.1 North America market, by product, 2013 - 2024
5.2.2 U.S.
5.2.2.1 U.S. market, by product, 2013 - 2024
5.2.3 Canada
5.2.3.1 Canada market, by product, 2013 - 2024
5.3 Europe
5.3.1 Europe market, by product, 2013 - 2024
5.3.2 Germany
5.3.2.1 Germany market, by product, 2013 - 2024
5.3.3 UK
5.3.3.1 UK market, by product, 2013 – 2024
5.3.4 France
5.3.4.1 France market, by product, 2013 - 2024
5.3.5 Italy
5.3.5.1 Italy market, by product, 2013 - 2024
5.3.6 Spain
5.3.6.1 Spain market, by product, 2013 - 2024
5.3.7 Switzerland
5.3.7.1 Switzerland market, by product, 2013 - 2024
5.3.8 Poland
5.3.8.1 Poland market, by product, 2013 - 2024
5.3.9 Ukraine
5.3.9.1 Ukraine market, by product, 2013 - 2024
5.3.10 Belarus
5.3.10.1 Belarus market, by product, 2013 - 2024
5.3.11 Russia
5.3.11.1 Russia market, by product, 2013 - 2024
5.4 Asia Pacific
5.4.1 Asia Pacific market, by product, 2013 - 2024
5.4.2 China
5.4.2.1 China market, by product, 2013 - 2024
5.4.3 India
5.4.3.1 India market, by product, 2013 - 2024
5.4.4 Japan
5.4.4.1 Japan market, by product, 2013 - 2024
5.4.5 Taiwan
5.4.5.1 Taiwan market, by product, 2013 - 2024
5.4.6 Thailand
5.4.6.1 Thailand market, by product, 2013 - 2024
5.4.7 Malaysia
5.4.7.1 Malaysia market, by product, 2013 - 2024
5.4.8 Indonesia
5.4.8.1 Indonesia market, by product, 2013 - 2024
5.4.9 Singapore
5.4.9.1 Singapore market, by product, 2013 - 2024
5.4.10 Australia
5.4.10.1 Australia market, by product, 2013 - 2024
5.4.11 South Korea
5.4.11.1 South Korea market, by product, 2013 - 2024
5.5 Latin America
5.5.1 Latin America market, by product, 2013 - 2024
5.5.2 Brazil
5.5.2.1 Brazil market, by product, 2013 - 2024
5.5.3 Mexico
5.5.3.1 Mexico market, by product, 2013 - 2024
5.5.4 Argentina
5.5.4.1 Argentina market, by product, 2013 - 2024
5.5.5 Chile
5.5.5.1 Chile market, by product, 2013 - 2024
5.6 Middle East & Africa
5.6.1 Middle East & Africa market, by product, 2013 – 2024
Outside of scope of this report another major factor responsible for the growth of electric household appliances market is the noteworthy contribution by prominent industry contenders toward this vertical. Say for instance, LG Electronics USA has made it to the front page for planning to double its line of LG InstaView™ Refrigerators to combat the ever-increasing customer demand. Currently, through this product range, the company offers its consumers more options to customize kitchens with a finish and configuration of their choice. Another company making waves of anticipation across the electric household appliances market in this regard is Electrolux, that has recently declared the launch of its Pure F9 cordless vacuum equipped with two highly pivotal technological advancements - transformable design features and substantial battery power.
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Electric Household Appliances Market 2024 Top Key Player AB Electrolux, Toshiba, Panasonic Corporation, Haier Group, v-Guard Samsung Electronics Co., Ltd., Whirlpool
The Electric Household Appliances market dynamics, forces, companies and trends have been determined after conducting a detailed study of the industry for this newly released research report now available with Market Study Report.