New York, NY -- (SBWIRE) -- 01/19/2021 -- Also known as domestic appliances, home appliances commonly include white goods like refrigerators, washing machines, microwave ovens, dishwashers, air conditioners, drying cabinets, kitchen stoves, induction cooktops, geysers, and mixer grinders. These appliances have an ever-increasing consumer demand as they save time and reduce manual efforts. They are widely available to consumers through various distribution channels like supermarkets, specialty stores, and numerous e-commerce channels like Amazon and Flipkart.

Market Drivers

The global home appliances market has been on the rise over the past few years and is expected to generate substantially high revenue in the upcoming years. The rising demand for smart home appliances like smart ovens and automatic vacuum cleaners, technological enhancements in home appliances, and the highly desirable features of these appliances like innovative design, smart functionality, energy efficiency, and sustainability are the most crucial parameters contributing to the growth of the global market. The market growth can be further attributed to the rapid urbanization, higher living standards, rising disposable incomes, and the growing need for comfort and convenience among consumers.

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Regional Overview

The Asia Pacific region is touted as the largest market for home appliances, given the significant boom in demand for consumer electronics over the past decades, fast-paced urbanization (especially in the emerging economies of India and China), rising awareness about smart home appliances, and the growing purchasing power of consumers.

Companies considered and profiled in this market study

Amica Wronki S.A., Whirlpool Corporation.,Arcelik A.S., Gorenje Group., Candy Group., LG Electronics., Godrej Group., Miele & Cie. KG., Fagor Electrodomésticos., Middleby Corporation, Panasonic Corporation., Samsung Electronics., Tatung Company., Haier Electronics., Electrolux AB., BSH Hausgeräte GmbH., Defy Appliances (Pty) Ltd., Konka Group Co. Ltd., Viking Range, LLC., Dongbu Daewoo Electronics.

Segments covered in the report

This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the trends in each of the sub-segments from 2019 to 2026. For the purpose of this study, Reports and Data have segmented the Home Appliance industry on the basis of type, by application and region:

Home Appliance Breakdown Data by Type

Kitchen Appliances
Refrigerators
Washing Machines
Television
Air Conditioners
Others

Home Appliance Breakdown Data by Application

Cooking
Food Storage
House Maintenance
Entertainment
Cleaning
Others

Home Appliance Production by Region

United States
Europe
China
Japan
South Korea
Other Regions

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Highlights of the TOC:

1. Report Overview
1.1 Research Scope
1.2 Key Home Appliances market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline

2. Global Growth Trends
2.1 Global Home Appliances market size
2.2 Latest Home Appliances market trends
2.3 Key growth trends

3. Competitive Landscape
3.1 Global Home Appliances market key players
3.2 Global Home Appliances size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Home Appliances market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances

Continue…

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