Home Appliance is electrical/mechanical machine which accomplish some household functions, such as cooking or cleaning. Home appliances can be classified into- major appliances, small appliances, and consumer electronics.
This division is also noticeable in the maintenance and repair of these kinds of products. Major appliances usually require high technical knowledge and skills. They get more complex with time, such as going from a soldering iron to a hot-air soldering station. While consumer electronics may need more practical skills and "brute force" to manipulate the devices and heavy tools required to repair them.
The market of Home Appliance has experienced a steady growth over the past years, and the trend is forecasted to continue in the following decade.
Worldwide, China is the largest consumption market of Home Appliance, driven by the high consuming capacity and desire for convenient life style. The market of Asia (EX. China), etc. are also developing fast.
To Home Appliance industry, the transformation from traditional appliances to smart appliances is considered a revolutionary trend; and that?s the reason why most home appliances enterprises are rushing to develop and seize market share.
According to this study, over the next five years the Home Appliance market will register a 5.3% CAGR in terms of revenue, the global market size will reach USD 837000 million by 2024, from USD 615100 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Home Appliance business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Home Appliance market by product type, application, key manufacturers and key regions and countries.
This study considers the Home Appliance value and volume generated from the sales of the following segments-
Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Kitchen Appliances
Refrigerators
Washing Machines
Television
Air Conditioners
Others
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Cooking
Food Storage
House Maintenance
Entertainment
Cleaning
Others
This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
Haier
Whirlpool
Midea
Panasonic
GE
SAMSUNG
SONY
LG
BSH
Hisence
Electrolux
Philips
Gree
TCL
Changhong
SKYWORTH
Meling
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Home Appliance consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Home Appliance market by identifying its various subsegments.
Focuses on the key global Home Appliance manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Home Appliance with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Home Appliance submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
