The consumer appliances market is anticipated to grow at a CAGR of 6.2% during the forecast period. The increasing purchasing power of the middle-class population is considered as the major factor driving the growth of the market all across the globe. With the expansion of internet access across the globe and the growing usage of smartphones, consumer appliance retailers are also taking their business to online platforms. This is also expected to significantly drive the growth of the consumer appliances market during the forecast period.
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Furthermore, the basic consumer appliances such as automatic washing machines, refrigerators, freezers, air conditioners, and microwaves are poised to perform well in the developing economies owing to the recent increase in urbanization & average temperatures. Whereas, developed economies will experience high demand growth in luxury consumer electronics such as coffee machines, robotic vacuum cleaners, smart appliances, premium built-in appliances, and many more owing to the rising disposable income. However, a lack of awareness about the trending smart appliance can restrict the growth of the consumer appliance market. Besides, high capital investment coupled with a significant maintenance cost afterward will also challenge the growth of the market.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Consumer Appliances Market Report Segment
By Product Type
- Air Solution
o HVAC System
o Air Purifier
o Air Cooler
o Fans and Exhaust Fans
- Entertainment
o Television
o Speaker, Smart Speaker & Radio
o Gaming Console
o Digital Camera
- Laundry & Cleanliness
o Washing Machine & Dryers
o Dishwasher
o Vacuum Cleaner
- Connectivity
o Smartphone
o Tablets
o Desktop & Laptop (& Accessories)
- Water Solution
o Water Purifier
o Water Geyser
o Water Pump
- Kitchen Appliances
o Refrigerators
o Microwave
o Mixer & Juicer
o Stove & Hobs
o Other
- Grooming Accessories
- Wearables
- Other Consumer Appliances
By Usage
- Personal Care/Individual
- Domestic Use
By Distribution Channel
- Online
- Offline
Global Consumer Appliances Market Report By Geography
North America
- United States
- Canada
Europe
- UK
- Germany
- France
- Rest of Europe
Asia-Pacific
- China
- Japan
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global consumer appliances market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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