The global household appliances retailing market is expected to grow at a significant CAGR during the forecast period. Major appliances are large household appliances that are used for daily housekeeping tasks such as food preservation laundry, cooking, and so on. They are often provided with unique connections such as plumbing, ventilation arrangements, and electrical, gas, limiting their mobility around the house. Small appliances are equipment that is semi-portable or portable and are typically used on platforms such as counter-tops and tabletops. Humidifiers and electric kettles, dehumidifiers, irons, blenders, coffee machines, air purifiers, and other appliances.
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Increasing technological advancements, rapid urbanization, growth in the housing sector, rise in per capita income, improved living standards, the surge in need for comfort in household chores, change in consumer lifestyle, and an increasing number of smaller households are the key factors driving the global household appliances market. Refrigerators are regarded as a safe, simple, and easy method of preserving food and food items. Rising disposable income, the availability of smart and energy-efficient refrigerator units, and the expansion of joint families are all contributing to an increase in demand for refrigerators for home applications. Furthermore, customer preference for eco-friendly and energy-efficient appliances drives market expansion.
In July 2018, Xiaomi has introduced a new device to its Mijia brand. The anti-UV ABS polymer resin body of the Mijia Smart Air Conditioner won the 2017 Good Design gold award. The gadget also has an LED display on the front of the machine, and customers can manage the temperature and cooling periods from their smart devices using the Mi Home app.
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Market Coverage
- Segment covered
o By Type
o By Application
- Region covered
o North America
o Europe
o Asia-pacific
o Rest of world
- Competitive Landscape- Samsung Electronics, LG Electronics, Whirlpool, Haier, and Bosch, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Household Appliances Retailing Market by Segment
By Type
- Air Conditioners & Heaters
- Laundry Appliances
- Dishwashers
- Cooking Appliances
- Storage Appliances
- Entertainment & Infotainment Appliances
- Others
By Distribution
- Supermarkets & Hypermarkets
- Retail
- E-Commerce
- Direct
- Others
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