Electric Household Appliances Market
Electric Household Appliances Market - Global Industry Assessment & Forecast
Segments Covered
- By Product Type Major Appliances, Small Appliances
- By Distribution Channel E-commerce, Hypermarket / Supermarket, Specialty Stores, Others
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 660.2 Billion |
Revenue 2030: | USD 1081.11 Billion |
Revenue CAGR (2023 - 2030): | 6.35% |
Fastest Growing Region (2023 - 2030) | North America |
Largest Region (2022): | Asia Pacific |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Research Methodology: Electric Household Appliances Market by Product Type by Distribution Channel by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the Electric Household Appliances supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- Electric Household Appliances market size at regional and country level
- Understanding market developments, future growth prospects, and upcoming challenges
- Overview of the Electric Household Appliances supply chain and overall ecosystem
Data Triangulation and Market Size Estimations
The information procured from the secondary and primary resources is undergone through data triangulation methods to attain more accurate results on quantitative and qualitative analysis for specific market research studies. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end-use industry, and estimate future trends within the market. After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Electric Household Appliances market.
FAQ
Frequently Asked Question
What is the global demand for Electric Household Appliances in terms of revenue?
-
The global Electric Household Appliances valued at USD 660.2 Billion in 2022 and is expected to reach USD 1081.11 Billion in 2030 growing at a CAGR of 6.35%.
Which are the prominent players in the market?
-
The prominent players in the market are Whirlpool India, Mitsubishi Electric Corporation, Haier Group, Groupe SEB, Hamilton Beach Brands Inc., AB Electrolux, Indesit Company SpA, Voltas Limited (Tata Group), LG Electronics Inc., Royal Philips Electronics NV, Samsung Electronics Co. Ltd., Bosch, Jarden Consumer Solutions, Miele & CIE KG, Panasonic Corporation, Spectrum Brand Holdings, IFB Industries Ltd (IFB Home Appliances), Godrej Group, Hitachi Home & Life Solutions (India) Ltd, Blue Star Limited..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 6.35% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Electric Household Appliances include
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Electric Household Appliances in 2022.