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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Consumer Appliances Market Segmentation
By Product Type
- Air Solution
- HVAC System
- Air Purifier
- Air Cooler
- Fans and Exhaust Fans
- Entertainment
- Television
- Speaker, Smart Speaker &Radio
- Gaming Console
- Digital Camera
- Laundry & Cleanliness
- Washing Machine & Dryers
- Dishwasher
- Vacuum Cleaner
- Connectivity
- Smartphone
- Tablets
- Desktop & Laptop (& Accessories)
- Water Solution
- Water Purifier
- Water Geyser
- Water Pump
- Kitchen Appliances
- Refrigerators
- Microwave
- Mixer & Juicer
- Stove & Hobs
- Other (Electric Chimney, Kettle, Toaster)
- Grooming Accessories (Trimmer, Blower, Straightener, Electric Brush)
- Wearables
- Other Consumer Appliances
By Usage
- Personal Care/Individual
- Domestic Use
By Distribution Channel
- Online
- Offline
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Arcelik A.S
- Apple Inc.
- BBK Electronics Corp.
- BSH Hausgeräte GmbH
- Carrier Corp.
- Canon Inc.
- Daikin Industries, Ltd.
- Dell Inc.
- Dyson Ltd.
- Electrolux AB
- General Electric Co.
- Google, LLC
- Gree Electric Appliances Inc.
- Haier Group Corp.
- Hitachi, Ltd.
- Huawei Technologies Co., Ltd.
- Ingersoll Rand Plc.
- Koninklijke Philips N.V.
- Lenovo Group Ltd.
- LG Electronics Inc.
- Midea Group
- Miele & Cie. KG
- Mitsubishi Electric Corp.
- Nikon Corp.
- Panasonic Corp.
- Rinnai Corp.
- Samsung Electronics Co., Ltd.
- Sony Corp.
- Spectrum Brands Holdings, Inc.
- TCL Technology Group Corp.
- Toshiba Corp.
- Vorwerk & Co. KG
- Whirlpool Corp.
- Xiaomi Corp.
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