What is White Goods Market Scope?
Large home appliances such as stoves (British: cookers), refrigerators, freezers, washing machines, tumble dryers, dishwashers, and air conditioners are examples of white goods. They are large electrical goods for the home that was previously only available in white. Even though they can now be purchased in a variety of colors, they are still referred to as white goods.
Influencing Trend:
The price gap between products in this sector of White Goods is narrowing as a result of advanced technology and increased competition, which has driven demand and enabled rapid growth.
Market Growth Drivers:
Increasing electrification of villages and relatively higher purchasing power of consumer and Increasing penetration of organized retail
Challenges:
Fluctuated price of the white goods and Rapidly change in technologies
Restraints:
Entry of large players increasing competition
Opportunities:
The urban and rural markets in developing regions are growing
The White Goods market study is being classified by Type (Refrigerator, Air Conditioner, Washing Machine and Others), by Application and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Vendors from United States and China will contribute to the maximum growth of Global White Goods market throughout the predicted period.
Hisense (China), Haier Group (China), Electrolux (Sweden), Bosch (India), Midea (United States), Whirlpool Corporation (United States), Philips (Netherlands), LG Electronics (South Korea), Media (United States) and Arcelik(Turkey) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Samsung Group (South Korea) and Panasonic Corporation(Japan).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global White Goods market by Type, Application and Region.
On the basis of geography, the market of White Goods has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Pharmaceutical Glass Packaging Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
White Goods Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in White Goods Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in White Goods industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.