About Electric Household Appliances
An Electric Appliance is a machine or equipment that makes use of to operate a characteristic in non-public life, different than industrial, with the assist of electrical energy. It makes lifestyles greater easier, carry comfort, and saves time. Electric Appliance may additionally make use of one or extra exclusive engineering branches of technological know-how to operate its supposed function. The applied sciences basically worried in Electric Appliances are mechanical, electrical, electronics, instrumentation, etc. Electric Appliance may additionally interchangeably name as a device or gear or a machine when performing some variety of works or duties in non-public life. Electric Appliances are for comfort which it makes lifestyles less difficult and comfort. If an equipment does now not use electric powered electricity to function, it means, have to work more difficult and devour extra time and effort. This is why use electric powered electricity to most of the modern-day appliances. Electric Appliances may additionally be indoors or outdoors, constant or transportable or hand held or hand operated or remotely operated or laptop controlled.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Electric Household Appliances market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Whirlpool (United States), Amana (United States), LG (South Korea), Frigidaire (United States), Maytag (United States), Miele (Germany), Samsung (South Korea), Gaggenau (Germany), Bosch (Germany) and KitchenAid (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Philips (Netherlands), Panasonic Corporation (Japan) and Haier (China).
Segmentation Overview
AMA Research has segmented the market of Global Electric Household Appliances market by Type (Refrigerators & Freezers, Washers & Dryers, Dishwashers, Room Air-Conditioners and Others), Application (Cooking, Cleaning and Others) and Region.
On the basis of geography, the market of Electric Household Appliances 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). If we see Market by Distribution Channel, the sub-segment i.e. Supermarket/Hypermarket will boost the Electric Household Appliances market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Increasing Disposable income coupled with Hectic Lifestyle of Individuals and Growth in the Housing Sector
Challenges:
Demand for Energy Efficiency and Eco-friendly Products
Restraints:
Increasing demand for Online Channel and High Cost Associated with Appliances
Opportunities:
Innovation of New Technologies
Market Leaders and their expansionary development strategies
In October 2023, Midea Group acquired Toshiba Lifestyle Products, a leading Japanese appliance brand. This acquisition strengthens Midea's presence in the Japanese market and gives them access to Toshiba's brand recognition and established distribution network.
In October 2023, LG launched its new line of InstaView ThinQ Refrigerators featuring a built-in touchscreen display that allows you to see inside the refrigerator without opening the door. The new models also come with AI-powered features like smart temperature control and personalized recipe recommendations.
Key Target Audience
Manufacturers of Electric Household Appliances, Distributors and Suppliers of Electric Household Appliances, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.