About Consumer Electronics and Home Appliances
Consumer Electronics defined as electronic equipment, gadgets, devices and appliances that are used by an individual in day-to-day life, such as Audio and Video Systems, TV, Computer, Laptop, Digital Camera, DVD Players, Home and Kitchen Appliances, GPS, Mobiles Phones.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that Japanese Vendors will contribute the maximum growth to Global Consumer Electronics and Home 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.
AB Electrolux (Sweden), Haier Smart Home Co. Ltd. (Hong Kong), Samsung Electronics Co. Ltd. (South Korea), Sony Corp (Japan), Toshiba Corp (Japan), Whirlpool Corp (United States), Panasonics (Japan), LG Electronics (South Korea) and Gree Electric Appliance (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Bosch-Siemens (Germany), Electrolux AB (Sweden), Groupe SEB SA (France) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Consumer Electronics and Home Appliances market by Type (Consumer Electronics and Home Appliances) and Region.
On the basis of geography, the market of Consumer Electronics and Home 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. Multi-Branded Stores will boost the Consumer Electronics and Home Appliances market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Appliances , the sub-segment i.e. Refrigerators will boost the Consumer Electronics and Home Appliances market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Style, the sub-segment i.e. Freestanding will boost the Consumer Electronics and Home Appliances market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Voice assistance, wi-fi connectivity, Bluetooth have high usage
Market Growth Drivers:
Population increasing, the demand for appliances increases
Challenges:
Slowdown economy growth due to pandemic situation
Restraints:
High cost associated with electronics
Opportunities:
Government initiatives for electronic products, and rising changes in the design of home architecture
Market Leaders and their expansionary development strategies
In February 2022, Servify, a Mumbai based startup that works with multiple OEMs globally as their partner in delivering superior product ownership experience, announces the acquisition of 247around, a unique service platform in India, that specialises in at-home service of home appliances, consumer electronics and white goods.
In 2020, New Delhi the appliances and consumer electronics industry, which lost around 25 per cent of annual sales in the COVID-19-hit 2020, expects to regain the lost ground next year through a special focus on digital initiatives, emerging trends, change in consumer behaviour as well as the impetus to ramp up domestic.
Key Target Audience
Manufacturers, Distributors and Suppliers of 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.