1 July 2019 - Global Domestic
Appliance Market is expected to
grow at a significant CAGR in the upcoming period as the scope and its
applications are rising enormously across the globe. Domestic Appliances are
the equipment’s like refrigerator, washing machine, and food processor
exclusively used at home. This machinery helps to simplify daily housekeeping
tasks like food preservation, cooking, and laundry. These appliances use fuel
or electricity.
Rising
need of the comfort, convenient lifestyle, continuous technological innovation
are documented as the major factors estimated to enhance the growth in the
years to come. Domestic Appliance Market is segmented based on application,
distribution channel, and region.
The
market may be categorized based on application like mixers, blenders, citrus
pressers, food processors, grinders and choppers, juice extractors, and others.
“Juice extractor” sector accounted for the substantial market share of Domestic
Appliance in terms of revenue and is estimated to lead the overall market in
future. This may be because of rising concern among consumers regarding healthy
lifestyle. In addition, “grinders and blenders” sector is estimated to grow at
the fastest pace in the near future.
Domestic
appliances are available at several distribution channels like online retail
stores, supermarket & hypermarket, franchise outlet, and electronic retail
outlets. “Supermarket & hypermarket” sector accounted for the significant
market share of Domestic Appliance and is estimated to lead the overall market
in the years to come. Online retail stores follow the sector. This may be
because of availability of products at lower cost or discounted cost and is
convenient for customers.
Globally,
North America accounted for the substantial market share of Domestic Appliance
and is estimated to lead the overall market in the years to come. The United
States and Canada are the major consumers of Domestic Appliance in this region.
This may be because of influence of cooking shows and growing home cooking
trend.
Europe
and the Asia Pacific are estimated to have a positive influence on the future
growth. Europe is the second largest region with significant market share.
However, Asia Pacific is estimated to grow at the highest CAGR in the foremost
period. The developing countries like India and China are the major consumers
of Domestic Appliance in this region. Japan is estimated to grow at the fastest
pace, due to increasing popularity of cooking classes.
The
key players of Domestic Appliance Market are Breville Group Ltd., Bajaj
Electricals Ltd., Whirlpool Corp., Koninklijke Philips N.V., Joyoung Co Ltd,
Groupe SEB, De’Longhi UK Ltd., Sunbeam Mexicana S.A. de CV, and Kenwood Ltd.
These players are concentrating on inorganic growth to sustain themselves
amidst fierce competition.
Market Segment:
The reports help answer the following
questions:
•
What is the current size of the domestic appliance market in the world and in
the top 10 global countries?
•
How much domestic appliances are produced in the world and in the top 10 global
countries?
•
How is the market split into different types of domestic appliances?
•
How are the overall market and different product types growing?
•
How is the market predicted to develop in the future?
•
Who are the market players?
The latest industry data included in the
reports:
•
Demand for domestic appliances, 2010-2021
•
Production of domestic appliances, 2010-2021
•
Domestic appliance market size by product type, 2010-2021
•
Growth rates of the overall market and different product segments, 2010-2021
•
Shares of different product segments of the overall market, 2010, 2016, and
2021
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