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Global (United States, European Union and China) Electric Household Appliances Market Research Report 2019-2025
SKU ID : QYR-14615087 | Publishing Date : 30-Aug-2019 | No. of pages : 129
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Electrical appliances are defined as devices which use electricity to perform specific functions.
One of the primary drivers of the market is higher standards of living, especially in the Asia Pacific region. As the average monthly income of households has increased, they have been able to make purchases beyond the basic human necessities. This has led households to purchase electrical appliances, which have historically been looked upon as luxury items. Another major factor driving the global electrical appliances market are the lucrative offers and the easy availability of credit schemes to purchase them. In fact, the purchase decision of nearly 70% of potential customers is positively influenced by the presence of such offers.
The development of smart and connected appliances is expected to provide an impetus to the market. The market is expected to witness higher growth rate in developing countries, especially those in the Asia Pacific region. This is expected to be driven by the first-time purchase of electrical appliances by majority of the households in the region. Meanwhile, replacement demand is expected to be the major driver of demand in the developed regions of North America and Europe. The average lifespan of an electrical appliance is around 10 years, after which it needs to be replaced. In 2017, Asia Pacific generated the largest demand for electrical appliances and this trend is expected to continue during the forecast period.
In 2019, the market size of Electric Household Appliances is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Electric Household Appliances.
This report studies the global market size of Electric Household Appliances, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Electric Household Appliances sales volume, revenue, market share and growth rate for each key company, and also covers the breakdown data (sales, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Haier Group
BSH Bosch & Siemens
Midea Group
Whirlpool Corporation
AB Electrolux
Gree Electric Appliances Inc.
LG Electronics
Samsung Electronics
Panasonic Corporation
Koninklijke Philips N.V.
Godrej Group
IFB Industries Limited
Midea Group
Hitachi Limited
Glen Dimplex Group
Market Segment by Product Type
Refrigerators
Wine-coolers
Washing Machines
Tumble Dryers
Vacuum Cleaners
Steam Mops
Shavers
Trimmers
Water Heaters
Others
Market Segment by Application
Cook
Clean
Others
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Electric Household Appliances status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Electric Household Appliances manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Electric Household Appliances are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
One of the primary drivers of the market is higher standards of living, especially in the Asia Pacific region. As the average monthly income of households has increased, they have been able to make purchases beyond the basic human necessities. This has led households to purchase electrical appliances, which have historically been looked upon as luxury items. Another major factor driving the global electrical appliances market are the lucrative offers and the easy availability of credit schemes to purchase them. In fact, the purchase decision of nearly 70% of potential customers is positively influenced by the presence of such offers.
The development of smart and connected appliances is expected to provide an impetus to the market. The market is expected to witness higher growth rate in developing countries, especially those in the Asia Pacific region. This is expected to be driven by the first-time purchase of electrical appliances by majority of the households in the region. Meanwhile, replacement demand is expected to be the major driver of demand in the developed regions of North America and Europe. The average lifespan of an electrical appliance is around 10 years, after which it needs to be replaced. In 2017, Asia Pacific generated the largest demand for electrical appliances and this trend is expected to continue during the forecast period.
In 2019, the market size of Electric Household Appliances is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Electric Household Appliances.
This report studies the global market size of Electric Household Appliances, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Electric Household Appliances sales volume, revenue, market share and growth rate for each key company, and also covers the breakdown data (sales, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Haier Group
BSH Bosch & Siemens
Midea Group
Whirlpool Corporation
AB Electrolux
Gree Electric Appliances Inc.
LG Electronics
Samsung Electronics
Panasonic Corporation
Koninklijke Philips N.V.
Godrej Group
IFB Industries Limited
Midea Group
Hitachi Limited
Glen Dimplex Group
Market Segment by Product Type
Refrigerators
Wine-coolers
Washing Machines
Tumble Dryers
Vacuum Cleaners
Steam Mops
Shavers
Trimmers
Water Heaters
Others
Market Segment by Application
Cook
Clean
Others
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Electric Household Appliances status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Electric Household Appliances manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Electric Household Appliances are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
