The global household appliances market reached a value of nearly $ 307.6 billion in 2019, having grown at a compound annual growth rate of 6.9% since 2015, and is expected to grow at a compound annual growth rate of 8.9% to nearly $433.4 billion by 2023.
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The household appliances market consists of sales of household appliances by entities (organizations, sole traders and partnerships) that produce household appliances such as electric housewares, washing machines and major household appliances. The household appliances industry comprises businesses that manufacture and sell household appliances such as microwave ovens, blenders, mixers and coffee/tea makers to end users for their personal use or domestic purposes.
Global Household Appliances Market Segmentation –
By Type Of Appliance: Small Electrical Appliances, Household Cooking Appliances, Household Refrigerators And Home Freezers, Household Laundry Equipment, Other Major Household Appliances.
Global Household Appliances Market Driver –
The rising demand for frozen and ready-to-eat food is expected to contribute to the growth of the household appliances market in the forecast period. The fast-paced life style of individuals combined with the increasing preference for convenience, boosted the demand for microwavable foods globally. Microwavable foods such as frozen meals and soups require minimal cooking time and provide high nutritional benefit as they are involve little added fat. Other factors such as globalization, rising female workforce and increasing disposable income will also drive the market for microwavable foods.
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Few Points From The Global Household Appliances Market TOC
1. Household Appliances Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction
6.1.1. Segmentation By Geography
6.1.2. Segmentation By Type Of Appliance
7. Household Appliances Market Characteristics
7.1. Market Definition
7.2. Market Segmentation By Type Of Appliance
7.2.1. Small Electrical Appliances
7.2.2. Household Cooking Appliances
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