Small Appliance Industry Market Research & Statistics

 
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Global Small Appliance Industry

 

The global small appliance industry is forecast to record volume growth across all market segments to 2016, reports Euromonitor International. In certain markets, lower price options will facilitate market entry, but consumers in established markets will pay more for appliance upgrades. Popular appliances will target health issues, time savings on housework and promise consumers restaurant experiences at home. Growth in the worldwide small appliance market over the coming years will be driven by product innovation, revamping of existing product lines and value-added features.

 

 

Key Segments

 

  • The global microwave oven market is expected to reach a volume of almost 73 million units by 2015, reports Global Industry Analysts. In the US and the EU, growth will be fuelled by niche products and overhauling existing product. In Eastern Europe and Asia Pacific growth will be driven by rising incomes and living standards. China dominates the Asia Pacific small appliance market, accounting for more than 35% of the market in 2009. Rising income levels and a cultural trend toward consumerism will also fuel demand for new generation products in China going forward.

 

  • The global small cooking appliance industry involves the manufacture and sale of kitchen tools like coffee makers, electric grills, freestanding hobs, bread makers, deep fat fryers and electric steamers. Trends in the market in 2011 were irregular due to the wide price range difference between various appliances, reports Euromonitor International. With many consumers opting to cook at home, products catering to non-traditional cooking methods are faring well in the market.

 

  • The worldwide blood pressure monitor market is forecast to record almost 6% yearly growth between 2010 and 2014, according to research from TechNavio. Market growth will be fuelled by an increasing consumer base of aging consumers with blood pressure problems. Tele-health services have been driving growth but questions as to their accuracy may become an obstacle to market expansion. Leading players operating in this market include Tech Medical, Philips Healthcare, Omron Healthcare, A&D Medical and GE Healthcare.

 

 

Industry Leaders

 

  • Leading players operating in the global small appliance industry include Sony, Bose, Samsung, Groupe Seb and DeLonghi. Established in 1946, Sony now employees 160,000 people worldwide. Samsung generated sales of $220 billion in 2011, and recorded net income of over $21 billion.

 

 

Regional Market Share

 

In the US small appliance market, the electric kettle market segment continues to record strong growth, reports Euromonitor International. Market growth is being fuelled by the penetration of tea products for the home, a strengthening tea-drinking culture and a growing coffee culture, with non-electric French press machines proving particularly popular.

 

In China’s small appliance market, popular products include electric kettles, soymilk makers, electric pressure cookers, multi-functional food processors, induction cookers, microwave ovens, juice extractors and kitchen ventilators. Research in China reports strong growth in the market, which exceeded a yearly rate of 18% between 2006 and 2009 to reach almost $14 billion in 2010.

 

In 2010, the Chinese market saw a 14% rise in electric cooker sales compared with 2009 to total output of 170 million units. Panasonic, Midea and SUPOR held 70% of the market share combined in 2010. Microwave oven demand in second and third tier markets grew as rural penetration rose in 2010, bringing yearly output to over 12% compared with 2009 to reach 670 million units. Microwave oven export volume rose more than 18% compared with 2009 to reach almost 5.5 million.

 

 

Market Outlook

 

Despite economic uncertainty, the global small appliance market does hold growth potential. Euromonitor International predicts expansion will be led by developing markets due to rising levels of disposable income, overall market size and additional appliances joining the category of essential household items. Innovation will be key over the coming years as price erosion continues.

 

 

Leading Industry Associations

 

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1-10 of 69 reports

Small Appliance Market Analysis in Europe Forecast

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The future of the Small Appliance Industry in China

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Rice Cooker Demand Forecast Statistics in South Korea and China

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Home Appliance Industry in Poland Forecast

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Small Appliance market shares in Malaysia

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Small Appliance Supply in Russia and the US

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Global Small Appliance demand

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Grill Analysis

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Grill Analysis Forecast

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Search in Small Appliance Industry (69 reports)
Topics under Small Appliance

Parent industry:  Home Goods

Related industries: DIY and Garden Equipment, Furniture and Decoration, Household Products, Houseware, Major Appliance

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