1. Market Research
  2. > Home and Office Goods
  3. > Home Goods
  4. > Major Appliance Market Trends
  5. > World Major Household Appliance Industry

World Major Household Appliance Industry

  • February 2016
  • -
  • Freedonia
  • -
  • 502 pages

Summary

Table of Contents

The study presents historical data (2004, 2009, 2014) plus forecasts (2019, 2024) for supply and demand, as well as demand by appliance type, in six world regions and 25 major countries. The study also assesses market environment factors, evaluates company market share and profiles 31 competitors in the global industry.

It presents historical data (2004, 2009, 2014) plus forecasts (2019, 2024) for supply and demand, as well as demand by appliance type, in six world regions and 25 major countries. The study also assesses market environment factors, evaluates company market share and profiles 31 competitors in the global industry.

Worldwide demand to reach 445 million units in 2019

Worldwide demand for major household appliances is forecast to increase at a 3.0 percent yearly rate through 2019 to 445.0 million units, approximating market gains during the 2009-2014 period, and the number of appliances in use will grow to 4.9 billion units. Steady gains in personal income levels will support appliance sales increases. In addition, global housing construction spending will continue to rise along with the world’s population, providing new sales opportunities for appliance suppliers.

India, Indonesia to see most rapid national market gains

China will remain the world’s largest purchaser and producer of major house-hold appliances in 2019. The country is home to the world’s biggest population and housing industry, resulting in a large domestic market for major appliances. In addition, China has a large low-cost labor pool that many multinational appliance firms have utilized for their production operations. However, India and Indonesia will post the fastest advances in demand of any major national markets.

In general, the developing world will see the fastest increases in major household appliance demand through 2019. The installed base in developing nations is low, as low income levels have prohibited widespread purchases of large durable goods. However, rising income levels will lead to the creation or expansion of the middle class population in a number of countries, boosting first time appliance purchases. Demand gains in the devel oped world will be more modest, with the majority of sales stemming from replacement purchases. In addition, population and household growth will be slower in the developed world countries, limiting new housing-related sales opportunities.

Clothes dryers, dishwashers,freezers to offer best growth

Refrigerators and large cooking appliances are typically the first appliances bought once personal incomes reach a sufficient level, followed by washing machines. Because of the relatively large numbers of these products already in use, market advances through 2019 will not be as strong as those expected for freezers, dishwashers, and clothes dryers. Freezers will register the fastest market gains of any major appliance type through 2019.

Demand for freezers will be boosted in low and middle income countries, where use levels are extremely low, by a growing need for additional freezer space as per capita incomes and food spending rise, coupled with the comparatively low cost of separate freezers. On the other hand, use of separate freezers is becoming less popular in many developed countries, preventing overall demand from growing at an even faster pace. A trend toward consumption of fresh foods reduces the need for a separate freezing appliance.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
Get This Report
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
Air Conditioners & Refrigeration Companies in China

Air Conditioners & Refrigeration Companies in China

  • $ 1800
  • Industry report
  • February 2017
  • by Asia Market Information & Development Company

This study focuses on China’s Air Conditioners & Refrigeration industry assessments and company profiles. In the two past decades, the industry has been growing at a fast pace. The dramatic expansions ...

Household Appliances Industry Forecasts - China Focus

Household Appliances Industry Forecasts - China Focus

  • $ 1800
  • Industry report
  • February 2017
  • by Asia Market Information & Development Company

This study focuses on China’s Household Appliances industry forecasts. In the two past decades, the industry has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities ...

Chinese Home Appliance Industry and Market, October 2016

Chinese Home Appliance Industry and Market, October 2016

  • $ 1200
  • Industry report
  • December 2016
  • by Market Intelligence & Consulting Institute

China's MIIT (Ministry of Information Industry Technology) announced on December 9 that the proportion of home appliance products sold in China was 94.9% during January and October 2016, down 0.4% compared ...


Download Unlimited Documents from Trusted Public Sources

The future of the Appliance Industry in Europe

  • April 2017
    121 pages
  • Dishwasher  

    Washing Machine  

    Major Appliance  

  • Europe  

    World  

View report >

Appliance Markets

  • April 2017
    72 pages
  • Refrigerator  

    Freezer  

    Refrigeration E...  

  • Australia  

    Oceania  

    New Zealand  

View report >

Washing Machine Statistics in China

  • February 2017
    7 pages
  • Washing Machine  

  • China  

    United States  

    Asia  

View report >

Refrigerator Industry

6 months ago

Related Market Segments :

Home Appliance

ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.