Small Domestic Appliances Market - Global Industry Analysis

Small Domestic Appliances Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Technology & Media Report Format : PDF Report Code: ZMR-5927 Status : Upcoming

Description

Global Small Domestic Appliances Market: Overview

Small domestic appliances are generally semi-portable or portable machines that are used to perform the household task. These appliances are easily placed on counter-tops, table-tops, or any other platforms. Juicers, coffee machines, blenders, stand mixers, toasters, and kettles are some of the small domestic appliances used in household chores.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Small Domestic Appliances Market: Growth Factors

The global small domestic appliances market is growing substantially. The rise in the standard of living in developing countries, increase in disposable income in developing countries, and increase in buying power are some of the primary factors that are fueling the growth of the global small domestic appliances market. In addition to the busy schedule of the population, there is an increase in the number of women joining the workforce. Most of them seek options that can perform household tasks easily and conveniently. Small domestic appliances such as coffee makers, juicers, and blenders contribute majorly as they are easy & convenient to use and can perform the task in an easy go manner. These appliances also save time and effort. In addition to this, the growing need for luxury coupled with a healthy & convenient lifestyle, strong product launches, and broadened offerings are also the key features that are contributing to the overall growth of the market. Moreover, the growing penetration of the internet & use of smartphones & tablets leading to rising in online shopping and boom in the e-commerce industry are also the factors that are majorly driving the growth of the market. Furthermore, an increase in the number of smart homes, advertising campaigns, and continuous product development are the factors that may lead to huge opportunities for the growth of the global small domestic appliances market during the forecast period. However, growing concerns of high energy consumption as well as carbon footprints related to the use of these electrical appliances may hinder the growth of the global small domestic appliances market.

The sudden spread of the coronavirus led to the declaration of the state of emergency across several countries with complete lockdown and restriction on movements. The manufacturers of small domestic appliances have to face several challenges due to disruption in the supply chain & market and decline in the overall production and demand of the small domestic appliances. In addition to this, change in consumer behavior due to rise in economic crisis and their preference towards essential goods also decreased the sales of the products. Thus, the global small domestic appliances market is adversely hit by the outbreak of the Covid-19 pandemic.

Global Small Domestic Appliances Market: Segmentation

The global small domestic appliances market is bifurcated based on product type, distribution channel, end-user, and region. Based on the product type, the global small domestic appliances market is classified into garments care appliances, floor care appliances, kitchen appliances, and others. Among these, the kitchen appliances segment is expected to dominate the market due to busy lifestyles and an increase in the number of working women. Based on the distribution channel, the global market is divided into offline and online. Among these, the online segment is anticipated to account for the maximum share of the market due to the increase in e-commerce platforms and several discounts & coupons offered to the consumer during online shopping. The end-user segment is fragmented into commercial and residential. Among these, the residential sector is expected to hold the largest share.

Global Small Domestic Appliances Market: Regional Analysis

Asia Pacific is projected to account for the maximum share in the global small domestic appliances market during the forecast period. Factors such as rise in disposable income, growing purchasing power, rise in the standard of living with rapid urbanization, and implementation of effective marketing strategies of the product are boosting the regional market growth. The market in North America and Europe is also estimated to account for a significant share in the market growth. This is attributable to the presence of advanced technology supporting the continuous development of the products and growing demand for small domestic appliances especially coffee makers & juicers from the residential sector. The market in Latin America is also expected to show a slow growth rate due to a strong retailer network.

Global Small Domestic Appliances Market: Competitive Players

Whirlpool Corporation, Robert Bosch GmbH, Groupe SEB, Candy Hoover Group Srl, Stanley Black & Decker, Inc., Koninklijke Philips N.V., Morphy Richards, Russell Hobbs, Kenwood Limited, and Dyson Limited are some of the prominent players operating in the global small domestic appliances market.

Global Small Domestic Appliances Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global small domestic appliances market is growing substantially. The rise in the standard of living in developing countries, increase in disposable income in developing countries, and increase in buying power are some of the primary factors that are fueling the growth of the global small domestic appliances market. Furthermore, an increase in the number of smart homes, advertising campaigns, and continuous product development are the factors that may lead to huge opportunities for the growth of the global small domestic appliances market during the forecast period.

Whirlpool Corporation, Robert Bosch GmbH, Groupe SEB, Candy Hoover Group Srl, Stanley Black & Decker, Inc., Koninklijke Philips N.V., Morphy Richards, Russell Hobbs, Kenwood Limited, and Dyson Limited are some of the prominent players operating in the global small domestic appliances market.

Asia Pacific is projected to account for the maximum share in the global small domestic appliances market during the forecast period. Factors such as rise in disposable income, growing purchasing power, rise in the standard of living with rapid urbanization, and implementation of effective marketing strategies of the product.

 

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