Major Home Appliances Market 2023-2027: Descriptive Analysis of the Five Forces Model, Market Dynamics, and Segmentation

New YorkAnd January 13, 2023 /PRNewswire/ — According to Technavio, the Global major home appliances market It is estimated that the volume will grow by $89.95 billion From 2023 to 2027. The market is estimated to grow at a rate of A compound annual growth rate of 4.9% during the forecast period. APAC will calculate 51% For market growth during the forecast period – For more insights on market size Request a sample report

Technavio announced its latest market research report titled Global Home Appliances Market 2023-2027

Technavio announced its latest market research report titled Global Home Appliances Market 2023-2027

Global major home appliances market – five forces
Global Home Appliances Market Segmentation, Five Forces Analysis Covers –

  • The bargaining power of buyers

  • Threat of newcomers

  • The threat of competition

  • The bargaining power of suppliers

  • threat of alternatives

  • Interpretation of Porter’s 5 Models helps in devising business strategy, for full details – Buy the report!

Major global home appliances market – customer landscape

The report includes the market adoption life cycle, from the innovator stage to the late stage. Focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchasing criteria and price sensitivity drivers to help companies evaluate and develop growth strategies.

Major Global Home Appliances Market – Segmentation Assessment

Sector overview
Technavio has segmented the market based on Product (Refrigerators and Freezers, Washing and Drying Appliances, Heating and Cooling Appliances, and Cooking Appliances)And Distribution channel (offline and online)And Geography (APAC, EuropeAnd North AmaricaAnd South americaAnd Middle east And Africa).

  • Market share growth Refrigerators and freezers It will be higher than other sectors during the forecast period. The market expansion is influenced by the increase in consumer spending as well as the launch of technically improved models under this category. Moreover, the modern living standards of customers and their fast-paced lifestyles, which makes it difficult for them to keep track of the food products stored in their refrigerators, are two factors that have increased the need for smart refrigerators.

Geography overview
by geographyThe global home appliances market is segmented into: your father , EuropeAnd North AmaricaAnd South americaAnd Middle east And Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the key global Home Appliances market.

  • The Asia Pacific region will account for 51% of the market growth over the forecast period. Rising middle-class population and increasing people’s income, which encourages them to spend more on home appliances, are mainly responsible for the expansion of the market in the region. In addition, the developing urbanization and changing lifestyle of the local population is fueling the expansion of the regional market.

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Global major home appliances marketMarket dynamics

The main factor driving market growth

  • Innovation and product launches are significantly driving market growth.

  • In the global home appliance market, technology, performance, functionality and design make up the majority of new product innovations. Customers also look for tools that use the least amount of resources while performing a wide variety of jobs.

  • Suppliers are always improving their product assortment to meet customers’ evolving and changing requirements. To ensure that the product sells well, some merchants also use aggressive marketing techniques and offer attractive discounts.

  • Rapidly advancing technology has made it necessary to improve product quality and user-friendly design. As a result, versatile, embedded home automation systems with easy-to-use software platforms are becoming more popular. All these factors will contribute to the expansion of the market throughout the forecast period.

Leading trends affecting the market

  • Smart and connected devices gaining momentum is an emerging trend in the market.

  • Growing consumer preference for smart devices to simplify daily tasks is an important component expected to contribute to the optimistic growth prospects of the market throughout the forecast period.

  • The industry is also affected by rising consumer purchasing power, the rise of nuclear families, the popularity of modular kitchens, and changes in eating patterns, among other factors.

Major challenges hinder market growth

  • Fluctuations in raw material prices and operating costs are major challenges holding back the market.

  • Home appliance market prices are affected by a variety of factors, including labor expenditures, raw material costs, distribution costs, and marketing expenses. In order to compete in the fierce market, sellers must invest in research and development to upgrade their products with the latest technology.

  • The price of raw materials is another major hurdle for manufacturers because it directly affects the cost of the final product and can reduce their profit margins.

  • The cost of transporting raw materials and finished goods is also affected by changes in oil prices. Thus, fluctuations in prices may hinder market growth during the forecast period.

The driver, trend and challenges are the factor of market dynamics which stipulates the consequences and sustainability of the business, find some insights from the sample report.!

What key data does this Home Appliances market report cover?

  • The compound annual growth rate of the market over the forecast period

  • Detailed information on the factors that will drive the growth of the Home Appliances Market between 2023 and 2027

  • Accurate estimation of the major home appliances market size and its contribution to the parent market

  • Accurate predictions about upcoming trends and changes in consumer behaviour

  • Major Home Appliances Market Growth Across Asia Pacific Region, EuropeAnd North AmaricaAnd South americaAnd Middle east And Africa

  • Comprehensive analysis of the competitive landscape of the market and detailed information on vendors

  • Comprehensive analysis of the factors that will challenge the growth of the leading vendors of the Home Appliances Market

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The home appliance market in France By Product and Distribution Channel – Forecast and Analysis 2023-2027: home appliances market in France It can grow at a rate A compound annual growth rate of 4.46% Between 2022 and 2027. The market size is expected to increase by 3.62 billion US dollars. Innovation and product launch significantly drive market growth, although factors such as fluctuations in raw material prices and operational costs may hinder market growth.

Smart kitchen appliances market By Product, Distribution Channel, and Geography – Forecast and Analysis 2023-2027The smart kitchen appliances market is estimated at: grow in A compound annual growth rate of 13.4% Between 2022 and 2027. The market size is expected to increase by 13293.08 million US dollars. Ease of use and convenience offered by smart kitchen appliances are noticeable factors driving market growth, although factors such as lack of product and technology awareness, especially in developing regions may hinder market growth.

Major home appliance market range

report coverage


page number


base year


historical period


forecast period


Growth momentum and compound annual growth rate

Acceleration at a compound annual growth rate of 4.9%

Market growth 2023-2027

$89.95 billion

Market structure, market structure


2022-2023 Annual Growth (%)


Regional analysis

Asia Pacific, Europe, North America, South America, Middle East and Africa

market share performance

Asia Pacific by 51%

Major countries

United States, China, Japan, Germany and France

Competitive scene

Lead vendors, market vendor positioning, competitive strategies, and industry risks

Profile of the main companies

AB Electrolux., Beko Plc, Frigidaire, Fujitsu General Ltd., General Electric Co., Glen Dimplex Europe Holdings Ltd., Good Air LLC, Haier Smart Home Co., Ltd. Ltd., Hisense International Co., Ltd. Ltd., Koc Holding AS, LG Electronics Inc. and MIDEA Group and Miele and Cie. KG and MIRC Electronics Ltd. and Panasonic Holdings Corp. and Robert Bosch GmbH, Samsung Electronics Co., Ltd. Ltd. Transform SR Holding Management LLC and Whirlpool Corp.

Market dynamics

Origin market analysis. market growth catalysts and obstacles; Fast-growing and slow-growing segment analysis for the forecast period

field of customization

If our report doesn’t include the data you’re looking for, you can reach out to our analysts and customize your segments.

field of customization

If our report doesn’t include the data you’re looking for, you can reach out to our analysts and customize your segments.

Browse for Technavio”Consumer GoodsResearch Reports

table of contents

1. Executive summary

2 market view

3 Market Sizing

4 Historical market size

5 Five Forces Analysis

6 Market segmentation by product

7 Market segmentation by distribution channel

8 Customer perspective

9 geographical landscape

10 drivers, challenges and trends

11 landscape vendor

12 Vendor Analysis

13 Appendix

about us
Technavio is a leading global technology research and advisory firm. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to improve their market positions. With more than 500 dedicated analysts, Technavio’s reporting library consists of more than 17,000 reports and statistics, covering 800 technologies, spanning 50 countries. Their client base consists of organizations of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in current and potential markets and assess their competitive positions within changing market scenarios. .

Technavio Research
Jesse Maeda
Marketing and media executive
United States: +1 844 364 1100
United Kingdom: +44 203 893 3200

Global Major Home Appliances Market 2023-2027

Global Major Home Appliances Market 2023-2027



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