What is the product segment?

Global White Goods Market segmented By Product such as Air Conditioner, Refrigerator, Washing Machine, Dishwasher, Microwave Oven, Others. Read More

Who are the major players operating in the market?

The major players covered in the white goods market report are Whirlpool Corporation, Johnson Controls, IFB Industries, Samsung, LG Electronics, Panasonic Corporation, Symphony Limited, Blue Star Limited, ARÇELİK A.Ş., Godrej & Boyce Mfg. Co. Ltd., AB Electrolux, Hitachi, Ltd., Sharp Corporation, Haier Inc., Midea Group, Siemens, TCL Corporation, Mitsubishi Electric Corporation, Robert Bosch GMBH and The MiddleBy Corporation among other domestic and global players. Read More

White Goods Market Analysis, Size, Share, Trends, Research Report, & Industry Forecast

Q: What are the major countries covered in the Market?

The major countries covered in the White Goods Market are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America. Read More

Global White Goods Market, By Product (Air Conditioner, Refrigerator, Washing Machine, Dishwasher, Microwave Oven, Others), End-User (Residential, Commercial), Distribution Channel (Supermarket and Hypermarket, Specialty Store, Retail Store, E-commerce, others), – Industry Trends and Forecast to 2029

White Goods Market

Market Analysis and Size

As a result of the entry of several mid-sized players, the white goods market is undergoing significant transformation. Globally, the level of price competition among small brands is increasing. Growing presence of Asian-based players across the globe, driven by strong growth in the region's market, and strategic acquisitions globally are a few market trends.

Data Bridge Market Research analyses that the white goods market was valued at USD 647.5 billion in 2021 and is expected to reach the value of USD 1220.85 billion by 2029, at a CAGR of 8.25% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product (Air Conditioner, Refrigerator, Washing Machine, Dishwasher, Microwave Oven, Others), End-User (Residential, Commercial), Distribution Channel (Supermarket and Hypermarket, Specialty Store, Retail Store, E-commerce, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Friedr. Dick GmbH & Co (Germany), GLOBAL APPLIANCES USA (U.S.), KAI USA LTD (U.S.), Kiya corp. (Japan), M.A.C. Knife (U.S.), Messermeister (Germany), Victorinox AG (Switzerland) Anker Innovation Technology Co., Ltd. (China), Samsung Electronics Co., Ltd (South Korea), Shenzhen Proscenic Technology Co. Ltd. (China), Neato Robotics, Inc. (U.S.), Cecotec Innovaciones S.L. (Spain), L.G. Electronics Inc (South Korea), Dyson Limited (U.K.), Panasonic Corporation (Japan), and Sharp Corporation (U.S.)

Opportunities

Rising pollution and global warming concerns have prompted the development of energy-efficient appliances

Ongoing rural electrification projects would also provide stable growth prospects for viable kitchen appliance

The increasing number of e-commerce retailers, as well as next-generation device developments

Market Definition

White goods are generally home and kitchen appliances used for a variety of common tasks and purposes such as laundry, heating and cooling, cleaning, in hospitality sectors, cooking and food preservation, and many other applications that are widely used in daily life. The white goods market offers a diverse range of products that can be combined with cutting-edge technology to attract new customers and open up new sales channels.

Drivers

Changing lifestyle of consumers according to the latest trends and with their rising spending power

The white goods industry provides a wide range of products that can be combined with cutting-edge technologies to reach new buyers and open up new distribution channels. The increasing improved lifestyle of people and its usage in day-to-day life applications is a critical factor responsible for consumer development, as are technological advances in home appliances, rising improvements in lifestyle and disposable income, rising expenditure on home renovation, rising building activities, and demand for developing economies.

The rapid advancements in products to provide convenience as well as are safe for environment

Furthermore, the introduction of novel shapes and sizes and new features for improved usability are expected to boost the market. The growing number of hotels and restaurants and government and association regulations governing cleanliness and hygiene are major factors driving the white goods market. Consumers' growing preference for e-commerce fuels the growth of the white goods. The growing desire to improve the visual appearance of various food dishes is also expected to drive market demand in the coming years. In addition, the introduction of modular and energy-efficient electric equipment is fuelling market growth.

Opportunity

Environmental concerns about rising pollution and global warming have prompted the development of energy-efficient appliances. Technological advancements in line with this trend may enable manufacturers to make significant gains over the forecast timeline. Furthermore, regulatory bodies are expected to consider such portfolio in the industry, potentially boosting the current growth rate. The increasing number of e-commerce retailers and next-generation device developments for increased consumer convenience, connectivity, and energy-saving features are likely to present a potential growth landscape. Ongoing rural electrification projects would also provide stable growth prospects for viable kitchen appliance market penetration in the long run.

Restraints

However, rising energy consumption, rising electricity prices, and a growing lack of proper electrification are among the major factors that will obstruct market growth and further challenge the growth of the white goods market during the forecast period.

This white goods market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the white goods market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on White Goods Market

COVID-19 began in Wuhan (China) in December 2019 and has since spread rapidly throughout the world. As a result of the pandemic, the chemical and materials industry is one of the major industries experiencing severe disruptions such as supply chain breakdowns, technology event cancellations, and office closures. The closure of various plants and factories in leading regions such as North America, Europe, Asia-Pacific, South America, and the Middle East and Africa has had a negative impact on the global supply chain and has hampered manufacturing, delivery schedules, and sales of various goods. Furthermore, several companies have already announced possible delays in product deliveries and a drop in future product sales.

Recent Development

Whirlpool of India, a subsidiary of Whirlpool Corporation, the world's leading kitchen and laundry home appliance company, introduces Intellifresh Pro, India's most advanced Bottom Mount Refrigerator powered by advanced Adaptive Intelligence Technology and available in Omega Steel and Steel Onyx finishes.

Whirlpool launched the latest 3D Cool Inverter Air Conditioners range on March 17, 2020. This equipment is built with 3D Cool Technology, which provides 60 percent faster cooling during the 50-degree summer season.

Global White Goods Market Scope

The white goods market is segmented on the basis of product, end-user and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

Refrigerator

Cooking Appliance

Dishwasher

Air Conditioner

Washing Machine

Microwave Oven

Others

Application

Commercial

Residential

Distribution channel

Supermarket and Hypermarket

Specialty Store

Retail Store

E-commerce

others

White Goods Market Regional Analysis/Insights

The white goods market is analysed and market size insights and trends are provided by country, product, end-user and distribution channel as referenced above.

The countries covered in the white goods market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America has a sizable market share and is expected to grow rapidly in the coming years. Consumer purchasing power is expected to increase the growth of the North American market in the coming years. Similarly, Asia-Pacific is expected to grow rapidly over the forecast period. Rising demand from emerging economies, driven by rising disposable income and improved lifestyles, is expected to provide market participants with potential growth opportunities in the coming years. Due to these factors, this region is expected to experience rapid growth in the near future.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and White Goods Market Share Analysis

The white goods market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to white goods market.

Some of the major players operating in the white goods market are:

Friedr. Dick GmbH & Co (Germany)

GLOBAL APPLIANCES USA (U.S.)

KAI USA LTD (U.S.)

Kiya corp. (Japan)

M.A.C. Knife (U.S.)

Messermeister (Germany)

Victorinox AG (Switzerland)

Anker Innovation Technology Co., Ltd. (China)

Samsung Electronics Co., Ltd (South Korea)

Shenzhen Proscenic Technology Co. Ltd. (China)

Neato Robotics, Inc. (U.S.)

Cecotec Innovaciones S.L. (Spain)

L.G. Electronics Inc (South Korea)

Dyson Limited (U.K.)

Panasonic Corporation (Japan)

Sharp Corporation (U.S.)

SKU-36252

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Global White Goods Market – Industry Trends and Forecast to 2029

COVID-19 Impact on White Goods Market

Global White Goods Market Scope

White Goods Market Regional Analysis/Insights

Competitive Landscape and White Goods Market Share Analysis

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Research Methodology:

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Frequently Asked Questions

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