Small Domestic Appliances Market Size, Share, Competitive Landscape and Trend Analysis Report, by Product Type, Distribution Channel and End User : Global Opportunity Analysis and Industry Forecast, 2021-2030

The small domestic appliances market size was valued at $176,804.3 million in 2020 and is estimated to reach $581,657.6 million by 2030, registering a CAGR of 13.0% from 2021 to 2030.          

Growing population and increasing population density in metro cities has been majorly driving the small domestic appliances market growth. People are majorly migrating from rural areas to metro cities in the search of job opportunities and staying there for lifelong. This migration creates huge opportunities for real estate, hotels and restaurants, hospital and clinics, where various small domestic appliances are required. Various small domestic appliances include kitchen appliances, air treatment, personal care, pet care, cooking baking and heating appliances.

Lifestyle of populace has changed steadily with tremendous increase in the number of working women. This has led to increase in household income and improvement in the living standards. Since both the family members (husband & wife) are busy with office work, they get less time to complete household chores by themselves. This has necessitated the use of various equipment to carry out daily household chores. Employment of household appliances helps households to save time for themselves as well as serve effectively in their workplace. Thus, above mentioned factors are majorly attributable for the growth of the small domestic appliances market during the forecast period.

Outbreak of COVID-19 has positively impacted the overall growth of the small domestic appliances market.  During lockdown period, people were choosing replace their old appliances with smart and advanced appliances, furthermore, due to increased number of COVID-19 cases, hospitals, clinics, railways stations, and airports authorities had given top priority for cleaning and hygiene of these places, thus, outbreak of COVID-19 has positively affected the overall growth of the small domestic appliances market.        

According to the small domestic appliances market analysis, the small domestic appliances market segmented into product type, distribution channel, end user and region. On the basis of product type, the market is categorized into cooking/baking and heating appliances, kitchen appliances, personal and animal care, textile handling appliances, cleaning appliances, air-treatment appliances and others. On the basis of distribution channel, the market is segmented into supermarket/hypermarket, brand outlets, retail stores, e-commerce and others. By end user, market is categorized into, residential and commercial. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (France, Germany, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, ASEAN and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, Middle East and Rest of LAMEA).

On the basis of product type, the cooking/baking and heating appliances segment is estimated to reach $84,081.90 million by 2030, at a CAGR of 13.8%. Cooking/baking and heating appliances have become an essential item and its demand has grown over the years, owing to rise in disposable income and increase in the number of working professionals. Moreover, the influence of Western culture on emerging nations such as India and Indonesia, has contributed to the adoption of cooking appliance and thus, paved the way for the growth of such devices. The demand for residential cooking/baking and heating appliances segment is high among urban population, especially in the developing nations, due to factors such as high purchasing power, better infrastructural facilities, and increase in the working population. Moreover, rise in fuel prices for conventional gas and growth in trend of modular kitchens that are comfortable & offer safety benefits to the users are the major factors that drive the growth of the market.                            

According to the small domestic appliances market trends, on the basis of distribution channel, the supermarket/hypermarket segment was the significant contributor to the market, with $35,686.20 million in 2020, and is projected grow at a CAGR of 12.1% during the forecast period. This segment mainly caters to the small domestic appliances segment. These stores significantly invest to improve their supply chain to offer products at lowest possible (market) relative rate. These stores also invest in categorizing their product and in-store product placement and try to push the sale of numerous other products while leveraging the sale of one single product. Complimenting products are placed closed to each other, as sale of one item is expected to help sell other associated products. For instance, if people prefer to buy an induction cook top from a supermarket/hypermarket, people would be finding the associated products such as induction-based utensils and may be offered with bundled pricing. This in turn fuels the growth of the small domestic appliances market during the forecast period.                             

According to the small domestic appliances market opportunities. On the basis of end user, the commercial segment was the significant contributor to the market and is estimated to reach $231,942.8 million by 2030, at a CAGR of 13.9% during the forecast period.     

The commercial segment of the small domestic appliances market includes hotels, restaurants, hospitals, commercial and government complexes, offices and small, medium enterprises. The key players in the market are continuously evolving the requirements of the commercial industry by modifying and innovating existing small domestic appliances. As a result, frequent product launches especially for the commercial segment have been witnessed in the past few years. Thus, increasing use of small appliances in the commercial segment is likely to contribute for the growth of the small domestic appliances market during the forecast period.     

Region wise, North America garnered the second highest share in the small domestic appliances market in 2020, and is expected to maintain its share throughout small domestic appliances market forecast period.  The commercial white goods market size in North America was projected at around $78,017.30 million in 2019 and is expected to reach as a prominent region in the small domestic appliances market during the forecast period 2021-2030. The increasing usage of energy-efficient small domestic appliances owing to declining energy consumption rate is anticipated to drive the demand for new and advanced kitchen and cleaning. The increasing demand for energy-efficient devices in the U.S. is driving the air treatment demand in North America. The growing awareness of ENERGY STAR certified products is augmenting the growth in the U.S. Furthermore, the regional market is estimated to witness a substantial growth owing to the need for replacing the traditional with smart connected machines.

The players operating in the global small domestic appliances industry have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Koninklijke Philips N.V., The Whirlpool Corporation, LG Electronics Inc., BOSCH, Electrolux AB, Panasonic Corporation, Spectrum Brands Holdings, Inc., The Middleby Corporation, Morphy Richards, and Samsung Electronics Co. Ltd.

Key Benefits For Stakeholders

• The report provides a quantitative analysis of the current trends, estimations, and dynamics of the market size from 2020-2030 to identify the prevailing opportunities.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
• In-depth analysis and the market size and segmentation assist to determine the prevailing market opportunities.
• The major countries in each region are mapped according to their revenue contribution to the small domestic appliances market share. 
• The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the small domestic appliances industry.

  Small Domestic Appliances Market Report Highlights