Household Appliances Market In Europe 2025-2029
The household appliances market in europe is forecasted to grow by USD 28.4 bn during 2024-2029, accelerating at a CAGR of 4.6% during the forecast period. The report on the household appliances market in europe provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by product innovation and portfolio extension leading to product premiumization, growing internet and smartphone penetration, and increased use of wireless connecting devices and internet of things (IoT) propelling demand for smart appliances.
Technavio's household appliances market in europe is segmented as below:
By Distribution Channel
By Product
- Major household
- Small household
By Geographical Landscape
This study identifies the adoption of multi-functional household appliances as one of the prime reasons driving the household appliances market in europe growth during the next few years. Also, increased adoption of smart household appliances and rise in merger and acquisition activities in household appliances market in europe will lead to sizable demand in the market.
The report on the household appliances market in europe covers the following areas:
- Household Appliances Market in Europe sizing
- Household Appliances Market in Europe forecast
- Household Appliances Market in Europe industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading household appliances market in europe vendors that include AB Electrolux, DeLonghi Group, Dyson Group Co., Haier Smart Home Co. Ltd., Hamilton Beach Brands Holding Co., Hisense International Co. Ltd., Hitachi Ltd., Koninklijke Philips NV, LG Corp., Midea Group Co. Ltd., Miele and Cie. KG, Newell Brands Inc., Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., SEB Developpement SA, Smeg S.p.a., Spectrum Brands Holdings Inc., Techtronic Industries Co. Ltd., and Whirlpool Corp.. Also, the household appliances market in europe analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.