Global Appliance Power Cord Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Appliance Power Cord Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

An appliance power cord is an electrical component used for connecting appliances to an electrical utility or power supply. It is made from an insulated electrical cable with one or both ends molded with connectors. One end is typically a male connector or a plug that goes into the electrical receptacle, wall outlet, or extension cord. The other end is a female connector that is attached to the appliance or to another male connector. This female connector is sometimes omitted in appliances and replaced by a fixed cable. They are used in every electrical appliance such as TVs, computers, refrigerators, air conditioners, etc.

Market Overview:

The latest research study on the global Appliance Power Cord market finds that the global Appliance Power Cord market reached a value of USD 2278.39 million in 2022. It’s expected that the market will achieve USD 3514.27 million by 2028, exhibiting a CAGR of 7.49% during the forecast period.

The Russia-Ukraine war has had a significant impact on the Appliance Power Cord Market. Ukraine is a major producer of copper, a key raw material used in the production of power cords. As the war escalated, there were concerns about the disruption to the global supply of copper, leading to price increases and supply chain disruptions in the power cord industry.

Demand for downstream home appliances is strong

The main factors driving the development of the global appliance power cord market are consumer electronics and household appliances. As an essential component of electronic products, the sales of appliance power cord will increase with the increase of penetration rate of household appliances and consumer electronic products and the demand for upgrading. The upgrading of downstream consumer electronics and household appliances will promote the development of the global appliance power cord market.

Fierce competition

The power cord market is highly competitive, with many manufacturers and suppliers vying for market share. One of the main reasons for this high level of competition is the relatively low barrier to entry for power cord manufacturing. With advances in technology and manufacturing processes, it has become easier and more cost-effective for new companies to enter the market and compete with established players.
In addition, power cord manufacturers must constantly innovate and improve their products in order to remain competitive. This can require significant investments in research and development, which can be challenging for smaller companies. To succeed in this competitive market, power cord manufacturers must differentiate their products from those of their competitors by offering unique features or benefits, such as improved durability, energy efficiency, or eco-friendliness. They must also be responsive to changing consumer needs and preferences, and be able to adapt quickly to changing market conditions.

Region Overview:

Latin America had the highest growth rate of all regions.

In 2022, the share of the Appliance Power Cord market in China stood at 33.34%.

Company Overview:

HL TECHNOLOGY is one of the major players operating in the Appliance Power Cord market, holding a share of 8.92% in 2022.

HL TECHNOLOGY

Founded in 1997, HL TECHNOLOGY is an enterprise specializing in providing power cord components for computers, household appliances, new energy automobile customers and terminal retail markets, as well as precision electrical wiring, rubber wires, special cables and other products for industrial equipment customers such as household appliances, ships and welding guns.

Volex

Volex manufactures electrical power cords, custom and standard cable assemblies, radio frequency connectors and assemblies, high-speed data transmission cables, and optical data, all of which serve four key markets: consumer electronics, electric vehicles; data center products; and medical. The company operates multiple manufacturing units worldwide, supported by sales and engineering offices dotting Asia, the Americas, and Europe.

Segmentation Overview:

PVC and Rubber Materials: PVC and rubber materials are the most common material used in appliance power cords.

Halogen-free Materials: Halogen-free materials are made up of polymers and natural latexes that offer protection against corrosion.

The Halogen-free Materials segment by type showed a value growth of 10% in 2022.

Among different product types, PVC and Rubber Materials segment is anticipated to contribute the largest market share in 2027.

Application Overview:

Household Appliances: Appliance power cords are widely used in household appliances such as washing machines, vacuum cleaners, and coffee makers.

Commercial Appliances: Such as food service equipment (commercial refrigerators, freezers, ovens, and other kitchen equipment), Office equipment (printers, copiers), medical equipment, etc.

The Commercial Appliances segment by type showed a value growth of 10.24% in 2022.

By application, the Household Appliances segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Appliance Power Cord market covered in Chapter 3:

HL TECHNOLOGY
YFC-BonEagle
Americord
Queenpuo
Hongchang Electronics
Volex
CHING CHENG
I-SHENG
Ningbo Chenglong
Electri-Cord
Quail Electronics
Guangdong Rifeng Electric Cable
Fund Resources Group
Yung Li
Prime Wire & Cable
Wengling Antong
QIAOPU
Yaosheng
Tripplite
StayOnline
AURICH
MEGA
Interpower
ShangYu Jintao

In Chapter 4 and Chapter 14.2, on the basis of types, the Appliance Power Cord market from 2018 to 2029 is primarily split into:

PVC and Rubber Materials
Halogen-free Materials

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Appliance Power Cord market from 2018 to 2029 covers:

Household Appliances
Commercial Appliances

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)