Global White Goods Market Size, Trends and Growth Opportunity, By Products (air conditioner, refrigerator, washing machine, dishwasher, microwave oven and others), By End Users (residential and commercial) By Distribution channel (supermarket/hypermarket,

Global White goods Market Size, Trends and Growth opportunity, By products (air conditioner,

refrigerator, washing machine, dishwasher, microwave oven and others), By end users (residential

and commercial) By distribution channel (supermarket/hypermarket, speciality store, retail store, e-

commerce and others), By region and forecast till 2027.

Global White Goods Market

The global white goods market was valued at US$712 billion in 2021 and it is expected to reach at

US$1032.0 billion in 2027 at a CAGR of 3.4 % during forecast period 2022-2027.

White goods are huge, bulky consumer durables or appliances that were previously only offered in

the color white. Although these products are now offered in a variety of hues, they are still referred

to as white items. They include devices like washing machines, air conditioners, refrigerators, and

others. During the projected period, rising home improvement spending and rising disposable

income are anticipated to fuel the expansion of the worldwide white goods market.

Market Drivers

The white goods sector offers a wide range of products that can be paired with cutting-edge

software to appeal to new customers and open up new routes of distribution. A key driver of

consumer development is the rising standard of living of individuals and their application in day-to-

day life, along with technological advancements in home appliances, rising standards of living and

disposable income, rising costs of home improvement, rising construction activity, and demand from

developing economies.

Market Restraint

During the projection period, escalating energy costs, rising electricity prices, and a growing lack of

adequate electrification are some of the key factors that will restrain market expansion and pose

new challenges to the white goods market's expansion.

COVID-19 Impact on White Goods Market

One of the main businesses suffering from severe disruptions as a result of the pandemic is the

chemical and materials sector. These disruptions include supply chain failures, postponements of

technology events, and office closures. The global supply chain has been negatively impacted by the

closure of numerous facilities and factories in important regions like North America, Europe, Asia-

Pacific, South America, and the Middle East and Africa. This has impeded production, delivery

schedules, and sales of various items. In addition, a number of businesses have already warned of

potential delays in product shipments and a decline in future product sales.

Market Segmentation

The global white goods market segmented on the basis of product, end-users and distribution

channel. On the basis of product it segmented into air conditioner, refrigerator, washing machine,

dishwasher, microwave oven and others. On the basis of end-use it segmented into residential and

commercial. On the basis of distribution channel it segmented into supermarket/hypermarket,

speciality store, retail store, e-commerce and others.

Regional Analysis

The global white goods market segmented into five regions North America, Europe, Latin America,

Asia Pacific, Middle East and Africa. During the forecast period, Asia-Pacific led the white goods

market, and this dominance is anticipated to continue. The region's rising standard of living, rising

disposable income and significant spending on home improvements like interior design are the main

factors boosting the market for white goods.

Key Players

Various key players are listed in this report such as Alliance Laundry System LLC, AB Electrolux, Blue

Star Limited, Haier Group Corporation, IFB Industries Ltd, LG Electronics Inc., Havells India Limited,

Koninklijke Philips N.V., The Middleby Corporation and Whirlpool Corporation.

Market Taxonomy

By Product

· Air Conditioner

· Refrigerator

· Washing Machine

· Dishwasher

· Microwave Oven

· Others

By End Users

· Residential

· Commercial

By Distribution Channel

· Supermarket/Hypermarket

· Speciality Store

· Retail Store

· E-Commerce

· Others.

By Region

· North America

· Latin America

· Europe

· Asia Pacific

· Middle East