Europe Major Home Appliances Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 3.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Major Home Appliances Market Analysis
The European Major Home Appliances market has achieved a revenue of USD 51.62 Billion and is poised to grow at a CAGR of less than 3% during the forecast period.
Major home appliances include a fridge, microwave ovens, water heater appliances, and dishwashers. Major home appliances hold a major share of the household appliances market in Europe. Growing competition and increased consumer demand for innovative products are expected to drive the growth of the major home appliances market in Europe. The product innovations introduced are in terms of technology, performance, features, and design. Customers also look for home appliances that can perform multiple tasks with minimal resources. Thus the growing demand for innovative and advanced products has driven the demand for and popularity of multifunctional home appliances in Europe. The growing purchasing power, increasing disposable income among customers, and changing style trends in home appliances have propelled the demand for home appliances market in Europe.
As the COVID-19 pandemic continued to challenge public health, it has also abruptly affected economies, society, and people's lives in Europe. With many people confined to their homes, working remotely and home-schooling, interest in appliances and consumer electronics has risen. It is vital that new appliances bought during and after the pandemic are as efficient as possible to outpace higher ownership patterns and avoid increased energy consumption levels after the crisis.
Europe Major Home Appliances Market Trends
Growth in Smart Appliances is Driving the Market
Smart home appliances include refrigerators, air conditioners, dishwashers, washing machines, and others. These smart appliances have a huge growth potential especially in major European markets including Belgium, France, Ireland, the UK, Austria, Finland, Denmark, Germany, the Netherlands and Sweden. Factors such as the rising need for energy-efficient appliances, and demand for comfort, coupled with high spending capability of end-users is driving the demand for home appliances. The main driving factor behind the fast adoption and growth rate of smart home appliances in the European market include universal access to high speed internet, introduction of smart meters, energy efficiency and energy savings.
Germany is Dominating the Europe Major Home Appliances Market
Germany is the most important producer of home appliances in Europe. The market has witnessed growth in the major household appliances sector prominently. The factors responsible for the growth of major home appliances in Germany are due to the improving lifestyles of consumers, improvement in purchasing power, and migration of the rural population to the urban areas. The home appliances market in Germany is extremely competitive and fragmented due to the presence of both multinational and local players across the country.
Europe Major Home Appliances Industry Overview
The report covers international players operating in the European Major Home Appliances Market. In terms of market share, some of the major players currently dominate the market like Arcelik AS, BSH Hausgerate GmbH, AB Electrolux, Daikin Industries Ltd, and Gorenje Group. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets.
Europe Major Home Appliances Market Leaders
-
Arcelik AS
-
BSH Hausgerate GmbH
-
AB Electrolux
-
Daikin Industries Ltd
-
Gorenje Group
*Disclaimer: Major Players sorted in no particular order
.webp "Europe Major Home Appliances Market Concentration")
Europe Major Home Appliances Market News
- January 2023: Arcelik's wholly-owned subsidiary Ardutch B.V and Whirlpool Corporation's wholly-owned subsidiary Whirlpool EMEA Holdings LLC have signed a definitive Contribution Agreement to create a new standalone business in the European home appliances sector. After the transfers, 75 percent of the newly formed company will be allocated to Ardutch B.V. and 25 percent to Whirlpool.
- January 2023: Samsung has announced the global launch of a new column refrigerators named the Bespoke Infinite Line refrigerator. The company's built-in refrigerator will be available with a choice of fridge, freezer, or wine cellar models.
Europe Major Home Appliances Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
- 4.1 Market Overview
-
4.2 Market Drivers
- 4.2.1 Increase in Residential Construction
- 4.2.2 Increased Penetration of Smart Appliances
-
4.3 Market Restraints
- 4.3.1 Saturation in Adoption of Major Appliances
-
4.4 Market Opportunities
- 4.4.1 Increased Awareness for Sustainable Appliances
- 4.5 Industry Value Chain / Supply Chain Analysis
- 4.6 Insights on Technological Advancements in the Market
-
4.7 Industry Attractiveness: Porters 5 Force Analysis
- 4.7.1 Threat of New Entrants
- 4.7.2 Bargaining Power of Buyers/Consumers
- 4.7.3 Bargaining Power of Suppliers
- 4.7.4 Threat of Substitute Products
- 4.7.5 Intensity of Competitive Rivalry
- 4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
-
5.1 Product
- 5.1.1 Refrigerators
- 5.1.2 Freezers
- 5.1.3 Dishwashers
- 5.1.4 Clothes Dryers
- 5.1.5 Washing Machines
- 5.1.6 Large Cooking Appliances
- 5.1.7 Others
-
5.2 Distribution Channel
- 5.2.1 Supermarkets
- 5.2.2 Specialty Stores
- 5.2.3 Online
- 5.2.4 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
-
6.2 Company Profiles
- 6.2.1 Arcelik AS
- 6.2.2 BSH Hausgerate GmbH
- 6.2.3 AB Eletrolux
- 6.2.4 Daikin Industries Ltd
- 6.2.5 Gorenje Group
- 6.2.6 Candy Group
- 6.2.7 LG Electronics
- 6.2.8 Samsung Electronics Co.Ltd
- 6.2.9 Whirlpool Corporation
- 6.2.10 Miele*
- *List Not Exhaustive
7. MARKET FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
** Subject To AvailablityEurope Major Home Appliances Industry Segmentation
A complete background analysis of Europe's Major Home Appliances Market, which includes an assessment of the market dynamics, emerging trends in the segments and regional markets, and insights into various product and application types. Also, it analyses the key players and the competitive landscape in the Europe major home appliance market. Europe's Major Home Appliances Market is segmented by Product (Refrigerators, Freezers, Dishwashers, Clothes dryers, Washing Machines, Large Cooking Appliances, and Others), and by Distribution Channel (Supermarkets, Specialty Stores, Online, and Other Distribution Channels). The report offers market size and forecasts for Europe's major home appliances market in value (USD Million) for all the above segments.
| Product | Refrigerators |
| Freezers | |
| Dishwashers | |
| Clothes Dryers | |
| Washing Machines | |
| Large Cooking Appliances | |
| Others | |
| Distribution Channel | Supermarkets |
| Specialty Stores | |
| Online | |
| Other Distribution Channels |
Europe Major Home Appliances Market Research FAQs
What is the current Europe Major Home Appliances Market size?
The Europe Major Home Appliances Market is projected to register a CAGR of less than 3% during the forecast period (2024-2029)
Who are the key players in Europe Major Home Appliances Market?
Arcelik AS, BSH Hausgerate GmbH, AB Electrolux, Daikin Industries Ltd and Gorenje Group are the major companies operating in the Europe Major Home Appliances Market.
What years does this Europe Major Home Appliances Market cover?
The report covers the Europe Major Home Appliances Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Europe Major Home Appliances Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Major Home Appliances Industry Report
Statistics for the 2024 Europe Major Home Appliances market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Major Home Appliances analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
