Market Size of United Kingdom Small Home Appliances Industry
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 |
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UK Small Home Appliances Market Analysis
There has been enormous growth in small home appliances in the United Kingdom and the appliance industry owing to increasing homeowners' desirability for small appliances. Demand for small home appliances in the United Kingdom grew in the third quarter till 2019, and the demand in the 2020 quarters is forecasted to show declining growth in sales owing to the Covid-19 impacts on the market. However, the online channel of distribution for some small appliances such as hair dryers, and premium category products are gaining popularity among aspirational consumers in the market.
The factors driving the demand for small home appliances are a rise in smart homes, increasing spending of consumers, the energy efficiency of appliances, and replacement sales of old devices through refurbishing houses.
The latest trend in home appliances, including small home appliances, is energy efficiency and connectivity in line with IoT (Internet of Things), wherein most appliances can be remotely controlled or are equipped with sensors designed to auto-manage the appliances. Smart appliances, and smart homes, are expected to drive this category ahead to achieve higher growth rates.
UK Small Home Appliances Industry Segmentation
The Report offers a complete analysis of the Small Home Appliances Market in the United Kingdom and the market's complete dynamics. Market Segmentation and size are forecasted, along with company profiles and key players operating in the market. The United Kingdom Small Home Appliances Market is segmented by product (Vacuum Cleaners, Coffee Machines, Irons, Toasters, Grills & Roasters, Hair Dryers, Food processors, and Others) and By Distribution Channels (Supermarkets & Hypermarkets, Specialty Stores, E-Commerce, Others).
By Product | |
Vacuum Cleaners | |
Coffee Machines | |
Food processor | |
Irons | |
Toasters | |
Grills & Roasters | |
Hair Dryers | |
Others |
By Distribution Channels | |
Supermarkets & Hypermarkets | |
Specialty Stores | |
E-Commerce | |
Others |
United Kingdom Small Home Appliances Market Size Summary
The UK small home appliances market has experienced significant growth, driven by an increasing consumer preference for convenience and efficiency in household tasks. The demand for these appliances saw a rise until 2019, with a subsequent decline in 2020 due to the impacts of Covid-19. However, the market is rebounding, with online distribution channels gaining traction, particularly for products like hair dryers and premium appliances. Key factors propelling market growth include the rise of smart homes, increased consumer spending, and the energy efficiency of modern appliances. The trend towards IoT-enabled devices, which offer connectivity and remote control features, is expected to further boost the market. Consumers are increasingly investing in small home appliances that offer value and simplify their lives, supported by rising disposable incomes and urbanization, particularly in Tier I and II cities.
The competitive landscape of the UK small home appliances market is characterized by intense rivalry among global and local players, with companies focusing on research and innovation to maintain their market position. E-commerce has emerged as a dominant distribution channel, offering competitive discounts and appealing to consumers' connected lifestyles. The market is witnessing a growing demand for specific appliances, such as coffee machines, which are favored for their affordability and ease of use. Major players in the market include BSH Home Appliances Ltd., Philips, Russell Hobbs, Dyson, and Black & Decker, all of which are actively introducing innovative products to cater to evolving consumer preferences. The market's growth trajectory is supported by the increasing adoption of smart and connected kitchen devices, which enhance the cooking experience and align with the trend of smart homes.
United Kingdom Small Home Appliances Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Industry Value Chain Analysis
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1.5 Industry Attractiveness - Porters' Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitutes
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1.5.5 Intensity of Competitive Rivalry
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1.6 Insights on impact of technology and innovation in Operation in Small Home Appliances Market
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1.7 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Product
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2.1.1 Vacuum Cleaners
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2.1.2 Coffee Machines
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2.1.3 Food processor
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2.1.4 Irons
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2.1.5 Toasters
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2.1.6 Grills & Roasters
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2.1.7 Hair Dryers
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2.1.8 Others
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2.2 By Distribution Channels
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2.2.1 Supermarkets & Hypermarkets
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2.2.2 Specialty Stores
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2.2.3 E-Commerce
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2.2.4 Others
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United Kingdom Small Home Appliances Market Size FAQs
What is the current United Kingdom Small Home Appliances Market size?
The United Kingdom Small Home Appliances Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in United Kingdom Small Home Appliances Market?
AB Electrolux, BSH Home Appliances Ltd., Philips, Russell Hobbs and Dyson are the major companies operating in the United Kingdom Small Home Appliances Market.