The Europe Small Domestic Appliances Market would witness market growth of 11.0% CAGR during the forecast period (2021-2027).
The consumers are expected to be encouraged towards purchasing these products due to the advent of innovative and technologically advanced small domestic products in the market. This factor is anticipated to drive the growth and demand for small domestic appliances during the forecasting period. For example, in October 2019, Newell Brands Inc. introduced the latest ‘ActiveSence’ blender under their brand ‘Calphalon’ that comprises five pre-set food settings for food blending.
The growth and demand for small domestic appliances would be propelled by the rise in population and growing population density in metro cities. Many individuals are focusing on shifting from rural areas to metro cities for searching for job opportunities and permanently stay there.
The growth of the regional small domestic appliances would be fuelled by the rising demand for high-end built-in or smart appliances like ovens, with embedded steam function, integrated hob extractors, flexible induction hobs, and built-in dishwashers and among others. Further, these appliances find a wide range of applications in commercial and residential places.
The Online Channels market dominated the Europe Small Domestic Appliances Market by Distribution Channel in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $44,117.5 million by 2027. The Supermarket/ Hypermarket market is experiencing a CAGR of 11.7% during (2021 - 2027). Additionally, The Retail Stores market would showcase highest CAGR of 11.5% during (2021 - 2027).
Based on Product Type, the market is segmented into Cooking/Baking and Heating Appliances, Kitchen Appliances, Personal and Animal Care, Textile Handling Appliances, Cleaning Appliances, Air-Treatment Appliances, and others. Based on Distribution Channel, the market is segmented into Supermarket/Hypermarket, Brand Outlets, Retail Stores, E-Commerce, and Others. Based on End User, the market is segmented into Residential and Commercial. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Small Domestic Appliances Market Size will Hit $397.97 billion by 2027, at a CAGR of 11.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Haier Smart Home Co., Ltd. (Haier Group Corporation) (Candy Hoover Group Srl), Dyson Limited, The Glen Dimplex Group (Morphy Richards), Groupe SEB, Kenwood Limited (De’ Longhi Group), Robert Bosch GmbH, Spectrum Brands Holdings, Inc. (Russell Hobbs), Stanley Black & Decker, Inc., Electrolux AB, and Whirlpool Corporation.
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