The Global Small Domestic Appliances Market size is expected to reach $397.97 billion by 2027, rising at a market growth of 11.8% CAGR during the forecast period.
Small domestic appliances are considered portable or semi-portable machines which are utilized to fulfill household tasks or activities like coffeemakers, microwave ovens, humidifiers, toasters, and more. Some of the growth catalysts for small domestic appliances are increasing demand for domestic appliances in developing countries, growing disposable income due to the surge in working-class population, rising utilization of internet and online shopping, and constant technological developments.
With the help of small domestic appliances, users can efficiently and effectively carry out indoor activities like cooking, resulting in massive utilization of these appliances among households. In addition, individuals can save a significant amount of time and effort by using small kitchen appliances for household activities.
The rise in demand for extremely sophisticated and smart appliances is forcing many manufacturers to put high investments in R&D activities to update their home appliances. In addition, consumers are demanding smart devices and appliances which are compatible with the internet of things and smartphones.
The market of small domestic appliances has been positively impacted by the COVID-19 pandemic. The individuals preferred to substitute their old appliances with smart and full-featured appliances during the period of the global pandemic. During the 2nd and 3rd quarters of 2020, the cases of COVID-19 were rapidly increased, hence encouraging clinics, hospitals, railways stations, and airports bodies to give the highest priority to hygiene and cleaning of these places.
The COVID-19 pandemic has positively impacted the demand for small domestic appliances. In addition, this is majorly owing to the work-from-home model adopted by the companies, forcing people to stay inside their homes. The boredom and lack of social interactions motivated many people to try their hand at cooking. This has further created massive growth opportunities for the players operating in the market during the pandemic period.
As the number of working females is constantly increasing, their inclination towards household chores is reducing. As these domestic appliances effectively manage many household chores, many working-class people have increased their spending on these products. In addition, the working parents are increasingly realizing the benefits of these appliances which would further fuel the demand and growth of these products in the market.
The home appliance market has remarkably evolved and constant innovations and technological developments have further fuelled the market growth. Traditionally, many people would do all the household chores like cleaning, ironing the clothes, and other daily activities manually. However, the rising awareness about the innovative and energy-efficient home appliance products among consumers has created new growth opportunities for the players operating in the market.
Various small domestic appliances need regular maintenance which consumes a significant amount of time as well as cost. This may act as a restraint for the growth and demand for small domestic appliances in the market. Moreover, technical issues often provide a bad end-user experience of using these appliances. As these appliances frequently face issues, consumers need to take out the time from their busy and hectic schedules. With the rising number of working people, they have less time for these activities which could hinder the growth of the overall small domestic appliances market.
The Small Domestic Appliances Market is divided into Cooking/Baking and Heating Appliances, Kitchen Appliances, Personal and Animal Care, Textile Handling Appliances, Cleaning Appliances, Air-Treatment Appliances, and others. The cooking/baking and heating appliances segment would display a promising growth rate in the small home appliances market during the forecasting period.
The Small Domestic Appliances Market is segmented into the Supermarket/Hypermarket, Brand Outlets, Retail Stores, E-Commerce, and Others. In 2020, the supermarket/hypermarket segment procured a significant revenue share of the market. In addition, the segment is expected to exhibit a promising growth rate during the forecasting period.
The Small Domestic Appliances Market is bifurcated into Residential and Commercial. The commercial segment garnered a significant revenue share of the market. In addition, the segment is likely to showcase a prominent growth rate during the forecasting period. Hotels, commercial & government complexes, restaurants, offices hospitals, and small, medium enterprises are included in the commercial segment.
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 178.4 Billion |
| Market size forecast in 2027 | USD 397.97 billion |
| Base Year | 2020 |
| Historical Period | 2017 to 2019 |
| Forecast Period | 2021 to 2027 |
| Revenue Growth Rate | CAGR of 11.8% from 2021 to 2027 |
| Number of Pages | 251 |
| Number of Tables | 404 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Product Type, Distribution Channel, End User, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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The Small Domestic Appliances Market is analyzed across North America, Europe, APAC, and LAMEA. In 2020, North America acquired the second-largest revenue share of the small domestic appliances market and would showcase a similar kind of trend even during the forecasting period. The demand for new and advanced kitchen and cleaning is expected to rise due to the growing utilization of energy-efficient small domestic appliances due to the reducing consumption of energy.
Free Valuable Insights: Global Small Domestic Appliances Market size to reach USD 397.97 billion by 2027
The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Haier Smart Home Co., Ltd., Robert Bosch GmbH, Whirlpool Corporation, and Stanley Black & Decker, Inc. are the forerunners in the Small Domestic Appliances Market. Companies such as Dyson Limited, Groupe SEB, and The Glen Dimplex Group are some of the key innovators in the Market.
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.
By Product Type
By Distribution Channel
By End User
By Geography
The small domestic appliances market size is projected to reach USD 397.97 billion by 2027.
Increasing female working population are driving the market in coming years, however, need for regular maintenance have limited the growth of the market.
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.
The expected CAGR of the small domestic appliances market is 11.8% from 2021 to 2027.
Yes, The COVID-19 pandemic has positively impacted the demand for small domestic appliances. The boredom and lack of social interactions motivated many people to try their hand at cooking. This has further created massive growth opportunities for the players operating in the market during the pandemic period.
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