Global White Goods Market – Industry Trends and Forecast to 2030

White Goods Market Analysis and Size  

White goods are generally home and kitchen appliances used for a variety of common tasks and purposes such as laundry, heating and cooling, cleaning, hospitality sectors, cooking and food preservation, and many other applications that are widely used in daily life.

Data Bridge Market Research analyses that the global white goods market which was USD   700.92 billion in 2022, would rocket up to USD   1,321.57 billion by 2030, and is expected to undergo a CAGR of 8.25% during the forecast period.

The white goods industry provides a wide range of products that can be combined with cutting-edge technologies to reach new buyers and open up new distribution channels among other, during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

White Goods Market Scope and Segmentation

Market Definition

White goods are generally home and kitchen appliances used for a variety of common tasks and purposes such as laundry, heating and cooling, cleaning, hospitality sectors, cooking and food preservation, and many other applications that are widely used in daily life. The white goods market offers a diverse range of products that can be combined with cutting-edge technology to attract new customers and open up new sales channels.

Global White Goods Market Dynamics

Drivers

• Changing lifestyle of consumers according to the latest trends and with their rising spending power

 The white goods industry provides a wide range of products that can be combined with cutting-edge technologies to reach new buyers and open up new distribution channels. The increasingly improved lifestyle of people and its usage in day-to-day life applications is a critical factor responsible for consumer development, as are technological advances in home appliances, rising improvements in lifestyle and disposable income, rising expenditure on home renovation, rising building activities, and demand for developing economies.

• The rapid advancements in products provide convenience as well as are safe for the environment

Furthermore, the introduction of novel shapes and sizes and new features for improved usability are expected to boost the market. The growing number of hotels and restaurants and government and association regulations governing cleanliness and hygiene are major factors driving the white goods market. Consumers' growing preference for e-commerce fuels the growth of white goods. The growing desire to improve the visual appearance of various food dishes is also expected to drive market demand in the coming years. In addition, the introduction of modular and energy-efficient electric equipment is fuelling market growth.

Opportunities

• Environmental concerns about rising pollution and global warming have prompted the development of energy-efficient appliances.

Technological advancements in line with this trend may enable manufacturers to make significant gains over the forecast timeline. Furthermore, regulatory bodies are expected to consider such a portfolio in the industry, potentially boosting the current growth rate. The increasing number of e-commerce retailers and next-generation device developments for increased consumer convenience, connectivity, and energy-saving features are likely to present a potential growth landscape. Ongoing rural electrification projects would also provide stable growth prospects for viable kitchen appliance market penetration in the long run.

Restraints/Challenges

• Rising energy consumption, rising electricity prices, and a growing lack of proper electrification

However, rising energy consumption, rising electricity prices, and a growing lack of proper electrification are among the major factors that will obstruct market growth and further challenge the growth of the white goods market during the forecast period.

Recent Developments

• Whirlpool of India, a subsidiary of Whirlpool Corporation, the world's leading kitchen and laundry home appliance company, introduces Intellifresh Pro, India's most advanced Bottom Mount Refrigerator powered by advanced Adaptive Intelligence Technology and available in Omega Steel and Steel Onyx finishes.

Global White Goods Market Scope

The white goods market is segmented on the basis of product, end-user and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Refrigerator
• Cooking Appliance
• Dishwasher
• Air Conditioner
• Washing Machine
• Microwave Oven
• Others

Application

• Commercial
• Residential 

Distribution channel

• Supermarket and Hypermarket
• Specialty Store
• Retail Store
• E-commerce
• others

Global White Goods Market Regional Analysis/Insights

The global white goods market is analysed, and market size insights and trends are by product, end-user and distribution channel as referenced above.

The countries covered in the global white goods market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.                                                                   

North America is expected to dominate the white goods market and grow rapidly in the coming years. Consumer purchasing power is expected to increase the growth of the North American market in the coming years.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global White Goods Market Share Analysis

The Global White goods Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to Global White goods Market.

Some of the major players operating in the global white goods market are:

• Friedr. Dick GmbH & Co (Germany)
• GLOBAL APPLIANCES USA (U.S.)
• KAI USA LTD (U.S.)
• Kiya corp. (Japan)
• M.A.C. Knife (U.S.)
• Messermeister (Germany)
• Victorinox AG (Switzerland)
• Anker Innovation Technology Co., Ltd. (China)
• Samsung Electronics Co., Ltd (South Korea)
• Shenzhen Proscenic Technology Co. Ltd. (China)
• Neato Robotics, Inc. (U.S.)
• Cecotec Innovaciones S.L. (Spain)
• L.G. Electronics Inc (South Korea)
• Dyson Limited (U.K.)
• Panasonic Corporation (Japan)
• Sharp Corporation (U.S.)

SKU-36252