White Goods Market by Product (Air Conditioner, Refrigerator, Washing Machine, Dishwasher, Microwave Oven and Others), End User (Residential and Commercial), and Distribution Channel (Supermarket & Hypermarket, Specialty Store, Retail Store, E-commerce and Others): Global Opportunity Analysis and Industry Forecast 2021–2027
GLOBAL OPPORTUNITY AND FORECAST 2021-2027
Growing technological advancements in white goods and their adoption has been majorly influencing the growth of the product market. Furthermore, growing standard of living and personal disposable income are considerably facilitating people to buy home appliances. It is also found through the study, that consumers are actively replacing their old home appliances with smart home appliances during the lockdown period of COVID-19 pandemic, which further boost the demand for white goods market.
Assistant Manager, Consumer Goods at Allied Market Research
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Roshan Deshmukh• The white goods market size was valued at $ 635.4 billion in 2019.
• The white goods market size is estimated to reach $ 1,031.0 billion by 2027.
• The white goods market registering a CAGR of 7.8% from 2021 to 2027.
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By product, the dishwasher segment is estimated to witness the fastest growth, registering a CAGR of 10.3% during the forecast period
In 2019, depending on end user, the residential segment was valued at $ 370.7 billion, accounting for 58.3% of the global white goods market share.
According to distribution channel, it is divided into supermarket & hypermarket, specialty store, retail store, ecommerce and others.
• Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
• Asia-Pacific held the major market share of white goods and North America held the second highest share in 2019.
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• Alliance Laundry System LLC
• AB Electrolux
• Blue Star Limited
• Haier Group Corporation
• IFB Industries Ltd
• LG Electronics Inc.
• Havells India Limited
• Koninklijke Philips N.V.
• Middleby Corporation
• Whirlpool Corporation
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