The future of the global white good market looks promising with opportunities in the residential and commercial sectors. The global white good market is expected to reach an estimated $1,048 billion by 2030 with a CAGR of 8% from 2024 to 2030. The major drivers for this market are rising popularity for e-commerce websites and growing consumer preference for connected devices and smart home appliances.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the white good market by
product type (refrigerator, air conditioner, washing machine, dishwasher,
microwave oven, and others), distribution channel (supermarkets and
hypermarkets, specialty stores, retail stores, online stores, and others), end
use (residential, commercial, and others), and region (North America, Europe,
Asia Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of the
changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market,
refrigerator, air conditioner, washing machine, dishwasher, and microwave oven
are the major segments of white good market by product type. Lucintel forecasts
that refrigerator will remain the largest segment over the forecast period due
to its growing usage among customers given to its convenient, simple, and safe
method of preserving food and food products.Within this market, residential
will remain the larger segment due to growing household consumer preference
towards environmentally and energy-conscious appliances.
APAC will remain the
largest region over the forecast period due to rapid industrialization and
existence of major mafucturers in the region.
Whirlpool, Johnson
Controls, IFB Industries, Samsung, LG Electronics, Panasonic, Symphony, Blue
Star, ARÇELİK A.Ş., and Godrej & Boyce are the major suppliers in the white
good market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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