Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 195.76 Billion | USD 340.76 Billion | 5.7% | 2023 |
According to the report published by Zion Market Research, the global Small Domestic Appliances Market size was valued at USD 195.76 Billion in 2023 and is predicted to reach USD 340.76 Billion by the end of 2032. The market is expected to grow with a CAGR of 5.7% during the forecast period. The report analyzes the global Small Domestic Appliances Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Small Domestic Appliances (SDA) industry.
Small domestic appliances (SDA) are generally semi-portable or portable machines that are used to perform the household task. These appliances are easily placed on counter-tops, table-tops, or any other platforms. Juicers, coffee machines, blenders, stand mixers, toasters, and kettles are some of the small domestic appliances used in household chores.
The global small domestic appliances (SDA) market is growing substantially. The rise in the standard of living in developing countries, increase in disposable income in developing countries, and increase in buying power are some of the primary factors that are fueling the growth of the global small domestic appliances (SDA) market. In addition to the busy schedule of the population, there is an increase in the number of women joining the workforce. Most of them seek options that can perform household tasks easily and conveniently. Small domestic appliances (SDA) such as coffee makers, juicers, and blenders contribute majorly as they are easy & convenient to use and can perform the task in an easy go manner. These appliances also save time and effort.
In addition to this, the growing need for luxury coupled with a healthy & convenient lifestyle, strong product launches, and broadened offerings are also the key features that are contributing to the overall growth of the market. Moreover, the growing penetration of the internet & use of smartphones & tablets leading to rising in online shopping and boom in the e-commerce industry are also the factors that are majorly driving the growth of the market. Furthermore, an increase in the number of smart homes, advertising campaigns, and continuous product development are the factors that may lead to huge opportunities for the growth of the global small domestic appliances (SDA) market during the forecast period. However, growing concerns of high energy consumption as well as carbon footprints related to the use of these electrical appliances may hinder the growth of the global small domestic appliances (SDA) market.
The sudden spread of the coronavirus led to the declaration of the state of emergency across several countries with complete lockdown and restriction on movements. The manufacturers of small domestic appliances (SDA) have to face several challenges due to disruption in the supply chain & market and decline in the overall production and demand of the small domestic appliances (SDA). In addition to this, change in consumer behavior due to rise in economic crisis and their preference towards essential goods also decreased the sales of the products. Thus, the global small domestic appliances (SDA) market is adversely hit by the outbreak of the Covid-19 pandemic.
The global small domestic appliances (SDA) market is bifurcated based on product type, distribution channel, end-user, and region.
Based on the product type, the global small domestic appliances (SDA) market is classified into garments care appliances, floor care appliances, kitchen appliances, and others. Among these, the kitchen appliances segment is expected to dominate the market due to busy lifestyles and an increase in the number of working women.
Based on the distribution channel, the global market is divided into offline and online. Among these, the online segment is anticipated to account for the maximum share of the market due to the increase in e-commerce platforms and several discounts & coupons offered to the consumer during online shopping.
The end-user segment is fragmented into commercial and residential. Among these, the residential sector is expected to hold the largest share.
Report Attributes | Report Details |
---|---|
Report Name | Small Domestic Appliances Market |
Market Size in 2023 | USD 195.76 Billion |
Market Forecast in 2032 | USD 340.76 Billion |
Growth Rate | CAGR of 5.7% |
Number of Pages | 218 |
Key Companies Covered | Whirlpool Corporation, Robert Bosch GmbH, Groupe SEB, Candy Hoover Group Srl, Stanley Black & Decker, Inc., Koninklijke Philips N.V., Morphy Richards, Russell Hobbs, Kenwood Limited, and Dyson Limited |
Segments Covered | By Product Type, By Distribution Channel, By End-User And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific is projected to account for the maximum share in the global small domestic appliances (SDA) market during the forecast period. Factors such as rise in disposable income, growing purchasing power, rise in the standard of living with rapid urbanization, and implementation of effective marketing strategies of the product are boosting the regional market growth. The market in North America and Europe is also estimated to account for a significant share in the market growth.
This is attributable to the presence of advanced technology supporting the continuous development of the products and growing demand for small domestic appliances (SDA) especially coffee makers & juicers from the residential sector. The market in Latin America is also expected to show a slow growth rate due to a strong retailer network.
are some of the prominent players operating in the global small domestic appliances market.
By product type
By distribution channel
By end-user
FrequentlyAsked Questions
The global small domestic appliances (SDA) market is growing substantially. The rise in the standard of living in developing countries, increase in disposable income in developing countries, and increase in buying power are some of the primary factors that are fueling the growth of the global small domestic appliances (SDA) market. Furthermore, an increase in the number of smart homes, advertising campaigns, and continuous product development are the factors that may lead to huge opportunities for the growth of the global small domestic appliances (SDA) market during the forecast period.
Whirlpool Corporation, Robert Bosch GmbH, Groupe SEB, Candy Hoover Group Srl, Stanley Black & Decker, Inc., Koninklijke Philips N.V., Morphy Richards, Russell Hobbs, Kenwood Limited, and Dyson Limited are some of the prominent players operating in the global small domestic appliances market.
Asia Pacific is projected to account for the maximum share in the global small domestic appliances (SDA) market during the forecast period. Factors such as rise in disposable income, growing purchasing power, rise in the standard of living with rapid urbanization, and implementation of effective marketing strategies of the product.
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