Global White Goods Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2024-2032)

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Increasing Sales of Refrigerator to Bolster the Growth of the White Goods Industry

Based on product, the refrigerator segment accounts for a significant share in the market and is likely to witness a steady growth in the forecast period. This can be attributed to the durability and long-lasting characteristics of the product. A refrigerator has become an important part of the household as it helps keep the food items fresh and safe, so that the nutritional value of the product is not lost. This is driving the growth of the segment. Meanwhile, the air conditioner segment is anticipated to grow at a considerable rate in the forecast period owing to the rising disposable income and subsequent increase in product demand in emerging nations.

The Asia Pacific Accounts for a Significant Share in the White Goods Industry

The Asia Pacific accounts for a significant share in the market and is anticipated to grow at a healthy rate in the forecast period. The market growth in the region can be attributed to the increasing living standards in countries like India and China, among others. The structural shift towards smart appliances in these countries is likely to be a major factor driving the market growth. In addition, the market is expected to be aided by the growing competition among the electronic device manufacturers in the region to provide improved products.

White Goods Market Segmentation

White goods are defined as the major appliances or large electronic machines that are used to accomplish tasks such as cooking, food preservation, and cleaning, among others in the household and commercial or industrial spaces.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Based on product, the market is divided into:

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

On the basis of end use, the industry is segmented into:

• Residential
• Commercial

The different distribution channels of the product include:

• Hypermarkets and Supermarkets
• Speciality Store
• Retail Store
• Online 
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Rising Demand for White Goods in the Residential Sector to Boost the Growth of the White Goods Industry

The global market for white goods is driven by the growing demand for electronic devices such as refrigerators, washing machines, dishwashers, and others in the residential sector. These products are cost-effective, durable, efficient, and have the potential to bolster the housekeeping activities and ease the job of the caretaker. These factors have been contributing to the growth of the market globally. The growing dependence on technology, increasing disposable income in emerging nations, and the rapid advancements in the electronic industry are expected to provide a further impetus to the market growth in the forecast period.

Key Industry Players in the Global White Goods Market

The report gives a detailed analysis of the top white goods companies in the global market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Alliance Laundry Systems LLC
• Blue Star Limited
• Electrolux AB
• Haier Group Corporation
• LG Electronics Inc.
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

White Goods Market Report Snapshots

White Goods Market Size

White Goods Market Growth

White Goods Market Share

White Goods Companies