Market Size of France Home Appliances Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 2.86 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
France Home Appliances Market Analysis
France Home Appliances Market has generated a revenue of USD 9.5 Billion in the current year and is poised to achieve a CAGR of 2.86% for the forecast period.
The COVID-19 pandemic challenged public health in France, and it abruptly affected economies, society, and people's lives, leading to a paradigm shift in consumer lifestyles. This has led to a massive change in consumer behavior across the country, and these behavioral changes are irreversible.
The impact of shifting consumer behavior is being felt across industries, especially home appliances, as a greater percentage of consumers spend a large chunk of their time at home. In terms of the effect the pandemic has exerted on the home appliances market, compared with the former, customers attach more importance to reliability, integration, energy efficiency, and larger capacity when they decide on the brands or models they plan to buy.
Small household electrical appliances are significantly more expensive in France this year compared to last year as a result of rising production costs. The price hikes have affected coffee machines the most, with the devices 17.2% more expensive on average this year compared to last. It means a product bought for EUR 70 (USD 75) last year would cost EUR 82 (USD 87) this year. Toasters are 13.7% more expensive on average, while the prices of printers are up 9.8%, the news outlet states.
Amazon was the leading shopping site in France in the electronics and home appliances category last year. Among French online shoppers in this category, nearly two-thirds (65.3%) said they made their purchase on the e-commerce site. Cdiscount ranked second with 34.3%, followed by Fnac with 27.8%. The electronics and appliances category is among the top performers in the e-commerce sector, as illustrated by another ranking from the source.
France Home Appliances Industry Segmentation
A home appliance also referred to as a domestic appliance, an electric appliance, or a household appliance, is a machine that assists in household functions such as cooking, cleaning, and food preservation. France Home Appliances Market is segmented by Major Appliances (Refrigerators, Freezers, Dishwashing Machines, Washing Machines, Ovens, Air Conditioners, and Other Major Appliances), by Small Appliances (Coffee or Tea Makers, Food Processors, Grills and Roasters, Vacuum Cleaners, and Other Small Appliances), and by Distribution Channel (Multiband Stores Exclusive Stores, Online, and Other Distribution Channels). The report offers market size and forecasts for France Home Appliances Market in value (USD billion) for all the above segments.
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France Home Appliances Market Size Summary
The France home appliances market is experiencing a transformative phase, driven by shifts in consumer behavior and increased demand for energy-efficient and reliable products. The COVID-19 pandemic has significantly altered consumer lifestyles, leading to a heightened focus on home appliances that offer greater integration and capacity. This shift has been particularly evident in the increased demand for built-in kitchen appliances, spurred by the growth in residential buildings. The market is also witnessing a rise in production costs, resulting in higher prices for small household electrical appliances, such as coffee machines and toasters. The e-commerce sector is a key growth area, with platforms like Amazon leading the charge in online sales, supported by advancements in technology and changes in shopping behavior.
The market landscape is characterized by the presence of major players such as Brandt, Whirlpool, Electrolux, Seb, and Philips, who are expanding their market presence through technological advancements and service innovations. The residential housing sector is expected to further boost the demand for large home appliances, contributing to the market's long-term growth potential. The report highlights the importance of after-sales services and timely delivery in enhancing customer satisfaction and driving market expansion. As companies continue to secure new contracts and explore new markets, the France home appliances market is poised for steady growth, with a focus on meeting the evolving needs of consumers.
France Home Appliances Market Size - Table of Contents
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1. MARKET INSIGHTS AND DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Insights on Various Regulatory Trends Shaping the Market
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1.5 Industry Attractiveness - Porter's Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitutes
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1.5.5 Intensity of Competitive Rivalry
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1.6 Insights into Technology Innovations in the Market
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1.7 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Product
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2.1.1 Major Appliances
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2.1.1.1 Refrigerators
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2.1.1.2 Freezers
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2.1.1.3 Dishwashing Machines
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2.1.1.4 Washing Machines
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2.1.1.5 Cookers and Ovens
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2.1.2 Small Appliances
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2.1.2.1 Vacuum Cleaners
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2.1.2.2 Small Kitchen Appliances
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2.1.2.3 Hair Clippers
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2.1.2.4 Irons
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2.1.2.5 Toasters
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2.1.2.6 Hair Dryers
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2.1.2.7 Other Small Appliances
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2.2 By Distribution Channel
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2.2.1 Multibrand Stores
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2.2.2 Exclusive Stores
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2.2.3 Online
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2.2.4 Other Distribution Channels
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France Home Appliances Market Size FAQs
What is the current France Home Appliances Market size?
The France Home Appliances Market is projected to register a CAGR of 2.86% during the forecast period (2024-2029)
Who are the key players in France Home Appliances Market?
Brandt, Whirlpool, Electrolux, Seb and Philips are the major companies operating in the France Home Appliances Market.