Market Size of United Kingdom Home Appliances Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 10.70 Billion |
Market Size (2029) | USD 13.51 Billion |
CAGR (2024 - 2029) | 4.78 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
United Kingdom Home Appliances Market Analysis
The United Kingdom Home Appliances Market size is estimated at USD 10.70 billion in 2024, and is expected to reach USD 13.51 billion by 2029, growing at a CAGR of 4.78% during the forecast period (2024-2029).
The United Kingdom is a significant market for household appliances owing to increasing consumption expenditure on such products. Factors such as technological advancements, rapid urbanization, growth in the housing sector, rising income per capita, improving living standards, and a shift in consumer lifestyles are driving the household appliances market in the United Kingdom.
Additionally, the market is expanding with the introduction of smart home appliances, which offer increased convenience and efficiency. The growing ownership of smart home devices among consumers is contributing to the rise in smart kitchen appliances. Moreover, the market is expanding due to consumer preferences for eco-friendly and energy-efficient appliances.
United Kingdom Home Appliances Industry Segmentation
The household appliances market refers to the industry that produces and sells various electrical or mechanical machines used in households to perform functions such as cooking, cleaning, food preservation, and garment care.
The UK household appliances market is segmented by major appliances, small appliances, and distribution channel. By major appliances, the market is segmented into refrigerators, freezers, dishwashing machines, washing machines, and cookers and ovens. By small appliances, the market is segmented into vacuum cleaners, small kitchen appliances, hair clippers, irons, toasters, grills and roasters, and hair dryers. By distribution channel, the market is segmented into multi-branded stores, specialty stores, e-commerce, and other distribution channels (local dealers). The report offers market sizes and forecast values (USD) for all the above segments.
By Major Appliances | |
Refrigerators | |
Freezers | |
Dishwashing Machines | |
Washing Machines | |
Cookers and Ovens | |
Other Major Appliances |
By Small Appliances | |
Vacuum Cleaners | |
Small Kitchen Appliances | |
Hair Clippers | |
Irons | |
Toasters | |
Grills and Roasters | |
Hair Dryers | |
Other Small Appliances |
By Distribution Channel | |
Multi-Branded Stores | |
Speciality Stores | |
E-commerce | |
Other Distribution Channels |
United Kingdom Home Appliances Market Size Summary
The UK household appliances market is characterized by its maturity, with a high ownership rate of essential appliances such as refrigerators, washing machines, and cookers. This saturation leads to a predominance of replacement sales, driven by factors such as appliance breakdowns, relocations, and a desire for modern features and energy efficiency. The market is also witnessing a shift in consumer purchasing behavior, with a growing preference for online sales channels alongside traditional store-based retailers. This shift is intensifying competition among various sales channels, exerting pricing pressure on vendors. Consumers are increasingly seeking innovative products that offer enhanced functionality, energy conservation, and smart connectivity, reflecting a trend towards high-quality standards and appealing designs in both major and minor home appliances.
The market landscape is dominated by major international players like Samsung, Electrolux Group, LG Group, Panasonic Corporation, and Whirlpool Corporation. However, technological advancements and product innovations are enabling mid-size and smaller companies to expand their market presence. These companies are securing new contracts and exploring new markets to enhance their competitiveness. The introduction of trendy designs and features in small kitchen appliances, such as coffee machines and electric kettles, is particularly appealing to millennial consumers. Manufacturers are incorporating aesthetic elements like fancy finishes and pastel colors to attract this demographic. The market's growth is further supported by strategic moves, such as Whirlpool Corporation's launch of WoW Studios and Spectrum Brands' acquisition of Tristar's Appliance and Cookware Business, which aim to enhance consumer engagement and expand product offerings.
United Kingdom Home Appliances Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Enhanced Quality and Trending Designs Driving the Market Demand
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1.2.2 Rise in Working Population led to Demand of the Household Product
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1.3 Market Restraints
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1.3.1 Rise in Reports of Household Appliance Hazards or Accidents
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1.4 Market Oppportunities
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1.4.1 Growing Smart Home Integration
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1.5 Industry Value Chain Analysis
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1.6 Industry Attractiveness - Porter's Five Force Analysis
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1.6.1 Threat of New Entrants
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1.6.2 Bargaining Power of Buyers/Consumers
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1.6.3 Bargaining Power of Suppliers
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1.6.4 Threat of Substitute Products
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1.6.5 Intensity of Competitive Rivalry
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1.7 Insights of Technological Innovations in the Market
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1.8 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Major Appliances
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2.1.1 Refrigerators
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2.1.2 Freezers
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2.1.3 Dishwashing Machines
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2.1.4 Washing Machines
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2.1.5 Cookers and Ovens
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2.1.6 Other Major Appliances
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2.2 By Small Appliances
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2.2.1 Vacuum Cleaners
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2.2.2 Small Kitchen Appliances
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2.2.3 Hair Clippers
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2.2.4 Irons
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2.2.5 Toasters
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2.2.6 Grills and Roasters
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2.2.7 Hair Dryers
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2.2.8 Other Small Appliances
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2.3 By Distribution Channel
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2.3.1 Multi-Branded Stores
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2.3.2 Speciality Stores
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2.3.3 E-commerce
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2.3.4 Other Distribution Channels
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United Kingdom Home Appliances Market Size FAQs
How big is the United Kingdom Home Appliances Market?
The United Kingdom Home Appliances Market size is expected to reach USD 10.70 billion in 2024 and grow at a CAGR of 4.78% to reach USD 13.51 billion by 2029.
What is the current United Kingdom Home Appliances Market size?
In 2024, the United Kingdom Home Appliances Market size is expected to reach USD 10.70 billion.