France Home Appliances Market Size
| 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 Market Trends
This section covers the major market trends shaping the France Home Appliances Market according to our research experts:
Rising Homes in France is Driving the Market
The residential housing sector in France is anticipated to increase demand for large home appliances nationwide, boosting the market's potential for long-term growth. In 2021, sales of existing homes in the Paris region jumped 12% in one year despite a somewhat sluggish fourth quarter. With prices falling slightly in Paris and rising more moderately in the inner and outer suburbs, the Ile-de-France real estate market could return to more moderate rates in 2022.
Demand for built-in kitchen appliances has increased significantly owing to the increase in residential buildings, bringing manufacturing numbers to a respectable level. The housing market's situation dramatically influences the manufacturing of built-in kitchen equipment.
Growing E-commerce Sales of Home Appliances in France
The e-commerce segment is expected to witness rapid growth during the forecast period owing to the high penetration of the internet and smartphone, along with technological advancements, change in shopping behavior due to digitalization, availability of a wide range of products, and wide range of discounts and offers on online shopping sites. In addition, improvements in after-sales services have provided an impetus to the home appliances market growth. Manufacturers are working with several other companies to ensure timely delivery and installation after the online sales of the product.
France Home Appliances Industry Overview
The report covers major players operating in France's Home Appliances Market. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and service innovation, domestic to international companies are increasing their market presence by securing new contracts and tapping new markets. It has major players, including Brandt, Whirlpool, Electrolux, seb, and Phillips.
France Home Appliances Market Leaders
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Brandt
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Whirlpool
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Electrolux
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Seb
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Philips
*Disclaimer: Major Players sorted in no particular order
France Home Appliances Market News
- In Mar 2022. Samsung Electronics Co. Ltd announced the launch of a new Bespoke RF8000 French Door Refrigerator, expanding its Bespoke line-up.
- In January 2022, Whirlpool introduced Whirlpool Space 75 oven, also offers a greater capacity than the standard with a maximum consumption below 3kW and smart cooking solutions with 8 main functions. Equipped with Cook 3 technology, this appliance allows user to cook simultaneously on 3 levels without mixing tastes and smells.
France Home Appliances Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Insights on Various Regulatory Trends Shaping the Market
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Insights into Technology Innovations in the Market
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Major Appliances
5.1.1.1 Refrigerators
5.1.1.2 Freezers
5.1.1.3 Dishwashing Machines
5.1.1.4 Washing Machines
5.1.1.5 Cookers and Ovens
5.1.2 Small Appliances
5.1.2.1 Vacuum Cleaners
5.1.2.2 Small Kitchen Appliances
5.1.2.3 Hair Clippers
5.1.2.4 Irons
5.1.2.5 Toasters
5.1.2.6 Hair Dryers
5.1.2.7 Other Small Appliances
5.2 By Distribution Channel
5.2.1 Multibrand Stores
5.2.2 Exclusive Stores
5.2.3 Online
5.2.4 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Brandt
6.2.2 Whirlpool
6.2.3 Electrolux
6.2.4 Merloni
6.2.5 Bosch Siemens
6.2.6 Candy
6.2.7 Seb
6.2.8 Moulinex
6.2.9 Philips*
- *List Not Exhaustive
7. MARKET OPPORTUNTIES AND FUTURE TRENDS
8. APPENDIX
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 Research 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.
What years does this France Home Appliances Market cover?
The report covers the France Home Appliances Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the France Home Appliances Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
France Home Appliances Industry Report
Statistics for the 2024 France Home Appliances market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. France Home Appliances analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
