UK Major Home Appliances Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
UK Major Home Appliances Market Analysis
The United Kingdom's major home appliances market is highly saturated and the major appliances such as washing machines, refrigerators market have been growing at a moderate pace. The factors contributing to the purchase are mainly renovation of households or replacement purchases.
The market had grown in response to strong residential construction activity and recovering consumer confidence in the appliances industry. However, the weakening of Pound and low manufacturing due to the lockdown has constrained the market in the Q1 of 2020. The constrained housing activity due to the lockdown and uncertainty over the European Union referendum can restrain the growth of the market to some extend.
E-commerce has become the trend for purchasing home appliances in the market including major home appliances. The trend is witnessed to see a rise in the future owing to low-cost benefits and discounts available which is making buying easy for low to the middle class as well as for people with lower budget strings. Major home appliances that are seeing the innovation in the market are connected in line with IoT concepts. Large built-in cooking appliances such as ranges and ovens, built in refrierators are also in demand due to rise of single households and space conservation issue.
UK Major Home Appliances Market Trends
This section covers the major market trends shaping the UK Major Home Appliances Market according to our research experts:
Increase in Consumer Spending on Major Home Appliances
Consumer spending on home appliances in the United Kingdom has increased substantially over the years. In 2019 the consumer spending for the year was 8,762 GBP million and increased to 12.11% y-oy-y. It is observed that the consumers on average spend 3.7 GBP on household appliances.
On the other hand factors such as lowering the bank rate (from 0.75% in early March to 0.10% in Mid march) by the Bank of England in the month of March are further expected to increase the demand for major appliances in the nation as it has lowered the borrowing costs for the people in the short term.
Increasing Household with Washing Machines in the United Kingdom
The washing machines sales in the United Kingdom is mainly driven by new innovations in the market and buoyant housing market and growth in housing number. The diffusion rate of washing machines in the United Kingdom has been between 97-98% in the past few years. Almost all of the households in the United Kingdom have appliances operating on electricity.
The country saw a rise in imports of the washing machine which is nearly around 4 million every year. According to the study, the washing machines sales in the United Kingdom are expected to drive by replacement by the users and first time washing machine buyers are also expected to increase in the market. However, tumble dryers have low penetration when compared to washing machines which can offer a great opportunity for the new brands and manufacturers.
UK Major Home Appliances Industry Overview
The United Kingdom's large appliance market is moderately consolidated with outside manufacturers leading the market in terms of product preference and innovation. R &D and disruptive innovation are the major adopted strategies by companies to bring new technologies and products in the market. In the refrigeration appliances, manufacturers are bringing in appliances with a higher capacity to meet the rising demand of people. Major Players include Beko (Arcelik), Whirlpool UK Appliances Ltd, and Dixons Carphone plc. Curry is one of the major market leaders in the United Kingdom Retail segment.
UK Major Home Appliances Market Leaders
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Whirlpool UK Appliances Ltd
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AB Electrolux
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Haier Corporation
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Panasonic UK & Ireland
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Gorenje Group
*Disclaimer: Major Players sorted in no particular order
UK Major Home Appliances Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET INSIGHTS
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4.1 Market Overview
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4.2 Market Dynamics
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4.2.1 Drivers
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4.2.2 Restraints
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4.2.3 Opportunities
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4.3 Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.5 Impact of Covid- 19 on the Market
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4.6 Government Regulations and Initiatives
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4.7 Technology Innovations in the Industry
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4.8 Insights on Major Built-in Appliances
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5. MARKET SEGMENTATION
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5.1 By Product
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5.1.1 Refrigerators
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5.1.2 Washing Machine
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5.1.3 Freezers
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5.1.4 Dryers
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5.1.5 Cookers
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5.1.6 Hoods
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5.1.7 Ranges
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5.1.8 Others
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5.2 By Distribution Channels
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5.2.1 Supermarkets & Hypermarkets
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5.2.2 Specialty Stores
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5.2.3 E-Commerce
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5.2.4 Others
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6. COMPETITIVE LANDSCAPE
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6.1 Market Concentration Overview
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6.2 Company Profiles
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6.2.1 AGA Rangemaster Ltd
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6.2.2 Glen Dimplex Group
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6.2.3 Whirlpool UK Appliances Ltd
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6.2.4 AB Electrolux
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6.2.5 Miele
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6.2.6 Philips
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6.2.7 Russell Hobbs
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6.2.8 Dyson
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6.2.9 Beko(Arcelik)
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6.2.10 Amica Group
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6.2.11 Gorenje Group
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- *List Not Exhaustive
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7. FUTURE OF THE MARKET
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8. ANALYST RECOMMENDATIONS
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9. DISCLAIMER
UK Major Home Appliances Industry Segmentation
The report offers the United Kingdom Major Home Appliances Market, which includes significant changes in the market dynamics, and the market overview. It also focuses on the assessment of the National accounts, economy, and the emerging market trends by segments. Competitive landscape overview along with major players profiles is also provided.
| By Product | |
| Refrigerators | |
| Washing Machine | |
| Freezers | |
| Dryers | |
| Cookers | |
| Hoods | |
| Ranges | |
| Others |
| By Distribution Channels | |
| Supermarkets & Hypermarkets | |
| Specialty Stores | |
| E-Commerce | |
| Others |
UK Major Home Appliances Market Research FAQs
What is the current United Kingdom Major Home Appliances Market size?
The United Kingdom Major Home Appliances Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in United Kingdom Major Home Appliances Market?
Whirlpool UK Appliances Ltd, AB Electrolux, Haier Corporation, Panasonic UK & Ireland and Gorenje Group are the major companies operating in the United Kingdom Major Home Appliances Market.
What years does this United Kingdom Major Home Appliances Market cover?
The report covers the United Kingdom Major Home Appliances Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the United Kingdom Major Home Appliances Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
UK Domestic Appliance Industry Report
Statistics for the 2024 UK Domestic Appliance market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. UK Domestic Appliance analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
