Small Electrical Appliance Global Market By Product Type, By Application, By Distribution Channel, By End User, Opportunity Analysis and Forecast, 2024-2033 | Electrolux AB, Dyson Ltd., Monte Carlo, Craftmade, Litex, Fanimation

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Overview and Scope
Small electric appliance manufacturing is defined as semi-portable or portable machines that are used on tabletops or countertops to do certain household tasks.

Sizing and Forecast
The small electrical appliance market size has grown rapidly in recent years. It will grow from $147.29 billion in 2023 to $162.32 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to electrification of households, urbanization and convenience, regulatory safety standards, growing trend of smart homes, rising disposable income.

The small electrical appliance market size is expected to see strong growth in the next few years. It will grow to $230.83 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to smart home integration, sustainability and energy efficiency, health and wellness trends, home office and remote work, aging population. Major trends in the forecast period include connectivity and iot, compact and portable designs, voice control, multi-functionality, sustainable materials.

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Segmentation & Regional Insights
The small electrical appliance market covered in this report is segmented –
1) By Product: Household Type Fans, Household Type Vacuum Cleaners, Other Household Type Small Electric Appliances
2) By Application: Home, Commercial
3) By Distribution Channel: Supermarket & Hypermarkets, Specialty Stores, E-Commerce, Others Distribution Channel

Asia-Pacific was the largest region in the small electrical appliances market in 2023. Western Europe was the second-largest region in the small electrical appliance market. The regions covered in the small electrical appliance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
Increased electrification especially in rural areas has contributed to the growth of the small electrical appliances market in the forecast period. Electrification coupled with the rise in disposable income has boosted the demand for household-type fans. For instance, in 2022, according to the Organization for Economic Co-operation and Development, a France-based intergovernmental organization, across the OECD, the average household net adjusted disposable income per capita is $30,490 a year. The rise in disposable income increased the purchasing power of the people which in turn has increased the market for small electrical appliances.

Key Industry Players
Major companies operating in the small electrical appliance market include Electrolux AB, Dyson Ltd., Panasonic Corporation, Koninklijke Philips N.V., Haier Group Corporation, Midea Group Co. Ltd, Miele & Cie. KG, Samsung Electronics, LG Electronics, BISSELL, Bosch, iRobot Corporation, Hunter Fan Company, Casablanca, Emerson Ceiling Fans, Minka, Monte Carlo, Craftmade, Litex, Fanimation, Kichler, Crompton Greaves, Orient fans, Usha, Havells India, BSH, Newell Brands Inc., Techtronic Industries Co Ltd., Conair Corporation, SharkNinja Operating LLC, Hamilton Beach Brands Holding Company, Black & Decker, Cuisinart, KitchenAid, Oster, Sunbeam Products, Braun, Rowenta, Tefal, Russell Hobbs, Morphy Richards, Groupe SEB, De’Longhi, Kenwood Limited, Hoover, Vax

The small electrical appliance market report table of contents includes:
1. Executive Summary