The Global White Goods Market is expected to grow during the forecasting period 2023-2030. White goods are large electrical goods used in the home, including refrigerators, cookers, blenders, air fryers, washing machines, freezers, tumble driers, dishwashers, geysers, and air conditioners. These kitchen appliances are used to reduce human efforts in day-to-day life. The applications of these white goods include, Cooking & preserving various types of food and beverages, Washing & drying clothes in households and hospitals, Providing heating & cooling systems with fans, Air conditioners, Steam systems and Coolers.
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Market Dynamics
The global white goods market driven by rising demand and sale of home appliances with a surge in people's disposable income. Further increasing disposable income with a surge in urbanization and growing demand for human comfort have propelled the white goods market as white goods such as air conditioning, coolers, and fans demand is increasing rapidly due to changing environmental conditions.Rising of the consumer's goods such as refrigerators, air-conditioning due to climate change globally White goods such as heating, ventilation, and air conditioning systems demand are increasing rapidly due to the surge in disposable income and growing urban population demand globally. For instance, as per our world data the global urban population reached which is more than 50% of the global population, and is projected to reach a created a massive demand for refrigerators, air-conditioning systems, and air cooling systems globally.
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Segment Analysis
The global white goods are segmented on type, end-user, and region. Based on Type into Cleaning Equipment, Sewing Machines, Preservation & Cooking Equipment, Heating & Cooling Equipments. Based on End-User the market divided into Household, Hospitals & Clinics, Drycleaners & Cleaning Agencies, Hospitality Industry and, Others.Rising demand for cleaning equipment due to a surge in the prevalence of Covid-19 infection cases globally. In terms of product, the global white goods are bifurcated into cleaning equipment, sewing machines, preservation & cooking equipment, heating & cooling equipment, etc. Among these, cleaning equipment had the highest market share in 2019, primarily due to the surge in the prevalence of the Covid-19 cases globally.
Competitive Landscape
The white goods market is highly segregated with local and global small and large scale leading players. Some of the major players contributing to the growth of the market include Johnson Controls, Whirlpool Corporation, Panasonic Corporation, IFB Industries, Samsung, Sharp Corporation, LG Electronics, Hitachi, Ltd, Robert Bosch GMBH, Symphony Limited, Blue Star Limited, ARÇELIK A.S., Godrej & Boyce Mfg. Co. Ltd., AB Electrolux, Haier Inc., Midea Group, Siemens, TCL Corporation, Mitsubishi Electric Corporation, and others.
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