China Small Home Appliances Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

China Small Home Appliances Market is segmented by Product (Vacuum Cleaners, Small Kitchen Appliances, Personal Care Appliances, Irons, Heating Appliances, Food Preparation Appliances, Others), and by Distribution Channel (Supermarkets, Specialty Stores, Online, and Other Distribution Channels).

China Small Home Appliances Market Snapshot

China Small Home Appliances Market
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 1.5 %

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Market Overview

China’s small home appliances market has expanded considerably over recent years. The Chinese home appliances market is experiencing a profitable growth due to improving disposable incomes, urbanization, and increasing consumption of home appliances in rural areas. China is the fastest growing home appliances market all over the world. Being technically advanced and relatively cheaper, many countries are importing home appliances from China. China is the largest consumer market for home appliances. Rising incomes and the desire for a comfortable and western-oriented lifestyle are the reasons for the positive development. Advances in urbanization, the development of the real estate market and intelligent electronic devices provide fertile ground for the growth of the home appliance market. The technological efforts undertaken by brands in the home appliance market in China will allow the sector to remain competitive.

Scope of the Report

A complete background analysis of the China Small Home Appliances Market, which includes an assessment of the National accounts, economy, and the emerging market trends by segments, significant changes in the market dynamics, and the market overview is covered in the report.

Product
Vacuum Cleaners
Small Kitchen Appliances
Personal Care Appliances
Irons
Heating Appliances
Food Preparation Appliances
Others
Distribution Channel
Supermarkets
Specialty Stores
Online
Other Distribution Channels

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Key Market Trends

Technological Advancements Driving the Market

China owns the largest home appliances market in the world in terms of its volume. It is one of those rare markets that show a trend for a consistently high growth over the recent years. With leading manufacturers introducing more small, handy, intelligent products that could be actively managed and operated from smartphones or other devices, artificial intelligence implementation is the main trend in this market. The launch of technology driven small appliances is encouraging consumers to transform their basic kitchen into a smart kitchen. Technological advancements and replacement play a vital role in the growth of the China home appliance market trends.

China Small Home Appliances Market

Internet Retailing Continues to Gain Share in the Market

Internet retailing is the process of selling the goods and services through electronic media, particularly the internet. The boom in e-commerce in China is being supported by its convenience in terms of product comparison and home delivery, broad product offer, competitive pricing, and capacity to reach consumers who do not have easy access to other channels. Internet retailing became increasingly important in small cooking appliances. The channel provides a wide range of small cooking appliances capable of satisfying consumers’ increasingly diverse and personalised requirements.

China Small Home Appliances Market

Competitive Landscape

The report covers major international players operating in the China Small Home Appliances Market. In terms of market share, some of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value Chain / Supply Chain Analysis

    5. 4.5 Porters 5 Force Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Impact of COVID-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product

      1. 5.1.1 Vacuum Cleaners

      2. 5.1.2 Small Kitchen Appliances

      3. 5.1.3 Personal Care Appliances

      4. 5.1.4 Irons

      5. 5.1.5 Heating Appliances

      6. 5.1.6 Food Preparation Appliances

      7. 5.1.7 Others

    2. 5.2 Distribution Channel

      1. 5.2.1 Supermarkets

      2. 5.2.2 Specialty Stores

      3. 5.2.3 Online

      4. 5.2.4 Other Distribution Channels

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concentration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 Haier

      2. 6.2.2 Midea Group

      3. 6.2.3 Gree Electric Appliances Inc.

      4. 6.2.4 Changhong

      5. 6.2.5 TCL Corporation

      6. 6.2.6 Joyoung

      7. 6.2.7 Galanz Group

      8. 6.2.8 Skyworth

      9. 6.2.9 Supor

      10. 6.2.10 Konka Group

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. APPENDIX

  9. 9. DISCLAIMER

**Subject to Availability

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Frequently Asked Questions

The China Small Home Appliances Market market is studied from 2016 - 2026.

The China Small Home Appliances Market is growing at a CAGR of 1.5% over the next 5 years.

Haier, Midea Group, Gree Electric Appliances Inc., Changhong, TCL Corporation are the major companies operating in China Small Home Appliances Market.

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