Market Size of France Home Appliances Industry
| 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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.
