Israel Home Appliances Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Israel Home Appliances Market segmented by Product type (Major appliances(Refrigerators, Freezers, Dishwashing Machines, Washing Machines, Ovens, Air Conditioners, Other Major Appliances), Small appliances(Coffee/Tea Makers, Food Processors, Grills and Roasters, Vacuum Cleaners, Other Small Appliances)), by Distribution Channel (Multi-Branded Stores, Flagship Stores, Specialty Stores, Online, and Other Distribution Channels).

Market Snapshot

United Arab Emirates Home Appliances Market
Study Period: 2018-2027
Base Year: 2021
CAGR: >10 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

COVID-19 has disrupted the global supply chain of the major home appliances and consumer electronic brands.Due to the COVID-19 outbreak, the Israel home appliance industry faced a temporary period of insufficient production capacity in the first half of 2020; however, the market is again regaining its strength in the second half. The online retail channels witnessed a massive surge in demand as people tend to stay at home to quarantine themselves. 

The market is largely driven by the expat population and the growing number of tourists visiting the country. Increasing population with an expanding consumer base dominated by the higher proportion of expatriate, youth and working class population. Many large scale malls and shopping centers are presently under development in the Israel amid governments’ and private players’ investments in developing infrastructure to complement the growing population, a rising tourism sector and increasing GDP per capita.

Increased international brands have intensified competition within the retail market and Increased penetration of various high-end retailers and demand for retail space have increased the rental rates in Israel recently. Furthermore, retailers are pressurized by the new labor localization laws, market-priced utility costs, and new tax measures such as value added tax (VAT).

Scope of the Report

A complete background analysis of Israel 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. Israel Home Appliances Market segmented by Product type (Major appliances(Refrigerators, Freezers, Dishwashing Machines, Washing Machines, Ovens, Air Conditioners, Other Major Appliances), Small appliances(Coffee/Tea Makers, Food Processors, Grills and Roasters, Vacuum Cleaners, Other Small Appliances)), by Distribution Channel (Multi-Branded Stores, Flagship Stores, Specialty Stores, Online, and Other Distribution Channels).

By Product type
Major Appliances
Refrigerators
Freezers
Dishwashing Machines
Washing Machines
Ovens
Air Conditioners
Other Major Appliances
Small Appliances
Coffee/Tea Makers
Food Processors
Grills and Roasters
Vacuum Cleaners
Other Small Appliances
By Distribution Channel
Multi-Branded Stores
Flagship Stores
Specialty Stores
Online
Other Distribution Channels

Report scope can be customized per your requirements. Click here.

Key Market Trends

Larger appliances play a key role in the Israel’s home appliance market

Refrigerators are much popular larger home appliances that every home need and in the recent times, Israeli refrigerator market, the sales of Haier refrigerators increased by 4 times in the past 5 years. The refrigerators with a capacity of 600L and below ranked first and have gradually seized the opportunity in the Israeli home appliance market. The market is the most realistic “battlefield” to test the brand strength. It is precisely these market performances that cannot be ignored that have attracted the attention of local media and concluded that Haier has gradually become a global leader in household appliances. Haier is gradually winning the Israeli home appliance market. It is a global leader in home appliance brands, and the pointers to Haier's success in Israel include advanced technology, constant innovation, strict quality requirements and localized transformation driven by international layout.

israel.png

Ecommerce sales in home appliances market stay strong and most preferred channel by the Israelis

The Israeli e-commerce market has grown strongly in the recent years. As per the statistics, in 2019, e-commerce revenue reached about USD 6 billions with an increase of 24% compared to the previous year.The Israeli E-Commerce market contributed to the worldwide growth rate of 29% in 2021. Consumers are mostly researching online before making a purchase, and with a larger number of young smartphone users joining the customer base, it is just a matter of time before pre-purchase online research gets converted into actual online transaction. The GCC online channel has witnessed the emergence of quite a few online players that have registered stronger growth. Souq.com is one of the most prominent online retailers in the MENA region. Awok.com is another UAE-based online retailer which had witnessed a 500% Y-o-Y increase in its revenues in April 2015. While there was some low base effect (as this was only the second year of its operations), a revenue growth rate of 500% clearly shows that online retailing is catching up in the GCC region.

Israel Home Appliances Market

Competitive Landscape

Israel is the epitome for the global market, and staying at the top in the Israeli market is a portrayal of Haier's globalization. The Israeli market is home to many brands and there exists fierce competition. Haier is the first and only Chinese brand to promote high-end home appliances in the Israeli market. Its rapid market response and persistent pursuit of quality and design had set a benchmark for the export of China's home appliance industry.

Recent Developments

  • On September 23, 2021,LG Electronics has announced that it has signed a deal to acquire a stake in Cybellum, which is an Israel-based automotive cybersecurity firm. According to LG, this deal will be coming in several parts. First, it will be acquiring a 64% stake in Cybellum, for USD 140 million. Then, further it will pay USD 20 million in the form of a simple agreement for future equity note.
  • In Israel's home appliance business, Whirlpool produced micro appliances at lower costs that can be installed in smaller spaces.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. INDUSTRY DYNAMICS AND INSIGHTS

    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 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitutes

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Insights into Technological Advancements in the Industry

    7. 4.7 Impact of COVID 19 On the Industry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product type

      1. 5.1.1 Major Appliances

        1. 5.1.1.1 Refrigerators

        2. 5.1.1.2 Freezers

        3. 5.1.1.3 Dishwashing Machines

        4. 5.1.1.4 Washing Machines

        5. 5.1.1.5 Ovens

        6. 5.1.1.6 Air Conditioners

        7. 5.1.1.7 Other Major Appliances

      2. 5.1.2 Small Appliances

        1. 5.1.2.1 Coffee/Tea Makers

        2. 5.1.2.2 Food Processors

        3. 5.1.2.3 Grills and Roasters

        4. 5.1.2.4 Vacuum Cleaners

        5. 5.1.2.5 Other Small Appliances

    2. 5.2 By Distribution Channel

      1. 5.2.1 Multi-Branded Stores

      2. 5.2.2 Flagship Stores

      3. 5.2.3 Specialty Stores

      4. 5.2.4 Online

      5. 5.2.5 Other Distribution Channels

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concentration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 Candy Israel

      2. 6.2.2 Electrolux AB

      3. 6.2.3 Godrej Group

      4. 6.2.4 Haier Electronics Group Co. Ltd.

      5. 6.2.5 LG Electronics

      6. 6.2.6 Panasonic Corporation

      7. 6.2.7 Samsung Electronics

      8. 6.2.8 Viking Range, LLC

      9. 6.2.9 Whirlpool

      10. 6.2.10 Defy Appliances (Pty) Ltd.*

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

  8. 8. DISCLAIMER AND ABOUT US

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Israel Home Appliances Market market is studied from 2018 - 2027.

The Israel Home Appliances Market is growing at a CAGR of >10% over the next 5 years.

Candy Israel, Electrolux AB, Godrej Group, Haier Electronics Group Co. Ltd., LG are the major companies operating in Israel Home Appliances Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!