Market Size of Italy Small Home Appliances Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 3.00 % |
| 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?
Italy Small Home Appliances Market Analysis
The COVID-19 pandemic has drastically affected the production and manufacturing of almost every industry in Italy. The outbreak of coronavirus resulted into nationwide lockdowns that disrupted the supply chain owing to work stoppages, labor shortages, and limited transportation. The stringent regulations and slowdown in economy hampered the growth of the home appliances market.The category includes hobs, hoods, kitchens, ovens, sous-vide appliances which are regarded in the market.
The Italian small home appliances market is also growing strongly, unlike the trend in the large appliance market. In particular, the products with the highest sales volumes are vacuum cleaners, hair-style products, products used for dental hygiene, coffee machines and hair dryers. Home appliance is a piece of equipment used to performance domestic activities such as cooking, cleaning, and food preservation. The home appliance market in Italy suffered from sluggish economic conditions, which resulted in only minimal growth of retail volumes in 2018. The home appliances market, both in terms of value and volume, remains subdued with major appliances segment following a similar pattern, while small appliances remain more dynamic than major appliances in current value terms.
Demand for small appliances is strong worldwide, which is expected to lead to Italy's market growth of 8.45% per year. The networking of home appliances are growing rapidly owing to its controls and key functions. The integration of IoT with home appliances for facilitating remote control, automation, and communication with other smart devices, which has enhanced the outcomes of the technology. IoT and connected small home appliances that can be switched off and on using sound and voice commands are also gaining popularity in the market. The market is considerably driven by trends such as effectiveness, diversity, sustainability, stylish design, and smart functionality of small home appliances. The small home appliance market offers significant growth opportunities as they are easy to use and help improve the quality of life.Technological advancements in this segment and the rise in consumer disposable income are expected to drive the Italy's Small Home Appliances Market over the predicted years.
