Sweden Kitchen Appliances Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.36 Billion |
| Market Size (2029) | USD 1.68 Billion |
| CAGR (2024 - 2029) | 4.35 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Sweden Kitchen Appliances Market Analysis
The Sweden Kitchen Appliances Market size is estimated at USD 1.36 billion in 2024, and is expected to reach USD 1.68 billion by 2029, growing at a CAGR of 4.35% during the forecast period (2024-2029).
The market for kitchen appliances is expected to grow due to the introduction of new shapes and sizes, as well as new features to make them more user-friendly. Several regulations regarding cleanliness and hygiene, are among the factors that are driving the market for kitchen appliances in Argentina.
Consumers are increasingly turning to e-commerce, which is driving the demand for kitchen appliances. The need to enhance the visual appeal of different food items is also driving the demand for these appliances soon. Modular and energy-saving kitchen equipment, like induction cooktops, fast cooking ovens, warming drawers, etc., are also driving the market growth.
The growing awareness of smart homes and smart technology, smart kitchen appliances are becoming increasingly popular in Sweden. They make life easier for consumers and offer a wide range of features that help them in the kitchen. Smart IoT and AI appliances analyse data, detect patterns, and optimize energy consumption. Consumers are looking for eco-friendly, energy efficient products such as smart kitchen appliances.
Sweden Kitchen Appliances Market Trends
Premiumization And Increasing Sales Of Small Kitchen Appliances is Driving the Market
Swedish consumers are increasingly looking for premiumization in small kitchen appliances. Premiumization has mainly been the key characteristic of an affluent and ageing consumer base. Sweden's kitchen appliance market boasts a robust market, buoyed by population growth, urbanization, rising household incomes, and evolving consumer lifestyles. Swedish buyers prioritize resilient, feature-rich appliances that emphasize energy efficiency. The sector encompasses diverse product segments, addressing various kitchen needs. Notable categories span from refrigerators, ovens, and dishwashers to blenders, coffee makers, and toasters. Swedish consumers place a premium on sustainability, energy efficiency, and the hallmark Scandinavian design. They increasingly seek appliances with eco-friendly attributes, like energy ratings, water-saving functions, and materials from sustainable or recycled sources. Simplicity, functionality, and minimalism, hallmarks of Scandinavian design, further shape their preferences. The Swedish kitchen appliances market is fiercely competitive, witnessing a tussle between domestic players like Electrolux, Husqvarna, and OBH Nordica, and global giants like Bosch, Siemens, and Miele. This competition hinges on factors like product quality, design, innovation, pricing, and brand reputation.
Increasing Internet Retail Sales Of Kitchen Appliance is Fueling the Market
While store-based retailers control the bulk of volume sales in kitchen appliances, internet retailing continues to make year-on-year profits. This is leading store-based retailers to increasingly embrace the opportunities offered by internet retailing rather than viewing it as a threat. Hence, e-commerce remains the primary focus of most retailers, with players investing in introducing, updating, and improving their online platforms.
Kitchen appliances are a segment of household appliances, as are small appliances. Over the period, the online revenue share of household appliances in Sweden increased to 53.9% of total sales in the previous year. Similarly, small appliances observed an increase in online sales.
Sweden Kitchen Appliances Industry Overview
The larger kitchen appliances segment is relatively concentrated in nature, with the three leading players being BSH Home Appliances, Electrolux, and Ikea, which account for almost two-thirds of retail volume sales between them. On the other hand, the smaller appliance market is fragmented. Philips seems to hold a dominant share in the market with the growing volume of sales of light fryers.
Sweden Kitchen Appliances Market Leaders
Electrolux
Asko Appliances AB
Amica Wronki SA
Arcelik AS
*Disclaimer: Major Players sorted in no particular order
Sweden Kitchen Appliances Market News
- In November 2023, Samsung Electronics Co. unveiled its plans to deploy its Net Zero Home solutions in the Brobyholm Smartcity, slated for development near Stockholm, Sweden. Samsung is teaming up with SMA Solar Technology, a leading player in solar tech, and ABB, renowned for its automation solutions, to spearhead the construction of these net-zero homes.
- In October 2023, Electrolux Group partnered with students from the Umeå Institute of Design (UID) in Sweden to brainstorm product concepts for the future household. The focus was on creating appliances tailored for a home assistant robot as the primary user, while catering to the diverse needs of humans as the owners.
Sweden Kitchen Appliances Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Bargaining Power of Buyers
4.5.2 Bargaining Power of Suppliers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Insights of Technology Innovations in the Market
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Food Processing
5.1.2 Small Kitchen
5.1.3 Large Kitchen
5.1.4 Other Product Types
5.2 By Distribution Channel
5.2.1 Specialist Retailers
5.2.2 E-commerce
5.2.3 Supermarkets and Hypermarkets
5.2.4 Department Stores
5.2.5 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Dongbu Daewoo Electronics
6.2.2 Electrolux AB
6.2.3 Asko Appliances AB
6.2.4 Amica Wronki SA
6.2.5 Konka Group Co. Ltd.
6.2.6 Arcelik AS
6.2.7 Haier Electronics Group Co. Ltd.
6.2.8 Gorenje Group
6.2.9 LG Electronics Nordic AB
6.2.10 Whirlpool*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Sweden Kitchen Appliances Industry Segmentation
A kitchen appliance is a home appliance, also referred to as a domestic appliance, that is a machine that assists in household functions such as cooking, cleaning, and food preservation.
The Swedish Kitchen Appliances Market is segmented by product type and distribution channel. By product type, the market is sub-segmented into food preparation appliances, small cooking appliances, large kitchen appliances, and other kitchen appliances. By distribution channel, the market is sub-segmented into specialist retailers, e-commerce, supermarkets and hypermarkets, department stores, and other distribution channels.
The report offers market size and forecasts for the Swedish kitchen appliance market in terms of value (USD) for all the above segments.
| By Product Type | |
| Food Processing | |
| Small Kitchen | |
| Large Kitchen | |
| Other Product Types |
| By Distribution Channel | |
| Specialist Retailers | |
| E-commerce | |
| Supermarkets and Hypermarkets | |
| Department Stores | |
| Other Distribution Channels |
Sweden Kitchen Appliances Market Research FAQs
How big is the Sweden Kitchen Appliances Market?
The Sweden Kitchen Appliances Market size is expected to reach USD 1.36 billion in 2024 and grow at a CAGR of 4.35% to reach USD 1.68 billion by 2029.
What is the current Sweden Kitchen Appliances Market size?
In 2024, the Sweden Kitchen Appliances Market size is expected to reach USD 1.36 billion.
Who are the key players in Sweden Kitchen Appliances Market?
Electrolux, Asko Appliances AB, Amica Wronki SA and Arcelik AS are the major companies operating in the Sweden Kitchen Appliances Market.
What years does this Sweden Kitchen Appliances Market cover, and what was the market size in 2023?
In 2023, the Sweden Kitchen Appliances Market size was estimated at USD 1.30 billion. The report covers the Sweden Kitchen Appliances Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Sweden Kitchen Appliances Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Sweden Kitchen Appliances Industry Report
Statistics for the 2024 Sweden Kitchen Appliances market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Sweden Kitchen Appliances analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
