Market Size of United Kingdom Home Appliances Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 10.30 Billion |
| Market Size (2029) | USD 12.09 Billion |
| CAGR (2024 - 2029) | 3.25 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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UK Home Appliance Market Analysis
The United Kingdom Home Appliances Market size is estimated at USD 10.30 billion in 2024, and is expected to reach USD 12.09 billion by 2029, growing at a CAGR of 3.25% during the forecast period (2024-2029).
COVID-19 has disrupted the global supply chain of home appliances and consumer electronic brands. The UK is one of the largest consumers and producers of various home appliances and consumer electronics products, but it also caters to a wide range of countries by exporting several input supplies that are essentially used to produce finished goods.
The home appliances market in the United Kingdom is mature with appliances like refrigerators, washing machines, and cookers accounting for more than 90% ownership rate in the country. Owing to this high penetration rate, almost 83% of new purchases are replacements sales, of which, approximately 53% are due to the breakdown of the currently used appliance. The replacement sales are largely driven by buyers moving to a new home/location, followed by their dynamic preferences/needs, innovations that the newly launched products hold, customers' willingness to upgrade the kitchen look, or increasing concerns about water and energy efficiency.
The changing interests of customers are also reflected in the way they buy their goods or products. Though more than half of appliances sold in 2021, were through store-based retailers, the share taken by online-only players has also grown rapidly. Non-retail channels such as builders and construction merchants occupied approximately 9% of the share, whereas the rest is divided among online-only sales, store-based sales, and store retailers who have an online presence too. This intense competition among all the channels is increasing the pricing pressure among various vendors.
