Market Size of United Kingdom Major Home Appliances Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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UK Major Home Appliances Market Analysis
The United Kingdom's major home appliances market is highly saturated and the major appliances such as washing machines, refrigerators market have been growing at a moderate pace. The factors contributing to the purchase are mainly renovation of households or replacement purchases.
The market had grown in response to strong residential construction activity and recovering consumer confidence in the appliances industry. However, the weakening of Pound and low manufacturing due to the lockdown has constrained the market in the Q1 of 2020. The constrained housing activity due to the lockdown and uncertainty over the European Union referendum can restrain the growth of the market to some extend.
E-commerce has become the trend for purchasing home appliances in the market including major home appliances. The trend is witnessed to see a rise in the future owing to low-cost benefits and discounts available which is making buying easy for low to the middle class as well as for people with lower budget strings. Major home appliances that are seeing the innovation in the market are connected in line with IoT concepts. Large built-in cooking appliances such as ranges and ovens, built in refrierators are also in demand due to rise of single households and space conservation issue.
