Market Size of United Kingdom 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 |
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UK Small Home Appliances Market Analysis
There has been enormous growth in small home appliances in the United Kingdom and the appliance industry owing to increasing homeowners' desirability for small appliances. Demand for small home appliances in the United Kingdom grew in the third quarter till 2019, and the demand in the 2020 quarters is forecasted to show declining growth in sales owing to the Covid-19 impacts on the market. However, the online channel of distribution for some small appliances such as hair dryers, and premium category products are gaining popularity among aspirational consumers in the market.
The factors driving the demand for small home appliances are a rise in smart homes, increasing spending of consumers, the energy efficiency of appliances, and replacement sales of old devices through refurbishing houses.
The latest trend in home appliances, including small home appliances, is energy efficiency and connectivity in line with IoT (Internet of Things), wherein most appliances can be remotely controlled or are equipped with sensors designed to auto-manage the appliances. Smart appliances, and smart homes, are expected to drive this category ahead to achieve higher growth rates.
