NEW
YORK, July 4, 2024 /PRNewswire/ -- The home
appliances market size in France
is estimated to grow by USD 3.8
billion from 2024-2028, according to Technavio. The market
is estimated to grow at a CAGR of 4.51% during the
forecast period. Innovation and product launches driving
growth is driving market growth, with a trend
towards smart and connected appliances gaining traction.
However, fluctuations in raw material prices and operational
costs poses a challenge. Key market players include
Arcelik A.S., Breville Group Ltd., Electrolux group, GROUPE BRANDT,
Haier Smart Home Co. Ltd., Hisense International Co. Ltd., Hitachi
Ltd., LG Electronics Inc., MIDEA Group Co. Ltd., Panasonic Holdings
Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sharp
Corp., The Middleby Corp., Voltas Ltd., and Whirlpool Corp..
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segments, customer landscape, and companies- View the
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Home Appliances
Market In France Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
4.51%
|
Market growth
2024-2028
|
USD 3.8
billion
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
3.9
|
Regional
analysis
|
France
|
Performing market
contribution
|
Europe at
100%
|
Key
countries
|
France
|
Key companies
profiled
|
Arcelik A.S., Breville
Group Ltd., Electrolux group, GROUPE BRANDT, Haier Smart Home Co.
Ltd., Hisense International Co. Ltd., Hitachi Ltd., LG Electronics
Inc., MIDEA Group Co. Ltd., Panasonic Holdings Corp., Robert Bosch
GmbH, Samsung Electronics Co. Ltd., Sharp Corp., The Middleby
Corp., Voltas Ltd., and Whirlpool Corp.
|
Market Driver
The home appliances market in France is experiencing significant growth due
to increasing consumer preference for smart appliances. Factors
such as rising purchasing power, growing number of nuclear
families, popularity of modular kitchens, and changing eating
habits are influencing this trend. Freezer refrigerators, equipped
with advanced technology like heat pumps and insulating chambers,
keep food fresh for extended periods. Smart appliances offer
convenience with easy-to-use features and remote access through
mobile applications. These devices integrate with mobile apps and
interfaces to control temperatures and monitor status in real-time.
The growing adoption of smart and connected appliances is a major
factor driving the market's growth in France during the forecast period.
The Home Appliances Market in France is experiencing significant growth due
to lifestyle changes, with a focus on safety, security, and
convenience. Smart home appliances, including air conditioners (AC)
and electric appliances for cooking, washing, and cleaning, are
popular choices for working individuals, nuclear families, and
single person homes. Energy efficiency and AI-enabled appliances
are key trends, with advanced functions such as Wi-Fi connectivity,
voice control, temperature sensors, and home automation becoming
increasingly important. The chip shortage has impacted the supply
of electronic products, affecting supply chains and microchips used
in home systems and consumer electronics. Agile operations and
digital transformation are essential for businesses to adapt to
variable cost structures and the increasing digital penetration of
online retailing. Smart washing machines with features like bionic
magic filter and 3D rolling wash are also gaining popularity in the
market. Overall, the home appliances sector in France is undergoing a significant shift
towards intelligent devices and home systems, driven by the IoT and
the demand for convenience and efficiency.
Research report provides comprehensive data on
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Report
Market Challenges
- The home appliances market in France is influenced by various factors that
impact the pricing of appliances. These factors include the cost of
labor, raw materials, distribution, marketing, and research and
development. Fluctuations in raw material prices, particularly for
plastic, steel, and rubber, pose a significant challenge for
manufacturers. International price volatility directly affects the
cost of these materials, which in turn impacts the final product
price and profit margins. Additionally, transportation costs, which
include taxes, duties, and fuel prices, are also subject to
fluctuation due to changes in petroleum prices. These
transportation costs represent a substantial portion of the overall
cost structure for home appliance manufacturers, potentially
hindering market growth in France
during the forecast period.
- The Home Appliances Market in France is experiencing significant changes due
to the rise of AI-enabled appliances and the chip shortage
impacting electronic products. Supply chains face challenges in
meeting consumer demand for advanced functions and intelligent
devices. Premium brands are leading the digital transformation with
touchless tech, Wi-Fi connectivity, and voice control in home
systems. Working individuals, nuclear families, and single person
homes are driving the digital penetration in consumer electronics.
Agile operations are crucial to meet the variable cost structures
of online retailing through e-commerce websites and physical
stores. Smart homes, including ACs, refrigerators, and washing
machines, are becoming standard with features like temperature
sensors, home automation, and IoT. High-tech users seek AI
technology in HVAC and refrigerators, while living standards
continue to rise with the adoption of smart washing machines and
their advanced features like bionic magic filter and 3D rolling
wash.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This home appliances market in France report extensively covers market
segmentation by
- Product
- 1.1 Major household appliances
- 1.2 Small household appliances
- Distribution Channel
- Geography
1.1 Major household appliances- The major
household appliances segment is the leading contributor to the home
appliance market in France in
2022, accounting for the highest sales. This segment includes
refrigeration appliances, large cooking appliances, washing
appliances, room comfort and water heater appliances, and
dishwashers. The high disposable income and urbanization in
France have increased consumer
awareness and purchasing power, enabling them to invest in premium
appliances without compromising quality. Replacement sales are a
significant trend, as consumers opt for updated products. However,
the high durability of appliances and the saturation of the market
pose challenges for players. Dishwashers are in high demand due to
their increasing adoption among the Gen-Y population and the
growing preference for water- and energy-efficient products. The
trend of reducing household sizes also boosts sales of built-in
appliances, particularly dishwashers and washing machines.
France's major household appliance
market growth is expected to be driven by these trends,
contributing significantly to the overall home appliance market
expansion during the forecast period.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Home Appliances market in France is witnessing significant growth due to
the increasing demand for premium, intelligent home appliances.
With the rise of artificial intelligence and the Internet of
Things, high tech users are embracing home appliances that offer
convenience, safety, and security. French consumers, particularly
those who are tech-savvy and internet users, are adopting smart
home appliances such as touchless tech refrigerators and washing
machines to enhance their lifestyle and living standards. Bright
air conditioning and HVAC systems with AI technology are also
gaining popularity for their energy efficiency and ability to
maintain optimal temperatures. Electronic appliances for cooking,
cleaning, and other homemaking tasks continue to be in demand, as
more and more people seek to make their lives easier and more
efficient.
Market Research Overview
The Home Appliances Market in France is experiencing significant growth as
consumers seek to enhance their living standards with Premium
brands offering Intelligent home appliances. Artificial
Intelligence (AI) and the Internet of Things (IoT) are driving
innovation, with Touchless tech, Electronic appliances, and High
tech users showing a preference for advanced functions and smart
home appliances. Refrigerators, washing machines, and cooking
appliances are popular categories, with Air conditioners (AC),
HVAC, and Energy efficient appliances gaining traction due to
lifestyle changes, safety, and convenience. The market is
witnessing a digital transformation, with online purchases and
e-commerce websites becoming increasingly popular. However, supply
chain disruptions due to chip shortages and advanced functions in
AI-enabled appliances and intelligent devices are posing
challenges. Consumers are adopting smart homes with Wi-Fi
connectivity, voice control, temperature sensors, and home
automation, making Homemaking tasks more efficient. Single person
homes, Nuclear families, and Working individuals are embracing
these trends, leading to a high demand for White goods and Cooking
appliances. The market is expected to continue growing as digital
penetration increases and Online retailing becomes the norm.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Major Household Appliances
- Small Household Appliances
- Distribution Channel
-
- Geography
-
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio