Australia Home Appliances Market Introduction and Overview
According to SPER Market Research, the Australia Home Appliances Market is estimated to reach USD 5.47 billion by 2033 with a CAGR 2.28%.
The report includes an in-depth analysis of the Australia Home Appliances Market, including market size and trends, product mix, distribution channels, and supplier analysis. Household appliances are mechanical and electrical devices used to carry out a variety of chores around the house, improving daily living's ease and efficiency. In domestic settings, these appliances are mostly utilized for food storage, cooking, cleaning, temperature control, and entertainment. The market for household appliances is divided into three segments: big appliances, commonly known as white goods, minor appliances, and consumer electronics. Large equipment known as "major appliances" are used for routine domestic chores like cooking, cleaning, and food preservation.
- LG Electronics Inc. and POSCO Holdings Inc. declared in May 2023 that they will work together to improve POSCO's smart factory technology. Robotics, artificial intelligence (AI), and wireless communication technologies will all be incorporated into the project.
- In November 2022, Whirlpool Corporation declared its support for Matter, the industry standard for smart home networking, as part of its efforts to make smart appliances function more cohesively in home ecosystems.
Market Opportunities and Challenges
Opportunities: The market for home appliances in Australia is expected to increase steadily and promisingly due to a number of factors, including the country's rapidly growing population, which is driving up real estate prices to keep up with the growing population. Innovation in either new items for new homes or sales of replacements for the market's current appliances are the results of this. Technology is always evolving in an effort to meet the ever-changing demands of consumers. The market for replacement sales is growing as a result of technological improvements, or the innovations that manufacturers include into product enhancement. Younger consumers have a preference for product designs because of their attractiveness, simplicity of use, automation, and customization capabilities, as well as their multipurpose nature.
Challenges: Numerous obstacles hinder the growth and development of the home appliances sector in Australia. Rising raw material costs and supply chain interruptions are two major issues that have increased manufacturers' production expenses. Appliance prices are impacted by this, making them more expensive for customers. International brands are also becoming more competitive in the market, which forces regional producers to come up with new ideas and provide competitive prices. Additionally, there is a growing market for ecological and energy-efficient products, which calls for a large investment in R&D. Furthermore, in order to remain relevant, manufacturers must constantly adjust to shifting consumer demands, such as the move toward smart home technology and the integration of Internet of Things (IoT) devices.
Market Competitive Landscape
The home appliance market in Australia is crowded, making it difficult for new companies to get in unless they drastically alter the things they provide. Due to the fierce competition among the several competitors, the market is quite competitive in terms of how each one serves the clientele. Panasonic Corporation, Whirlpool Corporation, Samsung Electronics, LG Electronics, and Electrolux AB are a few of the major market participants.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Major Appliances, By Small Appliances, By Distribution Channel.
|
| Regions covered | Eastern Region, Western Region, Northern Region, Southern Region. |
| Companies Covered | Bosch, Electrolux, Haier, Hisense, Kelvinator, LG Electronics, Miele, Panasonic Corporation, Samsung Electronics, Westinghouse, Others. |
COVID-19 Impact on Australia Home Appliances Market
The Australian home appliance sector was significantly impacted by the COVID-19 epidemic, both in terms of potential and problems. People spent more time indoors during lockdowns and instructions to stay at home, which increased demand for household appliances. Customers' emphasis on enhancing their living spaces for work, play, and self-care led to a rise in sales of products like air conditioners, refrigerators, washing machines, and kitchen equipment. Additionally, as more individuals cooked at home and wanted convenience, there was an increase in demand for tiny appliances like coffee makers, air fryers, and robotic vacuum cleaners.
Key Target Audience:
- Homeowners
- Renters
- Families
- Young Professionals
- Seniors
- Small Businesses
- Eco-conscious Consumers
- Tech-savvy Shoppers
- Renovators and Builders
- Hospitality Industry
Our in-depth analysis of the Australia Home Appliances Market includes the following segments:
| By Major Appliances: | RefrigeratorsFreezersDishwashing MachinesWashing MachinesOvensAir ConditionersOther |
| By Small Appliances: | Coffee/Tea Makers Food Processors Grills and Toasters Vacuum Cleaners Other |
| By Distribution Channel: | Mass Merchandisers Exclusive Stores Online Others |
Key Topics Covered in the Report:
- Australia Home Appliances Market Size (FY’2024-FY’2033)
- Overview of Australia Home Appliances Market
- Segmentation of Australia Home Appliances Market By Major Appliances (Refrigerators, Freezers, Dishwashing Machines, Washing Machines, Ovens, Air Conditioners, Other)
- Segmentation of Australia Home Appliances Market By Small Appliances (Coffee/Tea Makers, Food Processors, Grills and Toasters, Vacuum Cleaners, Other)
- Segmentation of Australia Home Appliances Market By Distribution Channel (Mass Merchandisers, Exclusive Stores, Online, Others)
- Expansion Analysis of Australia Home Appliances Market
- Problems and Obstacles in Australia Home Appliances Market
- Competitive Landscape in the Australia Home Appliances Market
- Impact of COVID-19 and Demonetization on Australia Home Appliances Market
- Details on Current Investment in Australia Home Appliances Market
- Competitive Analysis of Australia Home Appliances Market
- Prominent Players in the Australia Home Appliances Market
- SWOT Analysis of Australia Home Appliances Market
- Australia Home Appliances Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Australia Home Appliances Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Australia Home Appliances Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Australia Home Appliances Market
7. Australia Home Appliances Market, By Major Appliances (USD Million) 2020-2033
7.1. Australia Home Appliances Market Size, Share and Forecast, By Major Appliances, 2020-2026
7.2. Australia Home Appliances Market Size, Share and Forecast, By Major Appliances, 2027-2033
7.3. Refrigerators
7.4. Freezers
7.5. Dishwashing Machines
7.6. Washing Machines
7.7. Ovens
7.8. Air Conditioners
7.9. Other
8. Australia Home Appliances Market, By Small Appliances (USD Million) 2020-2033
8.1. Australia Home Appliances Market Size, Share and Forecast, By End User, 2020-2026
8.2. Australia Home Appliances Market Size, Share and Forecast, By End User, 2027-2033
8.3. Coffee/Tea Makers
8.4. Food Processors
8.5. Grills and Toasters
8.6. Vacuum Cleaners
8.7. Other
9. Australia Home Appliances Market, By Distribution Channel (USD Million) 2020-2033
9.1. Australia Home Appliances Market Size, Share and Forecast, By Distribution Channel, 2020-2026
9.2. Australia Home Appliances Market Size, Share and Forecast, By Distribution Channel, 2027-2033
9.3. Mass Merchandisers
9.4. Exclusive Stores
9.5. Online
9.6. Others
10. Australia Home Appliances Market Forecast, 2020-2033 (USD Million)
10.1. Australia Home Appliances Market Size and Market Share
11. Australia Home Appliances Market, By Region, 2020-2033 (USD Million)
11.1. Australia Home Appliances Market Size and Market Share By Region (2020-2026)
11.2. Australia Home Appliances Market Size and Market Share By Region (2027-2033)
11.3. Qatar
11.4. Saudi Arabia
11.5. United Arab Emirates
11.6. Egypt
11.7. Morocco
11.8. Nigeria
11.9. South Africa
11.10. Rest of Middle-East and Africa
12. Company Profile
12.1. Bosch
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Electrolux
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Haier
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Hisense
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Kelvinator
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. LG Electronics
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Miele
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Panasonic Corporation
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Panasonic Corporation
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Samsung Electronics
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Westinghouse
12.11.1. Company details
12.11.2. Financial outlook
12.11.3. Product summary
12.11.4. Recent developments
12.12. Others
13. Conclusion
14. Reference Links
15. List of Abbreviations