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2020-09-01
741
Asia Pacific
Built-in appliances are meant for HNI (High net worth individuals) customers and come with a premium pricing. Consumer durables major players like Whirlpool, LG, Electrolux, Samsung, BSH, etc are looking to double the business from the built-in appliances space. Major players have tied-up with real estate players like DLF through which they are able to provide the appliance solutions to their customer. Players like Samsung expands into built-in kitchen appliances market with Sempio, their partnership tends to strengthen its built-in appliances business, eyeing on the rising demand for built-in kitchens for luxury mansions, premium apartments and food businesses. Middle East built-in appliance market is expected to register a 6.02% CAGR over the forecast period. Moreover, the Asia Pacific Built-In Appliance Market is likely to achieve substantial revenue over the forecast period i.e. 2017-2030. The market is projected to expand on the back of rising disposable income coupled with changing lifestyle.
Strong Momentum For Built-In Major Domestic Appliances
Built-in major domestic appliances (MDAs) like built-in cookers/stoves, hobs, dish washers, freezers, microwaves, tumble dryers and washing machines were the pacemaker in global domestic appliance sales growth in the market in 2017. Taking almost USD 1 of every USD 4 spent, sales of built-in MDAs increased 3.61%. Without the contribution of built-in, the global MDA market would not have grown at all in 2016. Apart from China, Australia & Japan, India, Thailand, Indonesia, Korea, Maldives, Malaysia & Singapore are the most dynamic geographic markets for built-in products.
Global Scenario
The worldwide market for Built-in Kitchen Appliances is anticipated to grow at a CAGR of roughly 6.04 % over the next five years, will reach USD 8.61 Billion by 2025, from USD 4.91 Billion in 2017.
Regionally, Europe tops in built-in refrigeration and home laundry appliances and ovens, whereas North America leads in built-in dishwashers and microwaves, driven by the growth in middle- to high-income households. Asia Pacific has experienced the growth especially in built-in hobs and cooker hoods. Key channels of built-in appliances market are construction and kitchen designer/specialists, with which appliance manufacturers should broaden collaborations in order to increase sales, also long-term supply partnerships with developers and kitchen specialists maintains long-term revenues.
On The Basis Of Built-in Appliance Category
On The Basis Of Channels
On The Basis Of Countries
The level of market development varies substantially between countries. The geographic spread plays its part in hindering manufacturers and retailers from capturing substantial
market shares. China & Japan is dominated by Western manufacturers and a large market for replacement products is emerging. Penetration in other APAC countries too is high as growth is high and in line with rising household purchasing power. The Asia Pacific offers a base for regional manufacturing but is impacted by political uncertainty. Demand for appliances in emerging markets continued to be strong in 2018.
What’s New In The Market?
With its Generation 7000, Miele renewed its entire product range of built-in kitchen appliances, from ovens and hob units to steam ovens, coffee machines through to dishwashers. Home appliances maker Whirlpool, which is aiming to double sales in the next four years, expects non-core segments such as air-conditioners and built-in kitchen appliances to contribute to 20% of total sales by then.
Starting with french door ovens, touch-and-swipe controls in induction cooking, steam ovens to retain food’s nutrients and flavour, sous vide, vintage styles, countertop beer brewing, synched appliances, specialized fridge storage zones, chewable ice, classic series with rugged aesthetic of an industrial kitchen, etc are the trending products in the built-in appliances product portfolio.
Priorities of The Players
Increased focus on the strongest brands and product categories in Middle East. The aim is to grow profitably in focus categories in pace with economic recovery and growing prosperity in the region, particularly in China, Japan, India, Australia, South Korea, Thailand, Indonesia, Taiwan and Singapore.. Major players are positioned for future growth and increased sales in pace with growing markets in the Asian Countries. Recently, a strong recovery in demand has been noted in India & Singapore markets with increased sales for built-in appliances.
The report analyses and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Asia-pacific Built-in Appliances Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.
Bosch & Siemens (BSH) leads the built-in appliances market space, followed by Electrolux, Zhongshan Vatti Gas, Whirlpool Corp, Indesit Co SpA, Nortek Inc, Hangzhou Robam, Haier Group, Arçelik AS, and GD Midea Holding. However, Saudi Arabia, Qatar and UAE tends to be the potential target in the built-in appliances market, owing to the steady growth of construction channel in project sales and increasing number of furnished houses in emerging countries.
Competitive Analysis of The Key Players included in the Report
To build business strategy by identifying the high growth and attractive Built-in Kitchen Appliances market categories
A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements
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