The cordless appliances market size has grown strongly in recent years. It will grow from $40.63 billion in 2023 to $43.92 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth during the historic period can be attributed to several factors, including a rising consumer preference for convenience and portability, expansion in the home improvement and renovation sector, improvements in safety and performance features, increased disposable income and spending on household goods, and greater adoption of smart home technology.
The cordless appliances market size is expected to see strong growth in the next few years. It will grow to $60.26 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth during the forecast period can be attributed to several factors, including the rising trend of home automation and smart home integration, expansion into emerging markets with growing middle-class populations, increased focus on health and hygiene, and government incentives and regulations promoting energy-efficient appliances. Major trends expected during this period include the integration of advanced sensors and AI for enhanced functionality, the development of multi-use and versatile cordless appliances, a focus on sleek and ergonomic design improvements, the use of sustainable and recyclable materials, and advancements in wireless charging technologies.
The growing demand for smart home solutions is anticipated to boost the growth of the cordless appliance market. Smart home solutions encompass various technologies and systems that integrate multiple devices and appliances within a home to improve convenience, comfort, security, energy efficiency, and automation. The increasing desire for convenience and automation, which allows remote control of home systems, is driving this demand. Technological advancements and better connectivity also make these solutions more accessible and attractive. Cordless appliances are favored in smart homes due to their convenience and seamless integration with automation systems, which offer flexibility and reduce cable clutter. For example, a report by techUK, a UK-based tech industry membership association, indicated in November 2022 that 77% of UK adults would own at least one connected home device, up from 67% pre-pandemic, reflecting a 1% increase since 2021. Additionally, the proportion of 'advanced adopters' - those owning over three connected home devices - rose to 26% in 2022 from 24% in 2021. Consequently, the rise in smart appliances is expected to drive the growth of the cordless appliance market.
Leading companies in the cordless appliances market are focusing on incorporating advancements in wireless technology, such as wireless charging, to simplify the user experience by eliminating cables and connectors. Wireless charging allows devices to be charged simply by placing them on compatible charging pads, enhancing convenience and flexibility. For instance, in May 2023, Klipsch Group Inc., a US-based company known for its audio equipment, including speakers and headphones, introduced the T5 II ANC true wireless stereo (TWS) earphones. These earphones cater to the growing demand for advanced features such as active noise cancellation (ANC) and wireless charging. They also feature Bragi's AI-powered gesture controls for intuitive operation and are designed with redesigned drivers and Dirac HD sound technology for superior audio quality. This launch highlights Klipsch’s strategy to compete in the premium TWS earphone market with innovative features and high-quality audio performance.
In June 2023, ABB Ltd., a Switzerland-based automation company, acquired Eve Systems GmbH for an undisclosed amount. This acquisition is set to enhance ABB's offerings in energy-efficient and smart home solutions, addressing the increasing demand for retrofitting existing buildings. Eve Systems GmbH, based in Germany, specializes in manufacturing smart home products, particularly cordless appliances.
Major companies operating in the cordless appliances market are Samsung Electronics Co. Ltd., Hitachi Ltd., LG Electronics Inc., Panasonic Corporation, Midea Group, Haier Group Corporation, Whirlpool Corporation, Koninklijke Philips N.V., BSH Home Appliances Group, Black+Decker Inc., Electrolux AB, Dyson Ltd, Makita Corporation, Miele & Cie. KG, SharkNinja Operating LLC, iRobot Corporation, Breville Group, Hoover Company, Bissell Inc., Hamilton Beach Brands Holding Company, Vitamix, Blendtec, Cuisinart, Russell Hobbs Limited, Wacaco, Oster, Tineco Intelligent Technology Co. Ltd., Megachef.
North America was the largest region in the cordless appliances market in 2023. The regions covered in the cordless appliances market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the cordless appliances market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Cordless appliances are household or personal devices that operate without needing a direct electrical cord or plug connection to a power outlet. Instead, they rely on internal batteries or wireless charging systems. This design provides greater convenience, mobility, and flexibility, allowing users to operate these appliances without being limited by the length of a power cord or the need to be near an outlet.
The main types of cordless appliances include vacuum cleaners, mixers, blenders, electric kettles, coffee makers, choppers, electric shakers, lamps, table fans, and other similar devices. For instance, a cordless vacuum cleaner uses rechargeable batteries to clean floors and surfaces, offering improved maneuverability and ease of use, making it ideal for quick and efficient cleaning in various home environments. These appliances are distributed through online and offline channels, with end users including both residential and commercial sectors.
The cordless appliances market research report is one of a series of new reports that provides cordless appliances market statistics, including cordless appliances industry global market size, regional shares, competitors with an cordless appliances market share, detailed cordless appliances market segments, market trends and opportunities, and any further data you may need to thrive in the cordless appliances industry. This cordless appliances market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The cordless appliance market consists of sales of cordless vacuum cleaners, cordless drills, and cordless blenders. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The cordless appliances market size is expected to see strong growth in the next few years. It will grow to $60.26 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth during the forecast period can be attributed to several factors, including the rising trend of home automation and smart home integration, expansion into emerging markets with growing middle-class populations, increased focus on health and hygiene, and government incentives and regulations promoting energy-efficient appliances. Major trends expected during this period include the integration of advanced sensors and AI for enhanced functionality, the development of multi-use and versatile cordless appliances, a focus on sleek and ergonomic design improvements, the use of sustainable and recyclable materials, and advancements in wireless charging technologies.
The growing demand for smart home solutions is anticipated to boost the growth of the cordless appliance market. Smart home solutions encompass various technologies and systems that integrate multiple devices and appliances within a home to improve convenience, comfort, security, energy efficiency, and automation. The increasing desire for convenience and automation, which allows remote control of home systems, is driving this demand. Technological advancements and better connectivity also make these solutions more accessible and attractive. Cordless appliances are favored in smart homes due to their convenience and seamless integration with automation systems, which offer flexibility and reduce cable clutter. For example, a report by techUK, a UK-based tech industry membership association, indicated in November 2022 that 77% of UK adults would own at least one connected home device, up from 67% pre-pandemic, reflecting a 1% increase since 2021. Additionally, the proportion of 'advanced adopters' - those owning over three connected home devices - rose to 26% in 2022 from 24% in 2021. Consequently, the rise in smart appliances is expected to drive the growth of the cordless appliance market.
Leading companies in the cordless appliances market are focusing on incorporating advancements in wireless technology, such as wireless charging, to simplify the user experience by eliminating cables and connectors. Wireless charging allows devices to be charged simply by placing them on compatible charging pads, enhancing convenience and flexibility. For instance, in May 2023, Klipsch Group Inc., a US-based company known for its audio equipment, including speakers and headphones, introduced the T5 II ANC true wireless stereo (TWS) earphones. These earphones cater to the growing demand for advanced features such as active noise cancellation (ANC) and wireless charging. They also feature Bragi's AI-powered gesture controls for intuitive operation and are designed with redesigned drivers and Dirac HD sound technology for superior audio quality. This launch highlights Klipsch’s strategy to compete in the premium TWS earphone market with innovative features and high-quality audio performance.
In June 2023, ABB Ltd., a Switzerland-based automation company, acquired Eve Systems GmbH for an undisclosed amount. This acquisition is set to enhance ABB's offerings in energy-efficient and smart home solutions, addressing the increasing demand for retrofitting existing buildings. Eve Systems GmbH, based in Germany, specializes in manufacturing smart home products, particularly cordless appliances.
Major companies operating in the cordless appliances market are Samsung Electronics Co. Ltd., Hitachi Ltd., LG Electronics Inc., Panasonic Corporation, Midea Group, Haier Group Corporation, Whirlpool Corporation, Koninklijke Philips N.V., BSH Home Appliances Group, Black+Decker Inc., Electrolux AB, Dyson Ltd, Makita Corporation, Miele & Cie. KG, SharkNinja Operating LLC, iRobot Corporation, Breville Group, Hoover Company, Bissell Inc., Hamilton Beach Brands Holding Company, Vitamix, Blendtec, Cuisinart, Russell Hobbs Limited, Wacaco, Oster, Tineco Intelligent Technology Co. Ltd., Megachef.
North America was the largest region in the cordless appliances market in 2023. The regions covered in the cordless appliances market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the cordless appliances market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Cordless appliances are household or personal devices that operate without needing a direct electrical cord or plug connection to a power outlet. Instead, they rely on internal batteries or wireless charging systems. This design provides greater convenience, mobility, and flexibility, allowing users to operate these appliances without being limited by the length of a power cord or the need to be near an outlet.
The main types of cordless appliances include vacuum cleaners, mixers, blenders, electric kettles, coffee makers, choppers, electric shakers, lamps, table fans, and other similar devices. For instance, a cordless vacuum cleaner uses rechargeable batteries to clean floors and surfaces, offering improved maneuverability and ease of use, making it ideal for quick and efficient cleaning in various home environments. These appliances are distributed through online and offline channels, with end users including both residential and commercial sectors.
The cordless appliances market research report is one of a series of new reports that provides cordless appliances market statistics, including cordless appliances industry global market size, regional shares, competitors with an cordless appliances market share, detailed cordless appliances market segments, market trends and opportunities, and any further data you may need to thrive in the cordless appliances industry. This cordless appliances market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The cordless appliance market consists of sales of cordless vacuum cleaners, cordless drills, and cordless blenders. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Cordless Appliances Market Characteristics3. Cordless Appliances Market Trends and Strategies32. Global Cordless Appliances Market Competitive Benchmarking33. Global Cordless Appliances Market Competitive Dashboard34. Key Mergers and Acquisitions in the Cordless Appliances Market
4. Cordless Appliances Market - Macro Economic Scenario
5. Global Cordless Appliances Market Size and Growth
6. Cordless Appliances Market Segmentation
7. Cordless Appliances Market Regional and Country Analysis
8. Asia-Pacific Cordless Appliances Market
9. China Cordless Appliances Market
10. India Cordless Appliances Market
11. Japan Cordless Appliances Market
12. Australia Cordless Appliances Market
13. Indonesia Cordless Appliances Market
14. South Korea Cordless Appliances Market
15. Western Europe Cordless Appliances Market
16. UK Cordless Appliances Market
17. Germany Cordless Appliances Market
18. France Cordless Appliances Market
19. Italy Cordless Appliances Market
20. Spain Cordless Appliances Market
21. Eastern Europe Cordless Appliances Market
22. Russia Cordless Appliances Market
23. North America Cordless Appliances Market
24. USA Cordless Appliances Market
25. Canada Cordless Appliances Market
26. South America Cordless Appliances Market
27. Brazil Cordless Appliances Market
28. Middle East Cordless Appliances Market
29. Africa Cordless Appliances Market
30. Cordless Appliances Market Competitive Landscape and Company Profiles
31. Cordless Appliances Market Other Major and Innovative Companies
35. Cordless Appliances Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Cordless Appliances Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on cordless appliances market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
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- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for cordless appliances? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product Type: Vacuum Cleaner; Mixer; Blender; Electric Kettle; Coffee Maker; Chopper; Electric Shaker; Lamp; Table Fan; Other Product Types2) By Distribution Channel: Online; Offline
3) By End-User: Residential; Commercial
Key Companies Mentioned: Samsung Electronics Co. Ltd.; Hitachi Ltd.; LG Electronics Inc.; Panasonic Corporation; Midea Group
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Samsung Electronics Co. Ltd.
- Hitachi Ltd.
- LG Electronics Inc.
- Panasonic Corporation
- Midea Group
- Haier Group Corporation
- Whirlpool Corporation
- Koninklijke Philips N.V.
- BSH Home Appliances Group
- Black+Decker Inc.
- Electrolux AB
- Dyson Ltd
- Makita Corporation
- Miele & Cie. KG
- SharkNinja Operating LLC
- iRobot Corporation
- Breville Group
- Hoover Company
- Bissell Inc.
- Hamilton Beach Brands Holding Company
- Vitamix
- Blendtec
- Cuisinart
- Russell Hobbs Limited
- Wacaco
- Oster
- Tineco Intelligent Technology Co. Ltd.
- Megachef
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | September 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 43.92 Billion |
Forecasted Market Value ( USD | $ 60.26 Billion |
Compound Annual Growth Rate | 8.2% |
Regions Covered | Global |
No. of Companies Mentioned | 28 |