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Household Appliances Market in France 2023-2027: A Descriptive Analysis of the Five Forces Model, Market Dynamics and Segmentation

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NEW YORK, January 5, 2023 /PRNewswire/ — According to Technavio, France appliance market should grow by $3.62 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 4.46% during the forecast period. In addition, the growth dynamic will accelerate.

Technavio has announced its latest market research report titled France Home Appliances Market 2023-2027

Technavio has announced its latest market research report titled France Home Appliances Market 2023-2027

For more information on market size, request a sample report

home appliance market in France – Five forces
The home appliance market in France is fragmented, and the five forces analysis covers –

  • The bargaining power of buyers

  • The threat of new entrants

  • Threat of rivalry

  • Bargaining power of suppliers

  • The threat of substitutes

  • For the interpretation of Porter’s five forces model – buy the report!

home appliance market in France – Customer landscape

The report includes the market adoption lifecycle, from innovator to laggard. It focuses on adoption rates in different regions based on penetration. In addition, the report also includes key purchase criteria and price sensitivity factors to help companies assess and develop their growth strategies.

home appliance market in France – Segmentation assessment

Overview of segments
Technavio has segmented the market based on product (major appliances and small appliances) and distribution channel (offline and online).

  • the major appliances segment will grow at a high rate during the forecast period. Major appliances include refrigeration appliances, major cooking appliances, washing appliances, room amenities and water heaters (including air conditioning, circulation and ventilation fans, radiators and heaters). -water) and dishwashers. High disposable income and rapid urbanization are increasing the sales of these devices.

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home appliance market in France Market dynamics

Key driver of market growth

  • Technological innovation and product launches are driving the growth of France appliance market.

  • Most product innovations in the consumer electronics market in France are related to technology, performance, function and design.

  • Customers prefer appliances that can perform multiple tasks with minimal resources. Consequently, vendors are expanding their product portfolios to meet growing and changing consumer demands.

  • These factors are expected to drive the growth of the market over the forecast period.

Main trends influencing the market

  • Smart and connected devices are gaining groundwhich is a trend in the market.

  • Consumers prefer smart devices to simplify their daily tasks. Smart devices allow users to control their devices through their smartphones.

  • These devices ease consumers’ daily workloads by enabling integration with mobile apps and other interfaces that record, monitor and control temperature based on the environment.

  • Hence, increasing adoption of smart and connected devices will support the growth of the market over the forecast period.

Major challenges hampering the growth of the market

  • Fluctuations in raw material prices and operational costs challenge the market.

  • Market prices for household appliances depend on many factors, such as the cost of labor, raw materials, distribution and marketing.

  • However, fluctuating commodity prices pose a challenge to manufacturers as they directly impact their product prices as well as profit margins. Plastic, steel and rubber are some of the main raw materials needed to produce household appliances.

  • Fluctuating oil prices affect the transportation costs of raw materials and finished products.

  • These factors will limit the growth of the Household Appliances Market in France during the forecast period.

Drivers, trends, and challenges impact market dynamics, which can impact businesses. Discover some ideas from a sample report!

What are the key data covered by this France household appliances market report?

  • CAGR of the market over the forecast period

  • Detailed information on the factors that will drive the growth of the Home Appliances Market in France between 2023 and 2027

  • Accurate estimation of the size of the home appliance market in France and its contribution to the parent market

  • Accurate predictions on upcoming trends and changes in consumer behavior

  • An in-depth analysis of the market competitive landscape and detailed vendor information

  • Complete analysis of the factors that will test the growth of France appliance market sellers

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Household appliance market in France Scope

Report cover

Details

Page number

124

base year

2022

Historical period

2017-2021

Forecast period

2023-2027

Growth momentum and CAGR

Accelerate at a CAGR of 4.46%

Market Growth 2023-2027

$3.62 billion

Market structure

Fragmented

Annual growth 2022-2023 (%)

3.84

Competitive landscape

Main suppliers, supplier market positioning, competitiveness
industry strategies and risks

Profiled Key Companies

AB Electrolux., Arcelik AS, Breville USA Inc., GROUP
BRANDT, Haier Smart Home Co. Ltd., Hisense International Co.
Ltd., LG Electronics Inc., MIDEA Group, Panasonic Holdings
Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., The
Middleby Corp., Voltas Ltd., Whirlpool Corp., Hitachi Ltd. and
Sharp Corp.

Market dynamics

Parent Market Analysis, Market Growth Drivers & Barriers,
analysis of fast growing and slow growing segments, COVID 19
impact and recovery analysis and future consumer dynamics,
and analysis of market conditions for the forecast period.

Personalization area

If our report did not include the data you are looking for,
you can contact our analysts and get personalized segments.

Personalization area

If our report did not include the data you are looking for,
you can contact our analysts and get personalized segments.

Explore Technavio’s Consumer Discretionary Market Reports

Contents

1. Summary

2 Market landscape

3 Market sizing

4 Historical market size

5 Five forces analysis

6 Market Segmentation by Product

7 Market Segmentation by Distribution Channel

8 Customer Landscape

9 drivers, challenges and trends

10 Supplier Landscape

11 Vendor Analysis

12 Appendix

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Manager
USA: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Household appliances market in France 2023-2027

Household appliances market in France 2023-2027

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