UK Household Appliances Market Outlook

The united kingdom has seen considerable growth in the household appliances market in the past few years. this has been due to a combination of factors such as increased consumer confidence, increased affordability and the growing availability of new products and services. according to the latest forecasts by market research company euromonitor international, the market for household appliances is likely to continue to expand over the next 14 years. over the forecast period (2018-2032), uk’s household appliances market is expected to grow at an estimated average annual growth rate (aagr) of 4.1%. this growth is expected to be driven by factors such as increased demand for energy-efficient products, innovative technology and connected devices, as well as the continued adoption of smart home and home automation systems. in terms of product type, washing machines and refrigerators are expected to remain the largest segments of the uk’s household appliances market, accounting for an estimated 52.6% and 15.4% of the market, respectively. despite some growth in sales, the traditional white goods market, which includes items such as washing machines, refrigerators and ovens, is expected to remain relatively static over the forecast period. however, growth is expected to come from emerging product categories such as steam ovens, coffee makers and vacuum cleaners. the emergence of connected appliances is another factor that is expected to drive growth in the market. increasingly, customers are demanding appliances that are easier to use, smarter and more energy efficient, as well as offering added functionality, such as remote control and voice control. this has led to the development of a range of devices that are internet connected and can be controlled via smartphones or voice-activated assistants such as amazon’s alexa and google home. overall, the uk’s household appliances market is expected to remain buoyant in the coming years. technological advances and innovation, combined with advances in energy efficiency and connected appliances, are likely to continue to drive market growth over the forecast period. the increasing availability of new products and services, alongside a growing consumer demand, should bode well for the continued growth of the uk’s household appliance market.