Consumer appliances in 2024: The big picture
Consumer appliances in Australia has had to face two significant challenges in 2024: inflation and changes in consumer preferences. The rise in the cost of living has impacted the ability of Australians to upgrade their appliances, as lower purchasing power means they are less inclined to make large investments.
2024 key trends
Sustainability and multifunctionality are the two main trends defining consumer appliances in 2024. Multipurpose appliances are much sought after as they allow users to maximise value and save space.
Competitive landscape
Innovation through AI, multifunctionality, and energy efficiency are shaping the competitive landscape of consumer appliances in 2024. The pursuit of value for money from consumers is encouraging brands to focus on creating solutions that become a strong investment in the long term.
Retailing developments
In 2024, the distribution of consumer appliances in Australia is increasingly focused on omnichannel strategies. Although physical stores, such as hypermarkets and appliances and electronics specialists, remain an important factor in final purchase decisions, online platforms are rapidly taking the lead in product research.
What next for consumer appliances?
Over the forecast period, retail volume sales of consumer appliances are predicted to return to consistent but moderate growth, with a focus on multifunctional, energy-efficient, and smart products. Premiumisation will return as consumers regain confidence and prioritise quality and longevity in their purchases as the economy stabilises.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Appliances industry in Australia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Dishwashers
- Home Laundry Appliances
- Large Cooking Appliances
- Microwaves
- Refrigeration Appliances
- Air Treatment Products
- Food Preparation Appliances
- Personal Care Appliances
- Small Cooking Appliances
- Vacuum Cleaners
If you're in the Consumer Appliances industry in Australia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Consumer Appliances in Australia report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Consumer Appliances in Australia?
- Which are the leading brands in Australia?
- How are products distributed in Australia?
- To what extent has COVID-19 and accordant macroeconomic and retail disruption impacted demand?
- How are considerations such as urban development and the rise in single-person households determining sales growth?
- Where is future growth expected to be most dynamic?
Consumer Appliances in Australia
Consumer appliances in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for consumer appliances?
DISCLAIMER
Dishwashers in Australia
KEY DATA FINDINGS
Economic conditions weaken category’s performance
Energy and water efficiency rank highly as features of dishwashers
Sustainability trend remains strong, with focus on recyclable materials
Brands to focus on differentiation to appeal to consumers’ diverse requirements
Connectivity to gain further ground within dishwashers
Design will remain important factor in the purchasing decision
Home Laundry Appliances in Australia
KEY DATA FINDINGS
Front-loading models and heat pump dryers often purchased as bundle deal
The search for value for money, as local economy pressurises consumer budgets
Energy efficiency and water usage ratings important factors
Sales strategies will help brands to survive the short-term period
Sustainability to remain prevalent trend in Australia
Families will remain predominant growth drivers over forecast period
Large Cooking Appliances in Australia
KEY DATA FINDINGS
Impact of high cost of living on willingness to invest in large cooking appliances
Range cookers still appeal as centrepiece of the kitchen
Sustainability through induction cooking
Design opportunities within large cooking appliances
Pyrolytic ovens set to gain greater attention as they become increasingly affordable
Brand relationships with e-commerce platforms
Microwaves in Australia
KEY DATA FINDINGS
Multifunctionality of microwaves becomes increasingly attractive
Cost-of-living pressures place focus on value for money and durability
Price an important aspect when buying microwaves
Increasing focus on aesthetics to support built-in format
New features as part of differentiation strategies
Innovation through meal preparation
Refrigeration Appliances in Australia
KEY DATA FINDINGS
Cooking at home and healthy eating
Housing market and new priorities
Energy consumption reduction
Sustainability as part of brand communication
Aesthetics and integrated design to promote higher-end models
Increase in connectivity with use of AI
Air Treatment Products in Australia
KEY DATA FINDINGS
Elevated cost of living influences demand for energy-efficient air treatment products
Shift away from gas increases demand for split air conditioners
Innovation through air purification
Aftersales services a strong opportunity to create long-term relationships
Smart models set to gain a stronger presence
Sustainability integrated as part of strategies for TCL and Panasonic
Food Preparation Appliances in Australia
KEY DATA FINDINGS
Multifunctionality an important aspect of food preparation appliances
Premiumisation strategies focus on performance
Expansion of convenient cordless appliances
Compact and efficient models will be increasingly important to attract consumers
Affordability and user-friendly appliances to remain growth drivers
Design-driven consumers offer opportunity for premiumisation
Personal Care Appliances in Australia
KEY DATA FINDINGS
Affordability a major aspect driving consumers’ purchasing decisions
Personalisation and multifunctionality increasingly demanded by consumers
Energy efficiency an important feature within the category
Wet-to-dry innovation within hair care appliances
Increasing penetration of connected beauty devices
Consumers demand hair protection and advanced heat control
Small Cooking Appliances in Australia
KEY DATA FINDINGS
Demand continues to fall, but air fryers bucks declining trend due to convenience
Multifunctionality is important consideration
Time-saving solutions offer specific value to busy consumers
Volumes to stabilise, but competition and promotions limit value growth potential
Online engagement essential for brands
Premiumisation as part of differentiation strategies
Vacuum Cleaners in Australia
KEY DATA FINDINGS
AI and smart feature integration within vacuum cleaners
Consumers increasingly demand hands-free and self-cleaning technology
The rising appeal of multifunctional wet and dry vacuum cleaners
Future demand for high-performance but affordable models
Customisation and connectivity to increasingly feature in new models
Space-saving and cordless solutions for greater convenience
The following categories and subcategories are included:
Consumer Appliances
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- Built-In Major Appliances
- Freestanding Major Appliances
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- Built-in Dishwashers
- Freestanding Dishwashers
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- Built-in Home Laundry Appliances
- Freestanding Home Laundry Appliances
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- Built-in Automatic Dryers
- Freestanding Automatic Dryers
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- Built-in Automatic Washer Dryers
- Freestanding Automatic Washer Dryers
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- Built-in Automatic Washing Machines
- Freestanding Automatic Washing Machines
- Semi-Automatic Washing Machines
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- Built-in Large Cooking Appliances
- Freestanding Large Cooking Appliances
- Built-in Hobs
- Ovens
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- Built-in Cooker Hoods
- Freestanding Cooker Hoods
- Cookers
- Range Cookers
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- Built-in Microwaves
- Freestanding Microwaves
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- Built-in Refrigeration Appliances
- Freestanding Refrigeration Appliances
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- Built-in Electric Wine Coolers/Chillers
- Freestanding Electric Wine Coolers/Chillers
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- Built-in Freezers
- Freestanding Freezers
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- Built-in Fridge Freezers
- Freestanding Fridge Freezers
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- Built-in Fridges
- Freestanding Fridges
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- Air Purifiers
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- Portable Room Air Conditioners
- Split Air Conditioners
- Window Air Conditioners
- Air Coolers
- Cooling Fans
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- Dehumidifiers
- Humidifiers
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- Blenders
- Food Processors
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- Centrifugal Juicers
- Slow Juicers
- Mixers
- Other Food Preparation Appliances
- Heating Appliances
- Irons
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- Body Shavers
- Electric Facial Cleansers
- Hair Care Appliances
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- Battery Toothbrush Units
- Electric Toothbrush Units
- Other Oral Care Appliances
- Other Personal Care Appliances
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- Breadmakers
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- Espresso Coffee Machines
- Filter Coffee Machines
- Other Standard Coffee Machines
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- Hard Pods
- Soft Pods
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- Coffee Mills
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- Air Fryers
- Oil Based Fryers
- Electric Grills
- Electric Steamers
- Freestanding Hobs
- Kettles
- Rice Cookers
- Slow Cookers
- Other Small Cooking Appliances
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- Cylinder Vacuum Cleaners
- Handheld Vacuum Cleaners
- Stick Vacuum Cleaners
- Upright Vacuum Cleaners
- Steam Vacuum Cleaners
- Robotic Vacuum Cleaners
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Consumer Appliances
Consumer Appliances is the aggregation of major appliances and small appliances. Major appliances are an aggregate of the following categories: refrigeration appliances, home laundry appliances, dishwashers, large cooking appliances and microwaves. Small appliances are an aggregation of the following categories: food preparation appliances, small cooking appliances, vacuum cleaners, irons, personal care appliances, heating appliances and air treatment appliances.
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This report originates from Passport, our Consumer Appliances research and analysis database.
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