Consumer appliances in 2024: The big picture
In 2024, consumer appliances in China has been experiencing nuanced dynamics, characterised by an expected modest retail current value increase of 1%, juxtaposed with a 1% decline in retail volume terms. This scenario has been shaped by several trends, including diminished consumer demand, deflationary pressures, escalating costs, and a strategic pivot towards international markets.
2024 key trends
In 2024, consumer appliances in China is being profoundly influenced by key trends centred on convenience, functional integration, multifunctionality, and a heightened focus on health-oriented appliances. For instance, recent innovations in cleaning technologies are effectively addressing challenges such as edge cleaning, hair tangling, and self-cleaning enhancements, which collectively facilitate a truly hands-free user experience.
Competitive landscape
In 2024, consumer appliances in China showcases a complex interplay amongst brands operating at various tiers, reflecting a stable yet competitive landscape. Leading manufacturers are fortifying their positions through extensive product diversification, robust brand equity, and comprehensive omnichannel strategies.
Retailing developments
In 2024, the distribution of consumer appliances is showing several notable trends. First, the proportion of volume sales via retail e-commerce is set to continue to increase, especially via interest-based e-commerce platforms such as Douyin and Xiaohongshu, which effectively promote the sale of consumer appliances through content marketing and function display.
What next for consumer appliances?
From 2024 to 2029, sales of consumer appliances in China are expected to remain stable in retail volume terms, but slight growth is anticipated in retail current value terms. The industry is anticipated to undergo significant transformation, driven by advances in technology and the integration of AI.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Appliances industry in China 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 China, 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 China 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 China?
- Which are the leading brands in China?
- How are products distributed in China?
- 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 China
Consumer appliances in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for consumer appliances?
DISCLAIMER
Dishwashers in China
KEY DATA FINDINGS
Resilient growth of dishwashers despite real estate pressures
Consumer preference for large capacity dishwashers drives sales
Slow price growth due competition and inflation
Low penetration rate and technological innovation by local brands to fuel steady growth
Centralisation and technological prowess to drive the competition in dishwashers
Strategic partnerships and servitisation in dishwashers
Home Laundry Appliances in China
KEY DATA FINDINGS
Small rise in sales for home laundry appliances
Shifting consumer preference, with the rise of large and mini washing machines
Competitive dynamics in automatic washing machines
Revolutionising home laundry appliances with integration, innovation, and blurred definitions
Functional segmentation and collaborative strategies
Personalised products through tailor-made AI and stylish exterior design
Large Cooking Appliances in China
KEY DATA FINDINGS
Continued path to recovery thanks to the revitalisation of cooker hoods and built-in hobs
Struggle of range cookers amidst property market slump and consumer apathy
Exploring the quality-price balance in large cooking appliances
Education will communicate the benefits of large cooking appliances to consumers
Advances in health-oriented technologies in large cooking appliances
Built-in hobs with smarter algorithms and stronger output
Microwaves in China
KEY DATA FINDINGS
Microwaves continues to experience competition and price sensitivity
Shifts in consumption patterns and product premiumisation
Microwaves dominated by Midea and Galanz
Intelligence and multifunctionality will be increasingly important in microwaves
However, simplicity may appeal to some consumers
Personalised designs to meet consumers’ aesthetic needs
Refrigeration Appliances in China
KEY DATA FINDINGS
Little movement for refrigeration appliances amidst economic downturn and government incentives
Premiumisation due to rising costs and shifting corporate strategies
Competitive strategies due to shrinking domestic demand and rising costs
Continued growth, and offering different features as consumer requirements change
Incorporation of AI in refrigeration appliances
Replacement incentives and circular refrigeration appliances
Air Treatment Products in China
KEY DATA FINDINGS
Intensified price war in air conditioners due to weak demand
Stable slow growth for humidifiers and dehumidifiers, and decline for air purifiers
Competitive strategies and innovations in air conditioners
AI creates opportunities for profit enhancement
Growing popularity of scenario-based air treatment products
Global expansion of Chinese air conditioner brands
Food Preparation Appliances in China
KEY DATA FINDINGS
Food preparation appliances sees a drop in volume sales and unit price in 2024
Joyoung maintains its lead in food preparation appliances
Food preparation appliances sees increasing concentration
Food preparation appliances expected to maintain its declining trend
Smart and small likely to be the future of food preparation appliances
Share of volume sales via e-commerce expected to continue rising
Personal Care Appliances in China
KEY DATA FINDINGS
Volume sales of personal care appliances return to decline in 2024
The popularity of high-speed hair dryers and product development support the strong growth of hair care appliances
Other personal care appliances experiences a double-digit decline
Personal care appliances expected to return to volume growth
Brands from small cooking appliances and food preparation appliances enter personal care appliances
More personal care appliances likely to be intelligent
Small Cooking Appliances in China
KEY DATA FINDINGS
Overall volume decline, with varying performances across categories
Healthy and convenient cooking is the leading trend
Local brands perform well in espresso coffee machines
Unit prices set to decrease in some categories to boost volume sales, while overall volume sales are expected to decline
Robot stir fryers in the very early stages of development and require long-term observation
Top three brands likely to continue to dominate, but opportunities will remain for smaller brands
Vacuum Cleaners in China
KEY DATA FINDINGS
Upright and robotic vacuum cleaners set to perform well in 2024
Continuous innovation in vacuum cleaners
Ecovacs continues to lead robotic vacuum cleaners, but its share is expected to decline in 2024
Steady growth in vacuum cleaners, with increased penetration expected
The popularity of pets may provide new opportunities for vacuum cleaners
Rising number of multifunctional products expected, but cleaning efficacy should be the priority
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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