Consumer appliances in 2024: The big picture
Retail volume sales of consumer appliances are set to fall slightly in Hungary in 2024. Sales of consumer appliances have been affected by ongoing price increases, especially during the first half of the year.
2024 key trends
Despite strong price increases, consumers have become increasingly interested in products that offer easy manipulation and high levels of convenience in the midst of ever more hectic lifestyles. This trend has been most prominent in specific areas of small appliances, such as food preparation appliances and vacuum cleaners.
Competitive landscape
Fast Hungary Kft is set to retain the leading position in consumer appliances in the Hungarian market in 2024, followed by Philips Hungaria Kft. The two players are active in multiple product areas, with both having a strong position in small appliances, which Fast Hungary Kft leads.
Retailing developments
The hypermarkets channel is expected to see a further decline in its share of overall consumer appliances volume sales in 2024. The channel has suffered from the declining availability of consumer appliances in its stores and the growing number of consumers preferring to make purchases via e-commerce due to the convenience offered by online shopping, including the ability to avoid long queues, save time and easily find the cheapest products available or attractive discounts.
What next for consumer appliances?
Retail volume sales of consumer appliances are expected to rise slightly over the forecast period. While the small appliances segment is set to see an increase in volumes, however, major appliances volume sales are expected to stagnate.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Appliances industry in Hungary 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 Hungary, 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 Hungary 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 Hungary?
- Which are the leading brands in Hungary?
- How are products distributed in Hungary?
- 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 Hungary
Consumer appliances in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for consumer appliances?
DISCLAIMER
Dishwashers in Hungary
KEY DATA FINDINGS
Limited impact of price rises
Dishwashers appeal to larger households
Appliances and electronics specialists remains the leading channel
Growth in both volume and value sales expected
Built-in dishwashers to outperform freestanding options
E-commerce presents growing threat to appliances and electronics specialists
Home Laundry Appliances in Hungary
KEY DATA FINDINGS
Volume sales hit by high prices
Consumers postpone replacement purchases until economy improves
Electrolux set to extend lead
Further fall in volumes expected
Automatic dryers and automatic washer dryers to see growth
Growing interest in smart appliances and innovative functions
Large Cooking Appliances in Hungary
KEY DATA FINDINGS
Sales hit by heightened consumer budget consciousness
Freestanding cooker hoods performs poorly
Ovens subcategory proves relatively resilient
Engagement in delayed renovation projects to support demand
Built-in cooker hoods to replace freestanding appliances
Deepening penetration of connected products
Microwaves in Hungary
KEY DATA FINDINGS
Microwaves less affected by high rates of inflation than other major appliances
Freestanding models remain most popular
Fast Hungary continues to gain share
Sluggish growth expected
Appliances and electronics specialists to remain the most important distribution channel
Focus on saving space
Refrigeration Appliances in Hungary
KEY DATA FINDINGS
Rising prices drive value growth while undermining volumes
Electric wine coolers/chillers puts in relatively strong performance
Growing appreciation of large models
Lack of replacement purchases to impede recovery
Electric wine coolers/chillers the lone bright spot in volume terms
Further expansion fo e-commerce expected
Air Treatment Products in Hungary
KEY DATA FINDINGS
Air treatment products stands out for its strong performance
Return to growth for split air conditioners
Gree set to extend lead in air treatment products
Generally positive outlook, but window air conditioners’ struggles set to continue
Positive performance expected for dehumidifiers
Heat pumps may pose threat
Food Preparation Appliances in Hungary
KEY DATA FINDINGS
Demand undermined by heightened budget consciousness
Health and wellness trend boosts demand for slow juicers
BSH Kft stays out in front
Recovery expected
Fast growth for slow juicers
Economic improvements to support expanding range of decision making factors
Personal Care Appliances in Hungary
KEY DATA FINDINGS
Positive performance from personal care appliances
Hair care appliances volume sales boosted by price increases in salons
Oral care appliances benefits from increasing interest in oral hygiene
Changing profile of personal care applances
Improved performance for hair care appliances
Ongoing expansion of electric facial cleansers
Small Cooking Appliances in Hungary
KEY DATA FINDINGS
Slight decline in volumes
Waning demand for coffee machines
Growing interest in healthy meal preparation
Retutn to growth
Environmental concerns underrmine demand for pod coffee machines
Positive outlook for air fryers
Vacuum Cleaners in Hungary
KEY DATA FINDINGS
Declining demand for cylinder vacuum cleaners
Strong demand for convenience
Robotic vacuum cleaners returns to growth
Decline of cylinder and stick models to constrain category performance
Further expansion of robotic vacuum cleaners expected
Limited potential for the development of steam vacuum cleaners
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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