Consumer appliances in 2024: The big picture
Retail volume sales of consumer appliances are set to continue to fall in Norway in 2024, reflecting ongoing challenges in the economic landscape. Cost of living pressures, derived from inflation and higher for longer interest rates, combined with a sluggish housing market are serving to dampen household sentiment and, by extension, demand for appliances.
2024 key trends
There is a growing focus on energy efficiency in the innovation strategies of appliance manufacturers, motivated by Norwegian households’ sensitivity to rising energy prices. Energy efficient models offer long-term cost savings by lowering energy costs.
Competitive landscape
In 2024, retail volume sales are set to continue to be dominated by recognisable established brand names, such as Bosch, Electrolux and Wilfa This is particularly evident in major appliances where branding, distribution and economies of scale are key factors in success. This represents a barrier to entry for potential entrants, and accordingly, the review period has witnessed few new market entrants or sizeable share changes.
Retailing developments
E-commerce is set to remain the leading sales channel for consumer appliances in Norway in 2024. The strength of online retailing is supported by the convenience it offers and the sheer variety of products available.
What next for consumer appliances?
Retail volumes are expected to remain sluggish over the forecast period, with sales projected to stagnate. Households will continue to display caution in their purchasing patterns until they feel more secure about their financial wellbeing.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Appliances industry in Norway 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 Norway, 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 Norway 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 Norway?
- Which are the leading brands in Norway?
- How are products distributed in Norway?
- 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 Norway
Consumer appliances in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for consumer appliances?
DISCLAIMER
Dishwashers in Norway
KEY DATA FINDINGS
Economic uncertainty drives down volume sales
Moderating retail price points
Innovation focuses on energy efficiency
Ongoing weakness of demand
Innovation strategies
Growing importance of single- and two-person households
Home Laundry Appliances in Norway
KEY DATA FINDINGS
Volume sales falling
Rising energy costs and sustainability concerns sharpen focus on energy efficiency
Growing interest in smart appliances
Uncertain outlook
Ongoing focus on innovation
Sustainability concerns to exert growing influence
Large Cooking Appliances in Norway
KEY DATA FINDINGS
Downward pressure on volume sales
Efficacy improvements
Health and wellbeing
Macro-economic conditions set to dampen demand
Rising awareness of sustainability issues
Connectivity and the rise of smart, AI-enabled technology
Microwaves in Norway
KEY DATA FINDINGS
Volume sales decrease
Moderating retail price growth
Growing emphasis on personalisation
Cautious outlook
Increasing interest in versatility
Incremental efficacy improvements
Refrigeration Appliances in Norway
KEY DATA FINDINGS
Falling volume sales
Growing focus on design
Minimising food waste
Uncertain outlook
Ongoing interest in design and aesthetics
Energy efficiency to become increasingly important
Air Treatment Products in Norway
KEY DATA FINDINGS
Volumes dampened by weak economic conditions
Sales fall away after strong health focused demand
Smaller household sizes exerting infuence on demand
Economic conditions leading to uncertain outlook
Growing focus on design
Respiratory health concerns
Food Preparation Appliances in Norway
KEY DATA FINDINGS
Volume decline
Compact and multi-functional
Increasing emphasis on convenience
Challenging times ahead
Services and ecosystems
Opportunities for premiumisation
Personal Care Appliances in Norway
KEY DATA FINDINGS
Slight volume increase
Price increases moderating
Multi-functionality becoming increasingly important
Challenging economic outlook
Intelligent technology
Demand for multi-functionality to dampen volume growth
Small Cooking Appliances in Norway
KEY DATA FINDINGS
Falling volume sales
Space and multi-functionality
Air fryers subcategory taps into health and wellness trend
Uncertain outlook
Focus on sustainability
Potential for upmarket shift
Vacuum Cleaners in Norway
KEY DATA FINDINGS
Convenience a key consumer focus
Stick and robotic models chime with evolving preferences
Increasing presence of AI-enabled models
Economic uncertainty to undermine demand
Sustainability and focus on respiratory health
Increasing emphasis on multi-functionality
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.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Consumer Appliances research and analysis database.
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