"Home Laundry Appliances in the United Kingdom" Published

From: Fast Market Research, Inc.
Published: Mon Apr 27 2015

The UK economy continued to improve slowly in 2014. A pick-up in the housing market and an increase in home renovations particularly benefited kitchen appliances. This had a positive impact on sales of built-in home laundry appliances as consumers opted for built-in models. In addition, property developers are increasingly offering homes fully fitted with major appliances so as to attract consumers and maintain property prices and profit margins. This trend also benefited built-in models in both washing machines and tumble dryers. According to the National House Building Council (NHBC), new home registrations in 2014 were estimated to have increased by 15% on 2013, with over a third of new homes taking the form of flats and maisonettes. The lack of space in flats and maisonettes drove demand for combination products such as automatic washer dryers.

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Competitive Landscape

Competition in home laundry appliances was intense in 2014. Manufacturers stepped up their product launches so as to benefit from the economic upswing in the country, with consumers feeling more confident about spending on big-ticket items.

Industry Prospects

Home laundry appliances in the UK is expected to perform well over the forecast period. Consumers will continue to invest in home renovation by moving further towards premium and high added-value products. The anticipated rising cost of energy and water will further drive the trend towards larger capacities; hence, positive growth in both retail volume and value terms is expected. As a result, home laundry appliances is set to register a volume CAGR of 2% and a value CAGR of 3% at constant 2014 prices over the forecast period.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Home Laundry Appliances industry in United Kingdom with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Home Laundry Appliances industry in United Kingdom, our research will save you time and money while empowering you to make informed, profitable decisions.

TheĀ Home Laundry Appliances inĀ United Kingdom market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation of international and local products
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country

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