PUBLISHER: Acute Market Reports | PRODUCT CODE: 1366625
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1366625
Cordless appliances market is expected to grow at a CAGR of 6.5% during the forecast period of 2023 to 2031. The cordless appliances market has witnessed a transformation in recent years, offering consumers and businesses unparalleled convenience. The cordless appliances market continues to thrive due to significant drivers such as advancements in battery technology, a growing emphasis on portability, and increasing environmental consciousness. However, it faces the restraint of a limited battery lifespan. The market's segmentation by end-users and distribution channels reveals interesting trends, with residential and online segments dominating. Geographic trends indicate that Asia-Pacific is poised for remarkable growth. The competitive landscape is marked by innovation and strategic partnerships among industry leaders, ensuring a promising future for the cordless appliance market from 2023 to 2031.
One of the primary drivers of the cordless appliances market is the continual advancements in battery technology. The development of high-capacity, long-lasting batteries has significantly improved the performance and utility of cordless appliances, making them more appealing to consumers and businesses alike. Battery manufacturers have introduced lithium-ion batteries with enhanced energy densities and faster charging capabilities, resulting in longer cordless appliance runtimes. This trend is expected to continue throughout the forecast period.
The modern lifestyle places a premium on portability, driving the demand for cordless appliances. Consumers prefer the flexibility of cordless devices, which can be used anywhere without the constraint of power cords. This trend is particularly evident in the residential sector. Market surveys and consumer preferences indicate a rising inclination towards cordless appliances in residential kitchens and cleaning equipment. The convenience of cordless operation aligns with the busy lifestyles of consumers.
Increasing environmental consciousness is propelling the adoption of cordless appliances. Consumers and businesses are looking for eco-friendly alternatives that reduce energy consumption, and cordless appliances align with this sustainability trend. Cordless appliances typically consume less energy compared to their corded counterparts, which can lead to reduced carbon footprints. This factor resonates with environmentally conscious consumers and commercial enterprises.
Despite the significant advancements in battery technology, cordless appliances still face a notable restraint—limited battery lifespan. The rechargeable batteries used in these appliances degrade over time, resulting in reduced runtime and overall appliance lifespan. Consumer reviews and reports highlight the frustration of users when their cordless appliances no longer hold a charge as effectively as when new. This can lead to additional costs for battery replacement and environmental concerns related to battery disposal.
The cordless appliances market can be segmented by end-users into Residential and Commercial segments.
In 2022, the Residential segment accounted for the highest revenue share in the cordless appliances market. However, during the forecast period from 2023 to 2031, this segment is also expected to exhibit the highest CAGR. Market research data indicates that the adoption of cordless appliances in residential households has surged, driven by factors such as convenience, portability, and the desire for energy-efficient solutions.
The Commercial segment, which includes businesses, industries, and institutions, also contributed significantly to the cordless appliances market's revenue in 2022. During the forecast period from 2023 to 2031, this segment is expected to maintain a substantial CAGR. Commercial establishments, such as hotels, restaurants, and healthcare facilities, increasingly opt for cordless appliances due to their ability to streamline operations, enhance mobility, and reduce cord-related safety hazards.
The cordless appliances market can be further segmented by distribution channels into Online and Offline channels.
In 2022, the Online distribution channel witnessed a substantial surge in sales and revenue in the cordless appliances market. During the forecast period from 2023 to 2031, this channel is projected to maintain its dominance. The growth of online retail platforms and e-commerce has made it more convenient for consumers to browse, compare, and purchase cordless appliances online. Furthermore, the ongoing trend of online shopping is expected to continue.
The Offline distribution channel, encompassing physical retail stores and specialty appliance shops, remained a significant contributor to the cordless appliances market in 2022. However, during the forecast period, it is expected to exhibit a comparatively lower CAGR than the online channel. Offline retail stores still play a vital role in the cordless appliance market, particularly for consumers who prefer to physically examine products before making a purchase. Nevertheless, the convenience and variety offered by online platforms have influenced consumer preferences.
The cordless appliances market exhibits notable geographic trends, with specific regions showing higher growth rates and revenue percentages. During 2022, North America and Europe led in terms of revenue in the cordless appliances market due to high consumer purchasing power and early adoption of cordless technology. However, the Asia-Pacific region is anticipated to register the highest CAGR during the forecast period, driven by increasing urbanization, rising disposable incomes, and growing awareness of cordless appliances.
Top players in the cordless appliances market have employed various strategies to maintain their positions and drive growth. These strategies include innovation in battery technology, expansion of product portfolios, and strategic partnerships. Leading companies have invested significantly in research and development to create cutting-edge cordless appliances with longer battery life and enhanced features. They have also expanded their offerings to cater to a wider range of consumer and commercial needs, from kitchen appliances to power tools. Collaborations with e-commerce platforms and retailers have enabled them to reach a broader customer base.
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation ofCordless Appliances market are as follows:
Micro and macro environment factors that are currently influencing the Cordless Appliances market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
TABLE 3 Global Cordless Appliances Market By Mixer, 2021-2031, USD (Million)
TABLE 4 Global Cordless Appliances Market By Blender, 2021-2031, USD (Million)
TABLE 5 Global Cordless Appliances Market By Electric Kettle, 2021-2031, USD (Million)
TABLE 6 Global Cordless Appliances Market By Coffee Maker, 2021-2031, USD (Million)
TABLE 7 Global Cordless Appliances Market By End-User, 2021-2031, USD (Million)
TABLE 10 Global Cordless Appliances Market By Offline, 2021-2031, USD (Million)
TABLE 11 North America Cordless Appliances Market By Product, 2021-2031, USD (Million)
TABLE 13 North America Cordless Appliances Market By Mixer, 2021-2031, USD (Million)
TABLE 14 North America Cordless Appliances Market By Blender, 2021-2031, USD (Million)
TABLE 15 North America Cordless Appliances Market By Electric Kettle, 2021-2031, USD (Million)
TABLE 16 North America Cordless Appliances Market By Coffee Maker, 2021-2031, USD (Million)
TABLE 17 North America Cordless Appliances Market By End-User, 2021-2031, USD (Million)
TABLE 20 North America Cordless Appliances Market By Offline, 2021-2031, USD (Million)
TABLE 21 U.S. Cordless Appliances Market By Product, 2021-2031, USD (Million)
TABLE 23 U.S. Cordless Appliances Market By Mixer, 2021-2031, USD (Million)
TABLE 24 U.S. Cordless Appliances Market By Blender, 2021-2031, USD (Million)
TABLE 25 U.S. Cordless Appliances Market By Electric Kettle, 2021-2031, USD (Million)
TABLE 26 U.S. Cordless Appliances Market By Coffee Maker, 2021-2031, USD (Million)
TABLE 27 U.S. Cordless Appliances Market By End-User, 2021-2031, USD (Million)
TABLE 30 U.S. Cordless Appliances Market By Offline, 2021-2031, USD (Million)
TABLE 31 Canada Cordless Appliances Market By Product, 2021-2031, USD (Million)
TABLE 33 Canada Cordless Appliances Market By Mixer, 2021-2031, USD (Million)
TABLE 34 Canada Cordless Appliances Market By Blender, 2021-2031, USD (Million)
TABLE 35 Canada Cordless Appliances Market By Electric Kettle, 2021-2031, USD (Million)
TABLE 36 Canada Cordless Appliances Market By Coffee Maker, 2021-2031, USD (Million)
TABLE 37 Canada Cordless Appliances Market By End-User, 2021-2031, USD (Million)
TABLE 40 Canada Cordless Appliances Market By Offline, 2021-2031, USD (Million)
TABLE 41 Rest of North America Cordless Appliances Market By Product, 2021-2031, USD (Million)
TABLE 43 Rest of North America Cordless Appliances Market By Mixer, 2021-2031, USD (Million)
TABLE 44 Rest of North America Cordless Appliances Market By Blender, 2021-2031, USD (Million)
TABLE 45 Rest of North America Cordless Appliances Market By Electric Kettle, 2021-2031, USD (Million)
TABLE 46 Rest of North America Cordless Appliances Market By Coffee Maker, 2021-2031, USD (Million)
TABLE 47 Rest of North America Cordless Appliances Market By End-User, 2021-2031, USD (Million)
TABLE 50 Rest of North America Cordless Appliances Market By Offline, 2021-2031, USD (Million)
TABLE 51 UK and European Union Cordless Appliances Market By Product, 2021-2031, USD (Million)
TABLE 53 UK and European Union Cordless Appliances Market By Mixer, 2021-2031, USD (Million)
TABLE 54 UK and European Union Cordless Appliances Market By Blender, 2021-2031, USD (Million)
TABLE 55 UK and European Union Cordless Appliances Market By Electric Kettle, 2021-2031, USD (Million)
TABLE 56 UK and European Union Cordless Appliances Market By Coffee Maker, 2021-2031, USD (Million)
TABLE 57 UK and European Union Cordless Appliances Market By End-User, 2021-2031, USD (Million)
TABLE 60 UK and European Union Cordless Appliances Market By Offline, 2021-2031, USD (Million)
TABLE 61 UK Cordless Appliances Market By Product, 2021-2031, USD (Million)
TABLE 63 UK Cordless Appliances Market By Mixer, 2021-2031, USD (Million)
TABLE 64 UK Cordless Appliances Market By Blender, 2021-2031, USD (Million)
TABLE 65 UK Cordless Appliances Market By Electric Kettle, 2021-2031, USD (Million)
TABLE 66 UK Cordless Appliances Market By Coffee Maker, 2021-2031, USD (Million)
TABLE 67 UK Cordless Appliances Market By End-User, 2021-2031, USD (Million)
TABLE 70 UK Cordless Appliances Market By Offline, 2021-2031, USD (Million)
TABLE 71 Germany Cordless Appliances Market By Product, 2021-2031, USD (Million)
TABLE 73 Germany Cordless Appliances Market By Mixer, 2021-2031, USD (Million)
TABLE 74 Germany Cordless Appliances Market By Blender, 2021-2031, USD (Million)
TABLE 75 Germany Cordless Appliances Market By Electric Kettle, 2021-2031, USD (Million)
TABLE 76 Germany Cordless Appliances Market By Coffee Maker, 2021-2031, USD (Million)
TABLE 77 Germany Cordless Appliances Market By End-User, 2021-2031, USD (Million)
TABLE 80 Germany Cordless Appliances Market By Offline, 2021-2031, USD (Million)
TABLE 81 Spain Cordless Appliances Market By Product, 2021-2031, USD (Million)
TABLE 83 Spain Cordless Appliances Market By Mixer, 2021-2031, USD (Million)
TABLE 84 Spain Cordless Appliances Market By Blender, 2021-2031, USD (Million)
TABLE 85 Spain Cordless Appliances Market By Electric Kettle, 2021-2031, USD (Million)
TABLE 86 Spain Cordless Appliances Market By Coffee Maker, 2021-2031, USD (Million)
TABLE 87 Spain Cordless Appliances Market By End-User, 2021-2031, USD (Million)
TABLE 90 Spain Cordless Appliances Market By Offline, 2021-2031, USD (Million)
TABLE 91 Italy Cordless Appliances Market By Product, 2021-2031, USD (Million)
TABLE 93 Italy Cordless Appliances Market By Mixer, 2021-2031, USD (Million)
TABLE 94 Italy Cordless Appliances Market By Blender, 2021-2031, USD (Million)
TABLE 95 Italy Cordless Appliances Market By Electric Kettle, 2021-2031, USD (Million)
TABLE 96 Italy Cordless Appliances Market By Coffee Maker, 2021-2031, USD (Million)
TABLE 97 Italy Cordless Appliances Market By End-User, 2021-2031, USD (Million)
TABLE 100 Italy Cordless Appliances Market By Offline, 2021-2031, USD (Million)
TABLE 101 France Cordless Appliances Market By Product, 2021-2031, USD (Million)
TABLE 103 France Cordless Appliances Market By Mixer, 2021-2031, USD (Million)
TABLE 104 France Cordless Appliances Market By Blender, 2021-2031, USD (Million)
TABLE 105 France Cordless Appliances Market By Electric Kettle, 2021-2031, USD (Million)
TABLE 106 France Cordless Appliances Market By Coffee Maker, 2021-2031, USD (Million)
TABLE 107 France Cordless Appliances Market By End-User, 2021-2031, USD (Million)
TABLE 110 France Cordless Appliances Market By Offline, 2021-2031, USD (Million)
TABLE 111 Rest of Europe Cordless Appliances Market By Product, 2021-2031, USD (Million)
TABLE 113 Rest of Europe Cordless Appliances Market By Mixer, 2021-2031, USD (Million)
TABLE 114 Rest of Europe Cordless Appliances Market By Blender, 2021-2031, USD (Million)
TABLE 115 Rest of Europe Cordless Appliances Market By Electric Kettle, 2021-2031, USD (Million)
TABLE 116 Rest of Europe Cordless Appliances Market By Coffee Maker, 2021-2031, USD (Million)
TABLE 117 Rest of Europe Cordless Appliances Market By End-User, 2021-2031, USD (Million)
TABLE 120 Rest of Europe Cordless Appliances Market By Offline, 2021-2031, USD (Million)
TABLE 121 Asia Cordless Appliances Market By Product, 2021-2031, USD (Million)
TABLE 123 Asia Cordless Appliances Market By Mixer, 2021-2031, USD (Million)
TABLE 124 Asia Cordless Appliances Market By Blender, 2021-2031, USD (Million)
TABLE 125 Asia Cordless Appliances Market By Electric Kettle, 2021-2031, USD (Million)
TABLE 126 Asia Cordless Appliances Market By Coffee Maker, 2021-2031, USD (Million)
TABLE 127 Asia Cordless Appliances Market By End-User, 2021-2031, USD (Million)
TABLE 130 Asia Cordless Appliances Market By Offline, 2021-2031, USD (Million)
TABLE 131 China Cordless Appliances Market By Product, 2021-2031, USD (Million)
TABLE 133 China Cordless Appliances Market By Mixer, 2021-2031, USD (Million)
TABLE 134 China Cordless Appliances Market By Blender, 2021-2031, USD (Million)
TABLE 135 China Cordless Appliances Market By Electric Kettle, 2021-2031, USD (Million)
TABLE 136 China Cordless Appliances Market By Coffee Maker, 2021-2031, USD (Million)
TABLE 137 China Cordless Appliances Market By End-User, 2021-2031, USD (Million)
TABLE 140 China Cordless Appliances Market By Offline, 2021-2031, USD (Million)
TABLE 141 Japan Cordless Appliances Market By Product, 2021-2031, USD (Million)
TABLE 143 Japan Cordless Appliances Market By Mixer, 2021-2031, USD (Million)
TABLE 144 Japan Cordless Appliances Market By Blender, 2021-2031, USD (Million)
TABLE 145 Japan Cordless Appliances Market By Electric Kettle, 2021-2031, USD (Million)
TABLE 146 Japan Cordless Appliances Market By Coffee Maker, 2021-2031, USD (Million)
TABLE 147 Japan Cordless Appliances Market By End-User, 2021-2031, USD (Million)
TABLE 150 Japan Cordless Appliances Market By Offline, 2021-2031, USD (Million)
TABLE 151 India Cordless Appliances Market By Product, 2021-2031, USD (Million)
TABLE 153 India Cordless Appliances Market By Mixer, 2021-2031, USD (Million)
TABLE 154 India Cordless Appliances Market By Blender, 2021-2031, USD (Million)
TABLE 155 India Cordless Appliances Market By Electric Kettle, 2021-2031, USD (Million)
TABLE 156 India Cordless Appliances Market By Coffee Maker, 2021-2031, USD (Million)
TABLE 157 India Cordless Appliances Market By End-User, 2021-2031, USD (Million)
TABLE 160 India Cordless Appliances Market By Offline, 2021-2031, USD (Million)
TABLE 161 Australia Cordless Appliances Market By Product, 2021-2031, USD (Million)
TABLE 163 Australia Cordless Appliances Market By Mixer, 2021-2031, USD (Million)
TABLE 164 Australia Cordless Appliances Market By Blender, 2021-2031, USD (Million)
TABLE 165 Australia Cordless Appliances Market By Electric Kettle, 2021-2031, USD (Million)
TABLE 166 Australia Cordless Appliances Market By Coffee Maker, 2021-2031, USD (Million)
TABLE 167 Australia Cordless Appliances Market By End-User, 2021-2031, USD (Million)
TABLE 170 Australia Cordless Appliances Market By Offline, 2021-2031, USD (Million)
TABLE 171 South Korea Cordless Appliances Market By Product, 2021-2031, USD (Million)
TABLE 173 South Korea Cordless Appliances Market By Mixer, 2021-2031, USD (Million)
TABLE 174 South Korea Cordless Appliances Market By Blender, 2021-2031, USD (Million)
TABLE 175 South Korea Cordless Appliances Market By Electric Kettle, 2021-2031, USD (Million)
TABLE 176 South Korea Cordless Appliances Market By Coffee Maker, 2021-2031, USD (Million)
TABLE 177 South Korea Cordless Appliances Market By End-User, 2021-2031, USD (Million)
TABLE 180 South Korea Cordless Appliances Market By Offline, 2021-2031, USD (Million)
TABLE 181 Latin America Cordless Appliances Market By Product, 2021-2031, USD (Million)
TABLE 183 Latin America Cordless Appliances Market By Mixer, 2021-2031, USD (Million)
TABLE 184 Latin America Cordless Appliances Market By Blender, 2021-2031, USD (Million)
TABLE 185 Latin America Cordless Appliances Market By Electric Kettle, 2021-2031, USD (Million)
TABLE 186 Latin America Cordless Appliances Market By Coffee Maker, 2021-2031, USD (Million)
TABLE 187 Latin America Cordless Appliances Market By End-User, 2021-2031, USD (Million)
TABLE 190 Latin America Cordless Appliances Market By Offline, 2021-2031, USD (Million)
TABLE 191 Brazil Cordless Appliances Market By Product, 2021-2031, USD (Million)
TABLE 193 Brazil Cordless Appliances Market By Mixer, 2021-2031, USD (Million)
TABLE 194 Brazil Cordless Appliances Market By Blender, 2021-2031, USD (Million)
TABLE 195 Brazil Cordless Appliances Market By Electric Kettle, 2021-2031, USD (Million)
TABLE 196 Brazil Cordless Appliances Market By Coffee Maker, 2021-2031, USD (Million)
TABLE 197 Brazil Cordless Appliances Market By End-User, 2021-2031, USD (Million)
TABLE 200 Brazil Cordless Appliances Market By Offline, 2021-2031, USD (Million)
TABLE 201 Mexico Cordless Appliances Market By Product, 2021-2031, USD (Million)
TABLE 203 Mexico Cordless Appliances Market By Mixer, 2021-2031, USD (Million)
TABLE 204 Mexico Cordless Appliances Market By Blender, 2021-2031, USD (Million)
TABLE 205 Mexico Cordless Appliances Market By Electric Kettle, 2021-2031, USD (Million)
TABLE 206 Mexico Cordless Appliances Market By Coffee Maker, 2021-2031, USD (Million)
TABLE 207 Mexico Cordless Appliances Market By End-User, 2021-2031, USD (Million)
TABLE 210 Mexico Cordless Appliances Market By Offline, 2021-2031, USD (Million)
TABLE 211 Rest of Latin America Cordless Appliances Market By Product, 2021-2031, USD (Million)
TABLE 213 Rest of Latin America Cordless Appliances Market By Mixer, 2021-2031, USD (Million)
TABLE 214 Rest of Latin America Cordless Appliances Market By Blender, 2021-2031, USD (Million)
TABLE 215 Rest of Latin America Cordless Appliances Market By Electric Kettle, 2021-2031, USD (Million)
TABLE 216 Rest of Latin America Cordless Appliances Market By Coffee Maker, 2021-2031, USD (Million)
TABLE 217 Rest of Latin America Cordless Appliances Market By End-User, 2021-2031, USD (Million)
TABLE 220 Rest of Latin America Cordless Appliances Market By Offline, 2021-2031, USD (Million)
TABLE 221 Middle East and Africa Cordless Appliances Market By Product, 2021-2031, USD (Million)
TABLE 223 Middle East and Africa Cordless Appliances Market By Mixer, 2021-2031, USD (Million)
TABLE 224 Middle East and Africa Cordless Appliances Market By Blender, 2021-2031, USD (Million)
TABLE 225 Middle East and Africa Cordless Appliances Market By Electric Kettle, 2021-2031, USD (Million)
TABLE 226 Middle East and Africa Cordless Appliances Market By Coffee Maker, 2021-2031, USD (Million)
TABLE 227 Middle East and Africa Cordless Appliances Market By End-User, 2021-2031, USD (Million)
TABLE 230 Middle East and Africa Cordless Appliances Market By Offline, 2021-2031, USD (Million)
TABLE 231 GCC Cordless Appliances Market By Product, 2021-2031, USD (Million)
TABLE 233 GCC Cordless Appliances Market By Mixer, 2021-2031, USD (Million)
TABLE 234 GCC Cordless Appliances Market By Blender, 2021-2031, USD (Million)
TABLE 235 GCC Cordless Appliances Market By Electric Kettle, 2021-2031, USD (Million)
TABLE 236 GCC Cordless Appliances Market By Coffee Maker, 2021-2031, USD (Million)
TABLE 237 GCC Cordless Appliances Market By End-User, 2021-2031, USD (Million)
TABLE 240 GCC Cordless Appliances Market By Offline, 2021-2031, USD (Million)
TABLE 241 Africa Cordless Appliances Market By Product, 2021-2031, USD (Million)
TABLE 243 Africa Cordless Appliances Market By Mixer, 2021-2031, USD (Million)
TABLE 244 Africa Cordless Appliances Market By Blender, 2021-2031, USD (Million)
TABLE 245 Africa Cordless Appliances Market By Electric Kettle, 2021-2031, USD (Million)
TABLE 246 Africa Cordless Appliances Market By Coffee Maker, 2021-2031, USD (Million)
TABLE 247 Africa Cordless Appliances Market By End-User, 2021-2031, USD (Million)
TABLE 250 Africa Cordless Appliances Market By Offline, 2021-2031, USD (Million)
TABLE 251 Rest of Middle East and Africa Cordless Appliances Market By Product, 2021-2031, USD (Million)
TABLE 253 Rest of Middle East and Africa Cordless Appliances Market By Mixer, 2021-2031, USD (Million)
TABLE 254 Rest of Middle East and Africa Cordless Appliances Market By Blender, 2021-2031, USD (Million)
TABLE 255 Rest of Middle East and Africa Cordless Appliances Market By Electric Kettle, 2021-2031, USD (Million)
TABLE 256 Rest of Middle East and Africa Cordless Appliances Market By Coffee Maker, 2021-2031, USD (Million)
TABLE 257 Rest of Middle East and Africa Cordless Appliances Market By End-User, 2021-2031, USD (Million)
TABLE 260 Rest of Middle East and Africa Cordless Appliances Market By Offline, 2021-2031, USD (Million)
FIG. 10Market Positioning of Key Cordless Appliances Market Players, 2022
FIG. 11Global Cordless Appliances Market - Tier Analysis - Percentage of Revenues by Tier Level, 2022 Versus 2031