Asia Pacific Housewares Market Forecast to 2030
Asia Pacific Housewares Market Forecast to 2030 – Regional Analysis – by Product Type (Cookware and Bakeware, Tableware, Kitchen Appliances, Bathroom Essentials, and Others) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
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Description
Rising Penetration of E-Commerce Fuels Asia Pacific Housewares Market
Easy access to e-commerce platforms owing to the rising adoption and reach of smartphones and the Internet, the growing purchasing power of consumers, and the convenient shopping experience provided by online retail platforms are among the major factors driving the sales of housewares through e-commerce platforms.
Consumers increasingly prefer buying housewares via online retail platforms due to the availability of various products of different brands at affordable prices with detailed product descriptions, consumer ratings & reviews, and home delivery services. During the COVID-19 pandemic, people were compelled to stay home, which resulted in an inclination toward online shopping. Thus, with the increasing penetration of e-commerce across different geographies, housewares manufacturers are focusing on enhancing their online presence by selling their end products through well-known e-commerce platforms, such as Lidl, Amazon, and Walmart. Moreover, they provide direct-to-consumer (D2C) sales services through their websites to sell products online. Hence, the rising penetration of e-commerce is expected to provide lucrative opportunities for the housewares market during the forecast period.
Asia Pacific Housewares Market Overview
The housewares market in Asia Pacific is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The growing urbanization and disposable income of the middle-class population is a prime factor that has propelled the demand for modern and convenient housewares, including advanced kitchen appliances and stylish tableware. According to the International Labour Organization (ILO), the total income of Asian and Pacific countries increased by 3.5% in 2021, wherein China accounted for 0.3% in 2021 and 0.7% in the first half of 2022. Similarly, total income grew by 12.4% in Central and Western Asia. Further, the influence of Western lifestyles and cooking trends is another major factor bolstering the demand for specialized cookware and bakeware products in Asia Pacific. Despite the growth opportunities, price sensitivity among consumers presents a significant challenge for the progress of housewares businesses in Asia Pacific. Many consumers in the region tend to opt for affordable and basic houseware products. Moreover, the market is highly competitive, with both local and international brands rivaling for better market positions.
Asia Pacific Housewares Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Housewares Market Segmentation
The Asia Pacific housewares market is segmented based on product type, distribution channel, and country. Based on product type, the Asia Pacific housewares market is segmented into cookware and bakeware, tableware, kitchen appliances, bathroom essentials, and others. The kitchen appliances segment held the largest market share in 2022.
In terms of distribution channel, the Asia Pacific housewares market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The supermarkets and hypermarkets segment held the largest market share in 2022.
By country, the Asia Pacific housewares market is segmented into China, Australia, India, Japan, South Korea, and the Rest of Asia Pacific. The Rest of Asia Pacific dominated the Asia Pacific housewares market share in 2022.
Bradshaw Home Inc, Inter Ikea Holding Bv, Hutzler Manufacturing Co Inc, TTK Prestige Ltd, Newell Brands Inc, BSH Hausgerate Gmbh, and Kohler Co are some of the leading players operating in the Asia Pacific housewares market.
Summary Info
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According to the Research Team’ research, the Asia Pacific housewares market was valued at US$ 1,20,628.75 million in 2022 and is expected to reach US$ 1,74,669.16 million by 2030, registering a CAGR of 4.7% from 2022 to 2030. Strategic development initiatives by key players and development of smart appliances are among the critical factors attributed to the Asia Pacific housewares market expansion.
Manufacturers are investing significantly in product developments, business expansions, mergers & acquisitions, partnerships, etc., to cater to the increasing demand for housewares. Key market players engage in research & development to launch innovative housewares to attract a large consumer base. For instance, in October 2021, Caraway, a company offering nontoxic cookware, launched bakeware in 5 color variants. These bakeware items, including non-stick pans, come with a ceramic coating and are free from heavy metal. Such product launched propel the houseware market growth.
Well-established players operating in the housewares market are acquiring other businesses to enhance their global market presence. In October 2021, Lenox Corporation acquired Oneida Consumer LLC along with its product line of tabletop items such as flatware, tableware, and cutlery. The alliance was formed to advertise a significant portfolio of brands and advanced products to boost client awareness through various retail channels. Additionally, companies are partnering with other manufacturers to maintain their market positions. In April 2021, BSH Home Appliances Corporation announced its partnership with Plum to manufacture next-generation kitchen appliances to meet ever-changing consumer demand.
Thus, such strategic development initiatives by key players in the houseware market are driving market growth in the region.
On the contrary, lack of uniformity in operations and regulations hurdles the growth of Asia Pacific housewares market.
Based on product type, the Asia Pacific housewares market is segmented into cookware and bakeware, tableware, kitchen appliances, bathroom essentials, and others. The kitchen appliances segment held 47.1% share of Asia Pacific housewares market in 2022, amassing US$ 56,798.19 million. It is projected to garner US$ 83,995.16 million by 2030 to expand at 5.0% CAGR during 2022-2030.
In terms of distribution channel, the Asia Pacific housewares market is categorized into supermarkets and hypermarkets, specialty stores, online retail, and others. The supermarkets and hypermarkets segment held 46.7% share of Asia Pacific housewares market in 2022, amassing US$ 56,363.79 million. It is projected to garner US$ 79,891.65 million by 2030 to expand at 4.5% CAGR during 2022-2030.
By country, the Asia Pacific housewares market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that the Rest of Asia Pacific captured 42.2% share of Asia Pacific housewares market in 2022. It was assessed at US$ 50,952.98 million in 2022 and is likely to hit US$ 68,172.09 million by 2030, exhibiting a CAGR of 3.7% during 2022-2030.
Key players operating in the Asia Pacific housewares market are Bradshaw Home Inc, Inter Ikea Holding Bv, Hutzler Manufacturing Co Inc, TTK Prestige Ltd, Newell Brands Inc, BSH Hausgerate Gmbh, and Kohler Co, among others.
In Nov 2022, TTK Prestige launches Svachh Flip-On, a spillage-control modular pressure cooker that opens with just a flip.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific housewares market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific housewares market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Limitations and Assumptions
4. Asia Pacific Housewares Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 Distributors/Suppliers:
4.3.4 Distribution Channels:
4.3.5 End Consumers
4.4 List of Vendors
5. Asia Pacific Housewares Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Purchase of Housewares with Rising Number of Households
5.1.2 Strategic Development Initiatives by Key Players
5.2 Market Restraints
5.2.1 Lack of Uniformity in Operations and Regulations
5.3 Market Opportunities
5.3.1 Rising Penetration of E-Commerce
5.4 Future Trends
5.4.1 Development of Smart Appliances
5.5 Impact Analysis of Drivers and Restraints
6. Housewares Market – Asia Pacific Market Analysis
6.1 Asia Pacific Housewares Market Revenue (US$ Billion), 2020 – 2030
6.2 Housewares Market Forecast and Analysis
7. Asia Pacific Housewares Market Analysis – Product Type
7.1 Cookware and Bakeware
7.1.1 Overview
7.1.2 Cookware and Bakeware Market Revenue and Forecast to 2030 (US$ Billion)
7.2 Tableware
7.2.1 Overview
7.2.2 Tableware Market Revenue and Forecast to 2030 (US$ Billion)
7.3 Kitchen Appliances
7.3.1 Overview
7.3.2 Kitchen Appliances Market Revenue, and Forecast to 2030 (US$ Billion)
7.4 Bathroom Essentials
7.4.1 Overview
7.4.2 Bathroom Essentials Market Revenue, and Forecast to 2030 (US$ Billion)
7.5 Others
7.5.1 Overview
7.5.2 Others Market Revenue, and Forecast to 2030 (US$ Billion)
8. Asia Pacific Housewares Market Analysis – Distribution Channel
8.1 Supermarkets and Hypermarkets
8.1.1 Overview
8.1.2 Supermarkets and Hypermarkets Market Revenue, and Forecast to 2030 (US$ Billion)
8.2 Specialty Stores
8.2.1 Overview
8.2.2 Specialty Stores Market Revenue, and Forecast to 2030 (US$ Billion)
8.3 Online Retail
8.3.1 Overview
8.3.2 Online Retail Market Revenue, and Forecast to 2030 (US$ Billion)
8.4 Others
8.4.1 Overview
8.4.2 Others Market Revenue, and Forecast to 2030 (US$ Billion)
9. Asia Pacific Housewares Market – Country Analysis
9.1 Asia Pacific
9.1.1 Asia Pacific Housewares Market Overview
9.1.2 Asia Pacific Housewares Market Breakdown by Country
9.1.2.1 Asia Pacific Housewares Market Breakdown by Country
9.1.2.2 Australia Housewares Market Revenue and Forecasts To 2030 (US$ Billion)
9.1.2.2.1 Australia Housewares Market Breakdown by Product Type
9.1.2.2.2 Australia Housewares Market Breakdown by Distribution Channel
9.1.2.3 China Housewares Market Revenue and Forecasts To 2030 (US$ Billion)
9.1.2.3.1 China Housewares Market Breakdown by Product Type
9.1.2.3.2 China Housewares Market Breakdown by Distribution Channel
9.1.2.4 India Housewares Market Revenue and Forecasts To 2030 (US$ Billion)
9.1.2.4.1 India Housewares Market Breakdown by Product Type
9.1.2.4.2 India Housewares Market Breakdown by Distribution Channel
9.1.2.5 Japan Housewares Market Revenue and Forecasts To 2030 (US$ Billion)
9.1.2.5.1 Japan Housewares Market Breakdown by Product Type
9.1.2.5.2 Japan Housewares Market Breakdown by Distribution Channel
9.1.2.6 South Korea Housewares Market Revenue and Forecasts To 2030 (US$ Billion)
9.1.2.6.1 South Korea Housewares Market Breakdown by Product Type
9.1.2.6.2 South Korea Housewares Market Breakdown by Distribution Channel
9.1.2.7 Rest of Asia Pacific Housewares Market Revenue and Forecasts To 2030 (US$ Billion)
9.1.2.7.1 Rest of Asia Pacific Housewares Market Breakdown by Product Type
9.1.2.7.2 Rest of Asia Pacific Housewares Market Breakdown by Distribution Channel
10. Competitive Landscape
10.1 Heat Map Analysis By Key Players
11. Company Profiles
11.1 Bradshaw Home Inc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Inter IKEA Holding BV
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Hutzler Manufacturing Co Inc
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 TTK Prestige Ltd
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Newell Brands Inc
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 BSH Hausgerate GmbH
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Kohler Co
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
12. Appendix
LIST OF TABLES
Table 1. Housewares Market Segmentation
Table 2. List of Raw Material Suppliers, Manufacturers, and Retailers in Value Chain
Table 3. Housewares Market Revenue and Forecasts To 2030 (US$ Billion)
Table 4. Asia Pacific Housewares Market Revenue and Forecasts To 2030 (US$ Billion) – Product Type
Table 5. Asia Pacific Housewares Market Revenue and Forecasts To 2030 (US$ Billion) – Distribution Channel
Table 6. Australia Housewares Market Revenue and Forecasts To 2030 (US$ Billion) – Product Type
Table 7. Australia Housewares Market Revenue and Forecasts To 2030 (US$ Billion) – Distribution Channel
Table 8. China Housewares Market Revenue and Forecasts To 2030 (US$ Billion) – Product Type
Table 9. China Housewares Market Revenue and Forecasts To 2030 (US$ Billion) – Distribution Channel
Table 10. India Housewares Market Revenue and Forecasts To 2030 (US$ Billion) – Product Type
Table 11. India Housewares Market Revenue and Forecasts To 2030 (US$ Billion) – Distribution Channel
Table 12. Japan Housewares Market Revenue and Forecasts To 2030 (US$ Billion) – Product Type
Table 13. Japan Housewares Market Revenue and Forecasts To 2030 (US$ Billion) – Distribution Channel
Table 14. South Korea Housewares Market Revenue and Forecasts To 2030 (US$ Billion) – Product Type
Table 15. South Korea Housewares Market Revenue and Forecasts To 2030 (US$ Billion) – Distribution Channel
Table 16. Rest of Asia Pacific Housewares Market Revenue and Forecasts To 2030 (US$ Billion) – Product Type
Table 17. Rest of Asia Pacific Housewares Market Revenue and Forecasts To 2030 (US$ Billion) – Distribution Channel
LIST OF FIGURES
Figure 1. Housewares Market Segmentation, By Country
Figure 2. Porter’s Five Forces Analysis: Housewares Market
Figure 3. Ecosystem: Housewares Market
Figure 4. Housewares Market – Key Industry Dynamics
Figure 5. Housewares Market: Impact Analysis of Drivers and Restraints
Figure 6. Asia Pacific Housewares Market Revenue (US$ Billion), 2020 – 2030
Figure 7. Asia Pacific Housewares Market Share (%) – Product Type, 2022 and 2030
Figure 8. Cookware and Bakeware Market Revenue and Forecasts To 2030 (US$ Billion)
Figure 9. Tableware Market Revenue and Forecasts To 2030 (US$ Billion)
Figure 10. Kitchen Appliances Market Revenue and Forecasts To 2030 (US$ Billion)
Figure 11. Bathroom Essentials Market Revenue and Forecasts To 2030 (US$ Billion)
Figure 12. Others Market Revenue and Forecasts To 2030 (US$ Billion)
Figure 13. Asia Pacific Housewares Market Share (%) -Distribution Channel, 2022 and 2030
Figure 14. Supermarkets and Hypermarkets Market Revenue and Forecasts To 2030 (US$ Billion)
Figure 15. Specialty Stores Market Revenue and Forecasts To 2030 (US$ Billion)
Figure 16. Online Retail Market Revenue and Forecasts To 2030 (US$ Billion)
Figure 17. Others Market Revenue and Forecasts To 2030 (US$ Billion)
Figure 18. Asia Pacific Housewares Market, By Key Countries – Revenue (2022) (US$ Million)
Figure 19. Asia Pacific Housewares Market Breakdown By Key Countries, 2022 And 2030 (%)
Figure 20. Australia Housewares Market Revenue and Forecasts To 2030 (US$ Billion)
Figure 21. China Housewares Market Revenue and Forecasts To 2030 (US$ Billion)
Figure 22. India Housewares Market Revenue and Forecasts To 2030 (US$ Billion)
Figure 23. Japan Housewares Market Revenue and Forecasts To 2030 (US$ Billion)
Figure 24. South Korea Housewares Market Revenue and Forecasts To 2030 (US$ Billion)
Figure 25. Rest of Asia Pacific Housewares Market Revenue and Forecasts To 2030 (US$ Billion)
Figure 26. Heat Map Analysis By Key Players
The List of Companies – Asia Pacific Housewares Market
1. Bradshaw Home Inc
2. Inter Ikea Holding Bv
3. Hutzler Manufacturing Co Inc
4. TTK Prestige Ltd
5. Newell Brands Inc
6. BSH Hausgerate Gmbh
7. Kohler Co
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