Europe Touch Screen for Household Appliances Market

The Europe touch screen for household appliances market was valued at US$ 146.0 million in 2020 and is projected to reach US$ 402.3 million by 2028; it is expected to grow at a CAGR of 13.0% from 2021 to 2028.

Germany, Russia, France, the UK, Turkey, and Italy are the major countries in Europe known for large-scale industrialization and urbanization. Increasing adoption of household appliances such as refrigerators, ovens, coffee machines, and washing machines among individuals is fueling the integration of touchscreen feature. Further, upsurge in IoT-based applications and the availability of better internet infrastructure have enabled the end users to procure kitchen appliances equipped with smart and distinct features, which, in turn, has propelled the integration of touchscreen. Emergence of advanced technologies such as Air Touch Technology and enhanced safety systems in controllers used in a touchscreen panel are other factors propelling the demand for smart household & kitchen appliances, thereby accelerating the market growth.

Market Overview and Dynamics              

Smart home appliances integrated with advanced technologies are gaining prominence in the European market. Smart home appliances offer several benefits to the owners, such as cost-effectiveness, communication ability, and safety and convenience, thereby profiting the manufacturers operating in the smart home appliance industry. Factors such as rise in consumer purchasing power, sustainability, digitalization, global scale economies, and increase in middle class income in Europe are driving the home appliance industry. In 2016, the number of smart homes in the entire region was around 8.5 million, which is projected to reach more than 80.5 million by 2021. Increase in the number of smart homes will play a substantial part in the growth of the entire smart home appliance industry. In Europe, individuals in the age group of 25–44 years accounted for 64% use of smart appliances; age group of 45–64 years accounted for 20%; and age group of 18–24 years for 16% in 2017. Such massive adoption of smart appliances among different demographics is boosting the growth of the entire smart home appliance industry. Moreover, Russia, Norway, Switzerland, and Turkey are a few major export destinations, especially for large home appliances. With growing export of large home appliances in Europe, the production for the same will continue to rise, which would drive the smart home appliances industry in coming years.

Key Market Segments

The touch screen for household appliances market is segmented on the basis of display technology, product, display size, and European countries. Based on display technology, the market is bifurcated into resistive and capacitive. The capacitive segment held a larger share of the market in 2020 as capacitive touchscreens are more precise and respond instantly in case of lightly touched by human finger. In terms of product, the touch screen for household appliances market is segmented into refrigerators, washing machines, dishwashers, ovens and microwave, and coffee machines. In 2020, the ovens segment held the largest share. The European households are investing in smart home and have a potential to make additional investment in smart kitchen appliances such as ovens. Based on display size, the touch screen for household appliances market is bifurcated into less than 7 inch and 7 inch and above. The market for 7 inch and above segment is anticipated to grow fastest as large screen displays are getting integrated into large appliances such as refrigerators and ovens. By countries, the European region is segmented into Germany, France, the UK, Italy, Russia, and Turkey.

Major Sources and Companies Listed

A few major primary and secondary sources referred to while preparing the report on the Europe touch screen for household appliances market are company websites, annual reports, financial reports, national government documents, and statistical database. Arçelik A.Ş., BSH Hausgeräte GmbH, De’ Longhi Appliances S.r.l., Electrolux AB, Groupe SEB, Haier Inc, LG Electronics, Miele, Smeg S.p.A., Whirlpool Corporation, Vestel, and Samsung are among the major companies listed in the market report.

Reasons to Buy Report

• To understand the Europe touch screen for household appliances market landscape and identify market segments that are most likely to guarantee a strong return
• To stay ahead of the race by comprehending the ever-changing competitive landscape for the market
• To efficiently plan M&A and partnership deals in the market by identifying market segments with the most promising probable sales
• To make business decisions from perceptive and comprehensive analysis of market performance of various segments in the market
• To obtain market revenue forecast by various segments from 2021–2028.

Europe Touch Screen for Household Appliances Market Segmentation

By Display Technology

• Resistive
• Capacitive

By Product

• Refrigerators
• Washing Machines
• Dishwashers
• Ovens and Microwave
• Coffee Machines

By Display Size

• Less than 7 Inch
• 7 Inch and Above

Company Profiles

• Arçelik A.Ş.
• BSH Hausgeräte GmbH
• De’ Longhi Appliances S.r.l.
• Electrolux AB
• Groupe SEB
• Haier Inc
• LG Electronics
• Miele
• Smeg S.p.A.
• Whirlpool Corporation
• Vestel
• Samsung

Europe Touch Screen for Household Appliances Market Strategic Insights

Europe Touch Screen for Household Appliances Market Segmentation Analysis

Europe Touch Screen for Household Appliances Market Report Highlights

Europe Touch Screen for Household Appliances Report Scope

Europe Touch Screen for Household Appliances Market Country and Regional Insights