Russian Home Appliances Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The report covers Russian Home Appliance Market Share by Brand and it is segmented by Major Appliances (Refrigerators, Freezers, Dishwashing Machines, Washing Machines, and Cookers and Ovens), Small Appliances (Vacuum Cleaners, Small Kitchen Appliances, Hair Clippers, Irons, Toasters, Grills and Roasters, Hair Dryers, and Other Small Appliances), and Distribution Channel (Multi-brand Stores, Exclusive Stores, Online, Other Distribution Channels).

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Russia Home Appliances Market Size

Russia Home Appliances Market
Study Period 2019 - 2028
Base Year For Estimation 2021
Forecast Data Period 2024 - 2028
Historical Data Period 2019 - 2020
CAGR > 1.80 %

Major Players

Russia Home Appliances Market

*Disclaimer: Major Players sorted in no particular order
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Russia Home Appliances Market Analysis

Russian home appliances market is witnessing growth in its market revenue with the improving technology and the rising demand for appliances. The home appliances market can be broadly categorized into major and small home appliances. The major home appliances, like refrigerators and washing machines, have their presence in most of the households, owing to their functionalities. Although they have a high presence rate in the region, the demand for these appliances can still be seen, as most of the sales of these appliances are replacement sales. Russians are showing greater interest in the products that are technologically sound. They replace their major appliances once they reach the age of 6-10 years. Most of the market is driven by innovation, connectivity, automatic, and scheduling features that the products own. Thus, owing to these factors, the market is witnessing growth. Major appliances constitute a major share of the total revenue generated. The emerging demand for smart appliances is the major factor that is driving the market for home appliances in Russia. Although online purchases accounted for a small share of the market, they are expected to witness significant growth in the forecast period, considering the shift they recorded in the study period.

Russia Home Appliances Market Trends

This section covers the major market trends shaping the Russia Home Appliances Market according to our research experts:

Online Sales are Witnessing a Major Share of the Market

Although more than 80% of Russians still prefer to buy major appliances from retail stores, the number of people who consider internet sales was doubled in 2018, as compared to 2014. Numerous practices of online retailers can be considered as the major reason for this shift, and it is expected to increase gradually in the future. Brand loyalty is comparatively high when it comes to the major appliances, and consumers are willing to experiment with brands and their features in small appliances category, like coffee makers and toasters, only if the prices are not high. Consumers are preferring products which have priority functionality, and which brings convenience into their lives.

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Dominant Major Appliances Sales are Increasing the Total Revenue Generation of the Market

Major appliances are generating a greater market share in the region. Customer choices are making a transition. They are shifting to an innovative and energy-efficient product for their daily utilization. Several manufacturers are focusing on automating people’s daily activities, by taking a load from their shoulders. They also improving accuracy and are bringing innovation, by producing multi-utility products than single utility products. Many consumers are preferring major appliances that bring convenience to their lives.

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Russia Home Appliances Industry Overview

The report covers major international players operating in the Russian home appliances market. The market is already fragmented with growing number of smaller players, who are offering moderate quality products in an affordable range of prices. However, the growing small appliances segment holds a scope for new commers to enter the market.

Russia Home Appliances Market Leaders

  1. Whirlpool Corporation

  2. Samsung Electronics Co. Ltd

  3. Sharp Corporation

  4. Smeg S.p.A

  5. Beko

*Disclaimer: Major Players sorted in no particular order

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Russia Home Appliances Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS AND DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Market Opportunities

    5. 4.5 Supply Chain/ Value Chain Analysis

    6. 4.6 Porter's Five Forces Analysis

    7. 4.7 Technology Innovations in the Industry

    8. 4.8 Impact of COVID-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 Major Appliances

      1. 5.1.1 Refrigerators

      2. 5.1.2 Freezers

      3. 5.1.3 Dishwashing Machines

      4. 5.1.4 Washing Machines

      5. 5.1.5 Cookers and Ovens

    2. 5.2 Small Appliances

      1. 5.2.1 Vacuum Cleaners

      2. 5.2.2 Small Kitchen Appliances

      3. 5.2.3 Hair Clippers

      4. 5.2.4 Irons

      5. 5.2.5 Toasters

      6. 5.2.6 Grills and Roasters

      7. 5.2.7 Hair Dryers

      8. 5.2.8 Other Small Appliances

    3. 5.3 By Distribution Channel

      1. 5.3.1 Multi-brand Stores

      2. 5.3.2 Exclusive Stores

      3. 5.3.3 Online

      4. 5.3.4 Other Distribution Channels

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 LG Electronics

      2. 6.1.2 Sharp Corporation

      3. 6.1.3 NEFF GmbH

      4. 6.1.4 Samsung Electronics

      5. 6.1.5 Smeg S.p.A

      6. 6.1.6 Beko (Arçelik A.Ş)​

      7. 6.1.7 Haier Europe (Candy Group)

      8. 6.1.8 Robert Bosch GmbH

      9. 6.1.9 Whirlpool Corporation (JSC Indesit International)

      10. 6.1.10 Miele

      11. 6.1.11 Other Companies [Gorenje, JSC KZH Biryusa, Polaris Int LLC, De'Longhi S.p.A, and Allgemeine Elektricitäts-Gesellschaft AG (AEG)]*​

    2. *List Not Exhaustive

  7. 7. FUTURE OF THE MARKET

  8. 8. APPENDIX

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Russia Home Appliances Industry Segmentation

A complete background analysis of the Russian home appliances industry, which includes an assessment of the industry associations, overall economy and emerging market trends by segments, significant changes in the market dynamics, and market overview in the report.

Major Appliances
Refrigerators
Freezers
Dishwashing Machines
Washing Machines
Cookers and Ovens
Small Appliances
Vacuum Cleaners
Small Kitchen Appliances
Hair Clippers
Irons
Toasters
Grills and Roasters
Hair Dryers
Other Small Appliances
By Distribution Channel
Multi-brand Stores
Exclusive Stores
Online
Other Distribution Channels
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Russia Home Appliances Market Research FAQs

The Russia Home Appliances Market is projected to register a CAGR of greater than 1.8% during the forecast period (2023-2028).

Whirlpool Corporation, Samsung Electronics Co. Ltd, Sharp Corporation, Smeg S.p.A and Beko are the major companies operating in the Russia Home Appliances Market.

Home Appliance in Russia Industry Report

Statistics for the 2023 Home Appliance in Russia market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Home Appliance in Russia analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Home Appliance Market in Russia Report Snapshots

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