Major Appliances - Indonesia

  • Indonesia
  • In 2024, the revenue in the Major Appliances market in Indonesia reached a significant amount of AU$19.30bn.
  • Looking ahead, the market is projected to experience an annual growth rate of 6.36% from 2024 to 2028, as measured by the compound annual growth rate (CAGR).
  • When compared globally, in China leads the pack in terms of revenue generation in the Major Appliances market, with a staggering AU$157bn in 2024.
  • This highlights the dominance of the Chinese market in this segment.
  • Considering the total number of households, the per household revenue generated in the Major Appliances market in Indonesia is estimated to be AU$254.00 in 2024.
  • This metric provides insights into the economic impact of the industry on individual households.
  • Looking ahead to 2028, the volume in the Major Appliances market is anticipated to reach 27.6m pieces units.
  • This signifies a substantial growth in the market's size over the forecast period.
  • In 2025, the Major Appliances market is expected to witness a volume growth rate of 4.8%, indicating a positive trajectory for the industry.
  • Furthermore, the average volume per household in the Major Appliances market in Indonesia is projected to be 0.31pieces units in 2024.
  • This metric helps to gauge the level of adoption and usage of major appliances within households.
  • The demand for energy-efficient major appliances is on the rise in Indonesia, driven by increasing awareness of environmental sustainability.

Key regions: Indonesia, Canada, Japan, India, Europe

 
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Analyst Opinion

The major appliances market is divided into refrigerators, freezers, dishwashing machines, washing machines, cookers, air conditioners and ovens. The COVID-19 pandemic augured well for the market, with an uptick in volume sales of all products, as consumers placed greater emphasis on cleaning and hygiene. The market witnessed a bit of a slow down amid the Russia- Ukraine war, owing to supply chain disruptions, component shortages and consumers curbing their discretionary spend, but is expected to rebound over the short term.

Amongst other drivers fueling the market include the growing population and urbanisation, especially in emerging economies, technological advancements, such as smart washing machines and smart refrigerators and the growing trend towards home cooking, which augers well for products such as ovens.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on Household Appliances.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Global Consumer Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as number of households, consumer spending, and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing, for instance. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). GCS data is reweighted for representativeness.

Overview

  • Revenue
  • Key Players
  • Analyst Opinion
  • Sales Channels
  • Volume
  • Price
  • Global Comparison
  • Methodology
  • Key Market Indicators
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