Appliance Power Cord Market Size, Share, Growth, and Industry Analysis, By Type (Wooden Frame, Iron Frame, & Others), By Application (Clothing Storage, & Others), Regional Insights, and Forecast To 2032

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APPLIANCE POWER CORD MARKET REPORT OVERVIEW

global appliance power cord market size was USD 2.45 billion in 2023 and the market is projected to touch USD 4.69 billion by 2032 at a CAGR of 7.49% during the forecast period.

An appliance power cord is a cable that connects electrical appliance to a power source, mainly an electrical outlet. This wire consist a insulated wires which is covered in protective sheath, with plugs at each end for connection. To allow electricity flow from the source to appliance this wire has one end that plugs into the appliance, while the other end plugs into the power outlet. The primary reason to design this cord is to carry electrical currents safely and efficiently, providing the necessary power for appliance to function. These cord can be of various lengths and configurations cater to different types of appliances and power outlets.

The Appliance Power Cord Market includes the global trade and manufacturing of cords designed to supply electricity to multiple household and commercial appliances. These cords are important for the connection between appliances and power sources, which ensures seamless operation of devices ranging from kitchen appliance to electronic gadgets. Industries such as consumer electronics, home appliances, healthcare, and industrial equipment are using these cords. Technological advancements in cord design, is driving the Appliance Power Cord Market Growth. It is increasing demand for energy-efficient appliances, and expanding urbanisation which led to higher appliance adoption rates. Strict safety regulations and standards contributing to the market landscape and the focus is shifting towards the importance of high-quality, durable cords that comply with industry requirements. This market is committed to fulfil the evolving consumer needs and regulatory standards, and the rising demand is a result of increment in disposable incomes and population growth.

COVID-19 IMPACT

"Market Growth Flourished by Pandemic due to Surge in Demand"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic has impacted the Appliance Power Cord Market quite positively and this was due to change in consumer behaviour and preferences. Working environment has shifted to remote-work and stay-at-home was a new normal due to lockdown measures. This has increased in demand for home appliances and electronics, such as laptops, desktop computers, and kitchen appliances. This sudden surge has pressurised manufacturers and suppliers to meet the need and fulfil the orders but the only hurdle was production delays and supply shortages of power cords. The focus was safety and reliability, making manufacturers to take care of the consumers need as they spending more time at home so cord should be of high-quality power which will compliant with strict safety standards.

LATEST TRENDS

"Smart Cords in Power Cord Market to Drive Market Growth"

There is surge is demand for smart and eco-friendly power cords. Consumers who are more interested in environmental friendly and efficient solutions are shifting towards the offering given by the Appliance Power Cord Market. This has increased the interest in power cords equipped with smart features such as energy monitoring, remote control, and automatic shut-off functionalities. These cords are giving features such as energy savings and sustainability efforts to the customers. Advancements in wireless charging technology are working as a driving factor for the development of cordless power solutions. This advancement is providing greater flexibility and convenience for users while reducing clutter and improving aesthetics in living spaces.

APPLIANCE POWER CORD MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into PVC and Rubber Materials, Halogen-free Materials.

• PVC and Rubber Materials: Appliance Power Cords made from PVC and Rubber Materials, offering various solutions for multiple applications, such as durability and flexibility. These cords are ideal for outdoor and industrial use, due to their power of resistance to abrasion, chemical and harsh weather conditions. Rubber cords, are providing super elasticity and resistance to extreme temperatures. These rubber cords are suitable for indoor and outdoor appliances.

• Halogen-free Materials: Halogen-free materials are getting all the attention due to their environmental friendly and fire-resistant properties. These cords are free from halogen compounds, which can emit toxic gases when burned. These cords are offering safety and reduced environmental impact. This is why it is preferable among users for various applications where safety and sustainability are primary goal.

By Application

Based on application the global market can be categorized into Household Appliances, Commercial Appliances.

• Household Appliances: Kitchen appliances at homes such as refrigerators, ovens, and microwaves, washing machines and dryers, all are using power cords. These power cords are mainly designed to cater household to give them durability and safety in mind, this ensures reliable performance for everyday use in domestic sector.

• Commercial Appliance: Commercial appliances at restaurants, offices and retails establishments, are suing power cords. These appliances also include commercial-grade kitchen equipment, office electronics, and industrial machinery. For commercial appliances, power cords are majorly focusing on heavy-duty usage and additional safety features to meet commercial regulations and standards.

DRIVING FACTORS

"Growing Demand and Expansion of Commercial Sector to Boost the Market"

Rising urbanisation, changing lifestyles and technological advancements are driving the Appliance Power Cord Market Growth. The Appliance Power Cord Market growth is the result of increasing adoption of household appliances. This is due the rising urbanisation, changing lifestyles, and technology advancements. Consumers are looking for convenience and efficiency in their daily lives, hence the need for appliances such as refrigerators, washing machines, and air conditioners, and all of these appliances require cords for operation. This trend is popular in emerging economies where rising disposable incomes and improving living standards are the reason for higher appliance ownership rates.

The commercial sector, which includes restaurants, offices, hospitals, and retail establishments, are the driving factor for Appliance Power Cord Market. Businesses and commercial activities are growing globally, which is the reason of rising demand for commercial appliances and equipments, and these appliance require power cords customised basically to commercial specifications. These specification includes durability, safety, and compliance with regulatory standards.

"Technological Advancements and Stringent Regulatory Standards Options to Expand the Market"

Technological innovations in power cord design and manufacturing processes is driving the Appliance Power Cord Market Growth. These technological features are improving product performance, safety, and efficiency. To improve the cords durability and environmental sustainability, manufacturers are including advanced materials in cords, such as halogen-free compounds and high-quality insulation. Connector technology is also growing, such as USB-C and quick-connect terminals, these are making the power connection more faster and convenient, and they are assisting to evolving consumer preferences for convenience and versatility.

Regulatory bodies from all around the world are imposing strict regulations and safety standards, which is why manufacturers are need to stick into the strict quality and safety requirements for power cords. Compliance with standards such as UL (Underwriters Laboratories) and IEC (International Electrotechnical Commission) is important to ensure product safety and reliability. To cater their customer safely and efficiently, manufacturers are investing in research and development to develop power cords, that are able to meet regulatory requirements. This is driving the demand for certified and compliant power cords.

RESTRAINING FACTORS

"Competition from Wireless Technology and Environmental Concerns to Potentially Impede Market Growth"

Wireless technologies such as wireless charging and Wi-Fi-connected devices are gaining all the attention from the market. Many appliances and gadgets have been upgraded to wireless charging or can run on batteries, and this is declining the need for traditional power cords. The primary market which is being excluded are smaller devices such as smartphones and tablets.

People are more concerned about the environmental issues and they want to use products that are eco-friendly. Traditional power cords are often made from material that can harm the environments, like PVC. Cords that are made from recycled materials or biodegradable plastics, are in demand since they are more sustainable alternative option. If any business or company are refusing to adapt this change they might face challenges in the market.

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APPLIANCE POWER CORD MARKET REGIONAL INSIGHTS

"Asia Pacific Region Dominating the Market due to Presence of a Large Consumer Base"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

The Asia-Pacific region is the front-runner in the global market of cords and have the highest share of the Appliance Power Cord Market Share. The high consumer base where large number of people are using appliances is making the industries strong in this region. This region’s government is also supporting these businesses and industries, which is making a easy path for them to do business. The region is also witnessing the rise in demand for modern products, such as smartphones and computers, which need power cords.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Appliance Power Cord Market through Innovation and Market Expansion"

Key industry players are driving innovation and market expansion in the Appliance Power Cord Market. These players are developing new and improved products. They are investing in research and development to create power cords with improved safety features, durability, and eco-friendliness. These people are also working on market expansion by establishing partnerships, entering new geographical regions, and assisting consumers. With the strategic marketing and product differentiation, these players are making their competitive position strong and driving the cord market growth. By continuously innovating and expanding their offerings, these players are holding important position in shaping the landscape of the appliance power cord market.

List of Top Appliance Power Cord Companies

• QIAOPU (China)
• HL TECHNOLOGY (China)
• Quail Electronics (U.S.)
• Queenpuo (China)
• GuangdongRifeng ElectricCable (China)
• Interpower (U.S.)
• YFC-BonEagle (Taiwan)
• Fund Resources Group (China)

INDUSTRIAL DEVELOPMENT

October 2023: Power system components supplierInterpower has launchedproduction of its Japanese 12A/125VAC hospital-grade power cord and cord set, having alreadyobtained the necessary approvals. With a Japanese hospital-grade plug on one end and an IEC 60320 C13 connector on the opposite end of 1.25 mm2VCTF cable, the cord set comes ready to use.

REPORT COVERAGE

This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global Appliance Power Cord Market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.