Created earlier this year, TraQline’s Consumer Durables 2022 Insights Snapshot report highlights high-level insights for the past year — from market share to top retailers, demographics, and more.
About TraQlinev
- For more than 20 years, TraQline has been the leading provider of market, consumer, and competitive intelligence for consumer durables. Through a growing portfolio of insights solutions, they are empowering consumer durables organizations to better understand their market and optimize end-to-end business practices. Their clients include retailers, manufacturers, suppliers, and analysts. Product categories that they cover include:
- Major Appliances
- Small Appliances
- Kitchen Fixtures
- Bath Fixtures
- Hand Tools
- Lawn Hand Tools
- OPE & Parts
- Grills & Smokers
Here are some Key Takeaways from the U.S. based report:
- The Home Depot was the number one retailer across 4 of their top 10 product categories tracked in 2022; Walmart was number one for 3 product categories.
- Lowe’s held the number two spot across 4 product categories.
- Brand winners vary by product category with top brands like Samsung, Moen and Peloton taking the lead in their respective categories.
- Online sales continued to grow in 2022 with an 8-point increase since 2018 – with the largest online sales increase still holding from 2019 to 2020.
- Sports Equipment had the highest percentage of sales made online versus instore compared to any other product category tracked for 2022.
- Amazon’s consumer durables share grew 5 percentage points since 2018.
- Sports equipment, small appliances, and consumer electronics were the top 3 product categories sold on Amazon in 2022.
- Major appliances had the highest average price paid across key consumer durables in 2022, with wall ovens the highest within the product category.
- Cell phone and consumer electronic purchases tend to have lower income purchasers versus sports equipment whose consumers had higher income.
- Sixty-seven percent of consumer durables purchasers have an Amazon Prime membership – up 55% versus a five years ago.
The report (PDF) is available for free download here: