The Report Covers Manufacturer of Major Home Appliances and it is segmented by type (Refrigerators, Washing Machines, Dishwashers, Cookers and Ovens, freezers), by Distribution Channel, and by Geography.

The sale of global household appliances has been growing steadily from 2005 to 2014. In 2015 onwards there was a slowing and in some cases a decrease, in the sales of major domestic appliances around the world. The Coronavirus pandemic, forcing people to stay at home, is likely to be the cause of further interest in outfitting homes as there has been a steady growth since 2019 in sales, culminating in a record sale in 2021

Major appliance sales

Electrical or mechanical devices used in a household are part of the home appliance industry, a billion-dollar industry with growth projections for the coming years. Global consumption of household appliances have reached 433 billion U.S. dollars in mid 2021, nearly tripling the value of the market at barely 130 million in 2005. Haier Electronics Group, Bosch, Electrolux, LG Electronics, General Electric and Whirlpool Corporation are the leading companies in the industry.

Within this industry, major domestic appliances, which include large machines used at home, is one of the main segments. Sales of major domestic appliances have been fairly consistent since 2013, with its revenue varying between 180 and 190 billion U.S. dollars. Global sales of washing machines, tumble dryers, dishwashers, refrigerators, freezers, cookers/ovens, hobs, hoods, and microwave ovens are all included in this figure. On the other hand, the global market for semiconductors, a very basic component of a major home appliance, is forecast to grow in the next few years. Revenue of semiconductors market worldwide has increased from 291 billion U.S. dollars in 2012 to 613 billion U.S. dollars in 2021.

Uae Major Home Appliances Market is Segmented by Product Type (Refrigerators, Freezers, Dishwashing Machines, Washing Machines, Ovens, Air Conditioners, and Other Major Appliances) and by Distribution Channel (Hypermarkets/Supermarkets, Specialty Stores, Online, and Other Distribution Channels). The Report Offers Market Size and Forecasts for the UAE Major Home Appliances Market in Value (USD) for all the Above Segments.

The revenue is forecast to experience significant growth in all segments in 2029. As part of the positive trend, the indicator reaches the maximum value for all six different segments at the end of the comparison period. Particularly noteworthy is the segment Refrigerators, which has the highest value of 151.02 billion U.S. dollars. Find further statistics on other topics such as a comparison of the average revenue per household in Nigeria and a comparison of the volume in Nigeria. The Statista Market Insights cover a broad range of additional markets.

The Report Covers the US Major Home Appliances Market Sales Statistics and Shares by Brand, And It is Segmented by Product (Refrigerators, Freezers, Air-conditioners, Dishwashers, Washing Machines, And Ovens) and by Distribution Channel (Multi-Branded Stores, Exclusive Brand Outlets, Online, And Other Distribution Channels). The Report Offers the Market Size in Value Terms in USD for all the Abovementioned Segments.

The revenue in the 'Major Appliances' segment of the household appliances market in the United States was forecast to continuously increase between 2024 and 2029 by in total 4.1 billion U.S. dollars (+13.02 percent). After the tenth consecutive increasing year, the indicator is estimated to reach 35.6 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Major Appliances' segment of the household appliances market was continuously increasing over the past years.Find more information concerning Europe and Russia. The Statista Market Insights cover a broad range of additional markets.

According to Cognitive Market Research, the global Household Appliance market size is USD 681584.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.10% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 272633.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 204475.26 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 156764.37 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.1% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 34079.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.
Middle East and Africa held the market of around 2% of the global revenue with a market size of USD 13631.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.1% from 2024 to 2031.
The Refrigerators held the highest Household Appliance market revenue share in 2024.

Market Dynamics of Household Appliance Market

Key Drivers for Household Appliance Market

Busy Lifestyles and Time-Saving Needs to Increase the Demand Globally

In the trendy, rapid-paced world, time is a treasured commodity, and family chores can feel like burdensome limitations. Consequently, there may be a soaring call for appliances that streamline responsibilities, releasing humans from mundane responsibilities. Dishwashers promise spotless dishes with minimum attempt, while robotic vacuums autonomously preserve tidy floors. Smart laundry machines provide convenience by means of automated washing and drying cycles, permitting customers to multitask without sacrificing cleanliness. These time-saving home equipment no longer most effectively ease the strain of busy schedules but also provide individuals with extra money to pursue personal and professional endeavors. As the rhythm of modern existence intensifies, the charm of efficiency-driven improvements continues to develop.

Rising Disposable Income to Propel Market Growth

With rising disposable income globally, clients are increasingly willing to invest in top-rate home equipment that enhances their fine lifestyles at home. This economic freedom empowers individuals to prioritize better-pleasant products boasting advanced capabilities, elevating their domestic stories. From present-day kitchen home equipment ready with contemporary technology to sophisticated home leisure systems, human beings are trying to find gadgets that offer not only functionality but also luxury and comfort. This trend reflects a desire for greater comfort and performance, as well as a willingness to take pleasure in products that promise long-term value and satisfaction. As economic prosperity expands, so does the call for upscale appliances that cater to evolving existence and aspirations.

Restraint Factor for the Household Appliance Market

Environmental Concerns to Limit the Sales

Heightened environmental awareness activates customers to scrutinize the environmental effect of appliances at some point in their lifecycle—from manufacturing to disposal. With a developing emphasis on sustainability, manufacturers face mounting stress to undertake eco-friendly practices and expand electricity-efficient fashions. This shift necessitates innovation in manufacturing tactics to lessen carbon footprints, decrease waste generation, and utilize renewable materials. Moreover, clients have an increasing number of choose appliances with eco-friendly certifications and power-saving features, reflecting a dedication to minimizing environmental harm. By prioritizing sustainability, producers no longer meet patron expectancies but additionally make contributions to worldwide efforts to fight weather trade and preserve natural sources. As environmental recognition keeps forming patron possibilities, the future of equipment layout hinges on selling eco-friendly practices and fostering a greener, more sustainable destiny.

Impact of Covid-19 on the Household Appliance Market

The household appliance marketplace saw considerable impacts of the COVID-19 pandemic. Initially, vast lockdowns disrupted production, delivery chains, and client demand, main to manufacturing delays and inventory shortages. A...

The graph shows global unit sales of major domestic appliances from 2006 to 2019. For 2018, sales of major domestic appliances are forecast to reach 549 million units.

Major domestic appliances sales – additional information

The domestic appliance industry is projected to grow in the coming years in response to the high demand for electrical devices needed in the household. In 2013, the global consumption of household appliances amounted to 420 billion U.S. dollars. This figure is forecast to reach 589 billion by 2020. Leading household appliance companies worldwide include the Midea Group, Gree Electric Appliances, Whirlpool , Electrolux Group, Qingdao Haier and LG Corp.

Over the last 10 years, sales of global major domestic appliances have shown a steady upward trend. In 2018, about 550 millions major appliances are estimated to be sold worldwide. Sales of major appliances, such as washing machines, tumble dryers, dishwashers, refrigerators, freezers, cookers, ovens, hobs, hoods, or microwave ovens, are included in this segment. In 2014, the biggest regional markets in the major household appliance industry were Europe, including the Commonwealth of Independent States, and the Asian countries. Both regions combined comprised more than half of worldwide sales in major home appliances as well as small home appliances. The United States remained in third in the market, with a 15 percent share of major appliances and a 24 percent share of small appliances.

Global retail sales of home and household appliances are forecast to grow to almost 450 billion U.S. dollars in 2021 and surpass the 500 billion dollar mark in the upcoming years. Refrigeration appliances sales take up the most significant share of the market, with retail sales of more than 90 billion U.S. dollars in 2020.

Major and small appliances as main categories

The home and household appliances market is split into two main categories: major appliances and small appliances. Major appliances are large machines used at home, including refrigerators, dishwashers, washing machines, tumble dryers, and air-conditioners. The small appliances category includes products used at home, such as food processors, toasters, coffee makers, and more.

Leading household manufacturers

Major household appliances such as refrigeration appliances, large kitchen appliances, laundry appliances, and air-conditioners make up a significant portion of retail sales worldwide when combined, compared to that of all small home appliances. Therefore, appliance manufacturers such as Whirlpool, Midea, Haier, LG, BSH Home Appliances, and Electrolux, which all generate a sizable share of their revenue from major appliances, are amongst the leading appliances manufacturers worldwide. One notable exception is the French company Groupe SEB, which produces and sells mostly small appliances.

The Report Covers Home Appliances Manufacturers in China and it is segmented by Product (Refrigerators, Freezers, Dishwashing Machines, Washing Machines, Cookers and Ovens, and Other Products), and by Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online, and Other Distribution Channels). The report offers market sizes and forecasts for all the above segments in value (USD Million).

In 2023, six household appliances manufacturers worldwide surpassed 10 billion U.S. dollars in revenue with Midea Group leading the ranking with around 41.4 billion U.S. dollars. The other companies with annual revenues north of 10 billion U.S. dollars are Haier Smart Home leading, LG, Whirlpool, BSH Home Appliances, and Electrolux. European and Chinese companies lead the way The major players shown in the global home appliances' industry worldwide are located in Europe and China, with LG (South Korea) and Whirlpool (United States) as the exception. Midea Group and Haier Smart Home are Chinese companies, while BSH Home Appliances, Electrolux, Groupe SEB, and Arcelik are headquartered in Europe. The strong position of some of the European companies stems in part from their long-standing market presence, providing them with strong brand recognition. Home appliances segments The home and household appliances market is made up of two major segments: major and small appliances. The major appliances category includes refrigerators, freezers, stoves, cookers, ovens, washing machines, dryers, and dishwashers, among others. On the other hand, examples of small appliances include coffee machines, food processors, vacuum cleaners, microwaves, and blenders. The overall revenue of household appliances across all categories worldwide is forecast to reach 710 billion U.S. dollars by 2025.

This statistic displays the global market revenue of small domestic appliances from 2009 to 2017. In 2017, the global market generated some 65.2 billion U.S. dollars in revenue. Small domestic appliances include appliances for home comfort, kitchen appliances, and personal care.

Small appliances sales – additional information

The home appliance industry is composed of two main segments: major home appliances and small home appliances. Major domestic appliances include washing machines, dishwashers, refrigerators, freezers and microwave ovens to name a few, while small appliances are, for example, food processors, toasters and slow cookers. The global household appliances market shows growth projections for the coming years, and is forecast to increase its value to just over 588 billion U.S. dollars by 2020.

Sales of small domestic appliances amounted to around 70 billion U.S. dollars worldwide in 2015. In the U.S., Americans spent an average of 105.77 U.S. dollars on small appliances and miscellaneous housewares in 2014. Some categories within the small domestic appliance market are kitchen items such as blender/mixer systems, slow cookers, juice extractors, coffee makers and compact wine coolers. Hair dryers, irons, vacuum are also popular categories within this market. Sales of some of these categories are driven by the release of innovative features, while other categories rely on their basic functionalities as a selling point. For instance, costumers look for new features when shopping for a blender/mixer, or vacuum cleaners. Rice cookers, electric kettles, waffle irons are a few examples of small appliance categories for which sales are not necessarily driven by innovative features, but by their basic functionality.

Smart appliance is a promising trend for these innovation-driven small appliance categories. According to a recent survey about the use of connected devices, consumers are most likely to use smart appliances in the coming years.

According to Cognitive Market Research, the global Home Appliances market size will be USD 709845.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 283938.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 212953.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 163264.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 35492.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 14196.90 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
The smart home appliances category is the fastest-growing segment of the Home Appliances industry

Market Dynamics of Home Appliances Market

Key Drivers for Home Appliances Market

Smart and energy-efficient appliances driving consumer demand to Boost Market Growth

The integration of smart technology in appliances, allowing remote control, automation, and connectivity with other devices, is driving consumer interest. This convenience and ability to monitor energy usage in real time contribute to the growing adoption of smart and energy-efficient appliances. While smart and energy-efficient appliances promise long-term savings, the higher upfront costs than traditional appliances can deter price-sensitive consumers from switching. These factors play a significant role in shaping the market growth and consumer adoption of smart and energy-efficient appliances. For instance, Cupforma Natura Solo TM, a sustainable paperboard for paper cups, was introduced by Stora Enso in May 2019. Ice cream packing and hot and cold drinking cups can both be made from this material. It is available without a typical plastic coating layer and is made to allow for complete fiber recovery during recycling.

Increasing purchasing power boosts home appliance sales

Rising purchasing power plays a crucial role in boosting home appliance sales by increasing consumer demand for modern, energy-efficient, and technologically advanced products. Economic growth, urbanization, credit availability, and evolving consumer preferences for high-quality, smart appliances all contribute to the expansion of the home appliance market.

Restraint Factor for the Home Appliances Market

Rising raw material prices increase manufacturing expenses

Rising raw material prices increase manufacturing expenses, impacting various industries through higher production costs, supply chain disruptions, reduced product affordability, inflationary pressures, and quality concerns. Companies often face the dilemma of passing costs to consumers or absorbing them, while smaller firms are particularly vulnerable due to their limited financial flexibility. These restraints make it challenging for industries to maintain competitiveness and profitability in the face of fluctuating raw material markets.

Impact of Covid-19 on the Home Appliances Market

The COVID-19 pandemic significantly impacted the home appliances market, driving increased demand for essential household products. With lockdowns and remote work, consumers prioritized upgrading home appliances such as refrigerators, washing machines, and kitchen gadgets for convenience and hygiene. E-commerce channels surged as physical stores faced restrictions, reshaping purchasing behaviors. However, supply chain disruptions and production slowdowns caused delays in product availability and increased costs. The post-pandemic market remains focused on smart, energy-efficient, and health-oriented appliances. Introduction of the Home Appliances Market

The Home Appliances Market encompasses a wide range of products designed to assist with household tasks, including kitchen, cleaning, and entertainment appliances. This market is driven by increasing consumer demand for convenience, energy efficiency, and smart technology integration. Key segme...

The revenue in the 'Major Appliances' segment of the household appliances market in Europe was forecast to continuously increase between 2024 and 2029 by in total 13.2 billion U.S. dollars (+23.33 percent). After the tenth consecutive increasing year, the indicator is estimated to reach 69.73 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Major Appliances' segment of the household appliances market was continuously increasing over the past years.Find more information concerning the United States and Russia. The Statista Market Insights cover a broad range of additional markets.

Europe Major Home Appliances Market is segmented by Product (Refrigerators, Freezers, Dishwashers, Clothes dryers, Washing Machines, Large Cooking Appliances, Others), and by Distribution Channel (Supermarkets, Specialty Stores, Online, and Other Distribution Channels).

The statistic shows trends in major domestic appliances market size in China from the second quarter of 2019 to the first quarter of 2020. In the first quarter of 2020, the domestic appliances market generated a revenue of approximately 29 billion yuan.

The volume of the 'Major Appliances' segment of the household appliances market in the United States was forecast to continuously increase between 2024 and 2029 by in total 1.5 million pieces (+2.83 percent). After the seventh consecutive increasing year, the indicator is estimated to reach 54.48 million pieces and therefore a new peak in 2029. Find more key insights for the volume in countries and regions like the average revenue per household in the 'Major Appliances' segment of the household appliances market in Kuwait and the average volume per household in the 'Major Appliances' segment of the household appliances market in the world. The Statista Market Insights cover a broad range of additional markets.

Explore the Household Appliances Market trends! Covers key players, growth rate 7.4% CAGR, market size $971.15 Billion, and forecasts to 2034. Get insights now!

North America Major Home Appliances Market size was valued at USD 79.74 Billion in 2024 and is projected to reach USD 102.32 Billion by 2031, growing at a CAGR of 3.13% during the forecast period 2024-2031.

North America Major Home Appliances Market Drivers

Rising Demand for Smart and Connected Appliances: One of the most significant drivers of the major home appliances market in North America is the growing adoption of smart home technology. Consumers increasingly prefer appliances integrated with Internet of Things (IoT) capabilities, enabling remote monitoring and automation. Devices such as smart refrigerators, ovens, dishwashers, and washing machines are equipped with AI-driven functionalities, offering energy efficiency, predictive maintenance, and convenience. Voice assistants like Amazon Alexa and Google Assistant further enhance the usability of these appliances, allowing hands-free operation.

Energy Efficiency and Sustainability Trends: North American consumers are becoming more environmentally conscious, driving the demand for energy-efficient appliances. Government initiatives such as the Energy Star program promote eco-friendly appliances by providing incentives and rebates. Manufacturers are investing in innovative cooling, heating, and water-saving technologies to meet these regulatory standards. Additionally, sustainable materials and recyclable components in appliance manufacturing are gaining traction, aligning with consumers’ eco-friendly preferences.

Growth of the Housing Market and Urbanization: The expansion of the residential sector, particularly in urban areas, is a key factor propelling the major home appliances market. As housing developments and real estate investments grow, the demand for kitchen and laundry appliances increases. Urbanization has also led to a rise in smaller living spaces, resulting in increased sales of compact and multi-functional appliances designed for apartments and condominiums.

The Report Covers the UK Major Home Appliances Companies and the market is segmented by Product (Refrigerators, Washing Machines, Freezers, Dryers, Ovens, Hoods, Ranges, and Others) and By Distribution Channels (Supermarkets and Hypermarkets, Specialty Stores, E-Commerce, and Others).