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 Report Covers North American Home Appliance Manufacturers. It is Segmented by Major Appliances (Refrigerators, Freezers, Dishwashing Machines, Washing Machines, Cookers and Ovens, And Other Appliances), Small Appliances (Vacuum Cleaners, Small Kitchen Appliances, Hair Clippers, Irons, Toasters, Grills and Roasters, Hair Dryers, And Other Small Appliances), And by Distribution Channels (Supermarkets/Hypermarkets, Specialty Stores, E-commerce Stores, And Other Distribution Channels). The Market Size and Forecast Values for the North America Home Appliances Market in USD Billion for the Above Segments.

The global consumer appliances market is anticipated at US$ 419 billion in 2022. Demand is likely to remain high for consumer appliances during the assessment period. This is due to the increased demand for advanced appliances and connected kitchen appliances and garnering US$ 679.8 billion in 2033, recording a CAGR of 4.5% from 2023 to 2033. The market is likely to secure US$ 437.8 billion in 2023.

Data Points	Key Statistics
Consumer Appliances Market Size Value in 2023	US$ 437.8 billion
Consumer Appliances Market Forecast Value in 2033	US$ 679.8 billion
Global Growth Rate	4.5%
Forecast Period	2023 to 2033

Consumer Appliances Market Revenue Analysis from 2018 to 2022 Vs Market Outlook for 2023 to 2033

Historical CAGR (2018 to 2022)	4.0%
Forecasted CAGR (2023 to 2033)	4.5 %

Report Scope

Attribute	Details
Growth Rate	CAGR of 4.5% from 2023 to 2033
Market Value in 2023	US$ 437.8 billion
Market Value in 2033	US$ 679.8 billion
Base Year for Estimation	2022
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in US$ Billion and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Equipment Component System Sorting End-Use Load Capacity Throughput Capacity Region
Regions Covered	North America Latin America Western Europe Eastern Europe South Asia and Pacific East Asia Middle East & Africa
Key Countries Profiled	United States Canada Brazil Mexico Germany United Kingdom France Spain Italy Poland Russia Czech Republic Romania India Bangladesh Australia New Zealand China Japan South Korea GCC Countries South Africa Israel Rest of MEA
Key Companies Profiled	AB Electrolux Qingdao Haier Co., Ltd. (Haier) Hitachi, Ltd. LG Electronics Inc. (LG) Midea Group Co., Ltd. (Midea) Panasonic Corporation (Panasonic) Robert Bosch GmbH Samsung Electronics Co., Ltd. Sharp Corporation (Sharp) Whirlpool Corporation

The statistic illustrates appliance companies by market share in the United States in 2008 and in the second quarter of 2013. LG's market share rose from 8.5 percent in 2008 to 14 percent by the second quarter of 2013.

Appliance companies U.S. market share - additional information

The U.S. home appliance industry is a vast market with an estimated 55.7 million units of major kitchen and laundry appliances shipped in the United States in 2013. Based on its market share of 30.4 percent, Whirlpool Corporation was the largest appliance producer in the United States in the second quarter of 2013. Although the Michigan-based company’s market share has fallen from 35.9 percent since 2008, it has maintained its position as the market leader because Whirlpool’s closest competitor, General Electric, has also seen its share fall from 18.9 percent in 2008 to 15.9 percent in the second quarter of 2013. In contrast, LG and Samsung have seen their market shares rise significantly in the same time period.

Whirlpool Corporation was founded in 1911 and, as of 2013, employs around 70,000 people across the globe. The company’s revenue amounted to over 18.75 billion U.S. dollars in 2013, the highest it has been since 2008. General Electric, the second largest appliance manufacturer in the U.S., employed around 307,000 people worldwide in 2013 and generated 146 billion U.S. dollars in revenue, a fall from the 180 billion U.S. dollar revenue in 2008.

Although Whirlpool is the leading appliance producer in the United States, it is only the second largest household appliance company worldwide based on sales in 2013. Whirlpool’s sales of 18.8 billion U.S. dollars in 2013 were eclipsed by those of the Midea Group, whose sales reached 19.6 billion U.S. dollars. Midea is a privately held Chinese company, headquartered in Guangdong, which employs approximately 110,000 people worldwide as of 2014.

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.

North America Household Appliance market size was estimated at USD 272333.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031.

The report covers North America High End Appliances Market Brands and it is segmented by Type (Cooking and Baking, Cooling, Cleaning, and Other Appliances), by Application (Commercial and Residential), by Distribution Channel (Multi-brand Stores, E-Commerce, Exclusive Stores, and Other Distribution channels) and by Geography (US and Canada).

Whirlpool and AB Electrolux dominated the U.S. home appliance market in 2013, with shares of around 40% and 24% respectively. The situation has changed considerably over the last decade with Samsung and LG Electronics now not only ruling the U.S. but also the global market, with Haier being another major player. These companies control much of the revenue generation in the market, with their brand image and the intrinsic capital intensive nature of the industry, making it difficult for new players to enter the market. Revenues related to appliance manufacturing in the U.S. are expected to increase from 18.9 billion U.S. dollars in 2017 to 20.5 billion U.S. dollars by 2023. Cooking appliances, home laundry appliances and dishwashers are the three largest categories in this segment. Global industry witnessing much consolidation The global major home appliance industry continues to witness much consolidation within the top 10 companies which were responsible for over 65% of total unit shipments in 2017. This is primarily because major players are looking to not only expand their geographical footprint but enter into new segments and inorganic growth is a proven strategy to achieve that. A recent example is Chinese company Hisense Group’s acquisition of Slovenian appliance manufacturer Gorenje; a deal that also had Haier Group, Midea Group and Hefei Meiling in the running.

Introduction

Appliances Statistics: The appliance industry is huge because hundreds of home and household appliances will be manufactured by leading global companies in 2025. As the demand for appliances is increasing enormously, the industry is gaining billions of dollars in business from every sale each year. Overall, the appliance market is forecast to grow in the coming years.

This Appliances Statistics includes statistical analyses of all different appliances from several insights of recent years, and I hope you will get better ideas before investing in the market.

The refurbished appliance market share is estimated to expand at a CAGR of 13.60% over the assessment period. In 2024, the market is expected to generate a revenue worth US$ 9,809.5 million. By 2034, the market size is forecast to expand to US$ 35,109.9 million.

Attributes	Key Insights
Market Size in 2024	US$ 9,809.5 million
Market Value in 2034	US$ 35,109.9 million
Value-based CAGR from 2024 to 2034	13.60%

2019 to 2023 Historical Analysis vs. 2024 to 2034 Market Forecast Projections

Historical CAGR (2019 to 2023)	13.10%
Forecasted CAGR (2024 to 2034)	13.60%

Country-wise Analysis

Countries	Forecast CAGRs from 2024 to 2034
The United States	8.40%
Germany	9.10%
China	15.90%
India	16.70%
Japan	16.20%

Category-wise Insights

Category	Market Share
Home Appliance	59%
Commercial	53.4%

Report Scope

Attributes	Details
Estimated Market Size in 2024	US$ 9,809.5 million
Projected Market Valuation in 2034	US$ 35,109.9 million
Value-based CAGR 2024 to 2034	13.6%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	Value in US$ million
Key Regions Covered	North America Latin America Western Europe Eastern Europe South Asia and Pacific East Asia The Middle East and Africa
Key Market Segments Covered	Product Type End User Sales Channel Region
Key Countries Profiled	The United States Canada Brazil Mexico Germany The United Kingdom France Spain Italy Russia Poland Czech Republic Romania India Bangladesh Australia New Zealand China Japan South Korea GCC countries South Africa Israel
Key Companies Profiled	Reebelo Back Market Amazon Renewed Best Buy Outlet Walmart Renewed eBay Refurbished Newegg Renewed RefurbKing FactoryPure Sears Outlet Wayfair Outlet B&H Refurbished Appliance AJ Madison Outlet Costco Renewgoo

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 US Small Home Appliances Market Report is segmented by Product (Vacuum Cleaners, Hair Clippers, Irons, Toasters, Hair Dryers, Coffee Machines, Grills and Roasters, and Other Products), and by Distribution Channel (Multi-Branded Stores, Specialty Stores, Online, and Other Distribution Channels).

North America Small Home Appliances Market is Segmented By Product (Vacuum Cleaners, Food Processors, Coffee Makers, Irons, Toasters, Grills & Roasters, Hair Dryers, and Other Small Home Appliances), By Distribution Channel (Multi-Branded Stores, Exclusive Stores, Specialty Stores, Online and Other Distribution Channels) and By Geography (US, Canada, and Mexico). The report offers Market size and forecasts for North America Small Home Appliances Market in value (USD Million) for all the above segments.

The revenue in the household appliances market in the United States was forecast to continuously increase between 2024 and 2029 by in total 10.3 billion U.S. dollars (+16.7 percent). After the seventh consecutive increasing year, the indicator is estimated to reach 72.02 billion U.S. dollars and therefore a new peak in 2029. Find more information concerning Russia and Europe. The Statista Market Insights cover a broad range of additional markets.

The U.S. Household Appliances Market size was valued at USD 100.07 billion in 2023 and is projected to reach USD 161.74 billion by 2032, exhibiting a CAGR of 7.1 % during the forecasts period. Household appliances are the backbone of modern living, enhancing convenience and efficiency in homes. From refrigerators to washing machines, these appliances play a crucial role in daily routines. The major factors influencing the U. S. Household Appliances Market are technology, increasing disposable income and people’s living standards. Customers are paying more attention to energy-saving and smart appliances that are convenient and integrated. Another trend is the increased demand for products that can be attributed to the growing concern for the environment. Other drivers for the market include aspects like urbanization, changing population profile of the consumers, and rise in kitchen renovations. There is strong emphasis on innovation; manufacturers offer products with IoT features, automation capabilities, and better energy efficiency to meet customer needs in this saturated market. The market of household appliances remains active and progressive with new products being developed and marketed to cater for the rapidly changing needs of consumers. Recent developments include: In March 2022, Samsung Electronics launched a new model of its Bespoke French Door refrigerator at CES 2022. The new line combines unique and customizable designs with Samsung's latest storage and cooling innovations to provide consumers with the refrigerator they've always wanted with the convenience they truly require. Families can choose from 12 stylish glass and steel finishes to complement their kitchen, while the SpaceMax technology ensures they can comfortably store all of their groceries for all types of cooking. , In February 2022, Spectrum Brand Holdings Inc., a leading global branded consumer products and home essentials company, announced that it had signed a definitive agreement to acquire the home appliances and cookware categories of Tristar Products, Inc. (the “Tristar Business”) for USD 325 million , In February 2022, LG Electronics launched a new device in the dishwashing category, with features like QuadWash Pro and Dynamic Heat Dry technologies, designed with a multitude of engineering enhancements to offer consumers smarter cleaning innovation and the ultimate convenience. , In January 2022, DaanTech, a new startup launched The Bob at the CES 2022. It is a countertop space-saving dishwasher. A UV-C cleaning cycle is an optional extra feature on the Bob. In this mode, the washer does not use water, but rather UV-C rays to disinfect items that cannot be wet, such as phones, keys, and wallets. Consumers would be thrilled to see it presented as a tabletop appliance rather than a separate machine. , In January 2022, with its new LG WashTower and washer and dryer pair, LG Electronics (LG) demonstrated a smarter, more seamless way to do laundry. LG's enhanced Artificial Intelligence Direct Drive (AI DD) technology, proven steam technology, and an array of functions make washing and drying clothes more convenient than ever before. The new laundry pair delivers customized performance with LG's enhanced AI DD technology, which can sense load size, fabric type, and the level of soiling of a clothing article, automatically adding the appropriate amount of detergent and adjusting the wash style for optimal cleaning. , In December 2021, FOTILE, a global leader in household appliances, launched a new flagship series of combination countertop ovens called “ChefCubii”. The product features three steam modes: bake mode, air fryer mode, and dehydrator mode. , In May 2021, Bespoke Home 2021, a new virtual platform and global showcase for Samsung Home Appliances, was launched by Samsung Electronics. The event celebrated the global expansion of the Bespoke refrigerator lineup, as well as the upcoming global launch of the Bespoke Kitchen package, new lifestyle appliances, and integrated IoT solutions—all of which can be more personalized, flexible, and intelligent. , In May 2021, Whirlpool Corporation collaborated with VTEX, a multinational tech company that provides a global, fully integrated end-to-end commerce solution, to play a key role in Whirlpool’s digital commerce strategy. , In April 2021, Panasonic Corporation acquired Blue Yonder, the leading end-to-end, digital fulfillment platform provider, for USD 7.1 billion. This acquisition was aimed at helping Panasonic expand in the U.S. , In February 2021, Whirlpool Corporation virtually displayed its latest appliance innovations in kitchen and laundry appliances at the 2021 NAHB International Builder’s Show (IBSx). .

Expert industry market research on the Major Household Appliance Manufacturing in the US (2005-2030). Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts.

The US Large Kitchen Appliances Market Report is Segmented by Product (Refrigerators, Freezers, Dishwashing Machines, Cookers and Ovens, and Ranges), Application (Residential and Commercial), and Distribution Channel (Specialist Retailers, Online Retailers, Supermarkets, Hypermarkets, Manufacturer retailers, and Other Distribution Channels). The Report Offers Market Size and Forecasts in Terms of Value (USD) for all the Above Segments.

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.

The market for built-in kitchen appliances is estimated to be worth US$ 15,856.7 million in 2024. From 2024 to 2034, the market is likely to progress at a healthy CAGR of 7.5%. By 2034, the built-in kitchen appliance market is expected to reach US$ 32,681.2 million.

Attributes	Details
Built-in Kitchen Appliance Market Value for 2024	US$ 15,856.7 million
Projected Market Value for 2034	US$ 32,681.2 million
Value-based CAGR of Market for 2024 to 2034	7.5%

Historical Performance of the Built-in Kitchen Appliance Market

Attributes	Details
Market Valuation (2019)	US$ 11,274.0 million
Historical CAGR (2019 to 2023)	7.0%
Market Valuation (2023)	US$ 14,777.9 million

Category-wise Outlook

Attributes	Details
Top Product Type	Built-in Refrigerator
Market Share in 2024	26.4%

Attributes	Details
Top Application	Residential
Market Share in 2024	80.8%

Country-wise Analysis

Countries	CAGR (2024 to 2034)
United States	7.4%
Australia	7.9%
Germany	7.7%
China	7.6%
India	7.8%

According to Cognitive Market Research, the global Small Appliance market size will be USD 194215.6 million in 2025. It will expand at a compound annual growth rate (CAGR) of 5.50% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 77686.24 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 58264.68 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 44669.59 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2025 to 2033.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 9710.78 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2025 to 2033.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 3884.31 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2025 to 2033.
The Portable and smart appliances category led the Small Appliance Market.

Market Dynamics of Small Appliance Market

Key Drivers for Small Appliance Market

Consumers seek quick, efficient household solutions for daily tasks to Boost Market Growth

The growing demand for quick, efficient household solutions is a significant driver of market growth. As consumers seek convenience and time-saving options for daily tasks, there is an increased preference for products that offer ease of use, speed, and effectiveness. This trend is driven by busy lifestyles, where people prioritize functionality and multitasking capabilities in household products. The rise of smart appliances, automated systems, and user-friendly gadgets has further fueled this demand. With a focus on innovation and simplicity, brands are continuously developing solutions that cater to these needs, enhancing market potential and consumer satisfaction. For instance, TTK Prestige Ltd. introduced the Prestige 4.5-liter Nutrifry air fryer in June 2024. For frying, this product employs clever airflow 360-degree warm air circulation, which produces a crisp texture.

(Source:https://www.amazon.in/Prestige-Nutrifry-Electric-Digital-Consumption/dp/B0CXQ8R7G2?th=1)

Increased spending power boosts demand for high-quality small appliances

Increased spending power, particularly in emerging markets, is a key driver of demand for high-quality small appliances. As disposable incomes rise, consumers prioritize durable, efficient, and feature-rich products, shifting away from lower-priced, lower-quality alternatives. This growing affluence leads to a willingness to invest in premium brands that offer advanced functionalities, energy efficiency, and long-term reliability. Additionally, increased urbanization and lifestyle changes, such as a focus on convenience and time-saving solutions, further fuel the demand. Manufacturers are responding by innovating and launching products that meet these evolving consumer expectations, driving growth in the small appliances market.

Restraint Factor for the Small Appliance Market

Increased cost limits consumer affordability and market accessibility

The key restraints that dominate market growth are the increased cost of products or services, which limits consumer affordability and market accessibility. High prices make it difficult for a significant portion of the population to access or adopt the technology, particularly in price-sensitive regions or among low-income groups. This can also lead to lower sales volumes and reduced market penetration. As a result, companies may face challenges in achieving widespread adoption, hindering overall market expansion. Furthermore, the high cost may reduce competition, as only a few players with substantial resources can afford to participate in the market.

Market Trends in Small Appliance Market

Smart technology integration enhances convenience and energy efficiency in appliances

Smart technology integration in appliances is driving trends focused on convenience and energy efficiency. IoT-enabled devices, like smart refrigerators, ovens, and thermostats, provide real-time monitoring and control via mobile apps, improving user convenience. Automation, such as energy-saving modes and predictive maintenan...