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 volume is forecast to experience significant growth in all segments in 2029. Concerning the two selected segments, the segment Small Appliances has the largest volume with 473.07 million pieces. Contrastingly, Major Appliances is ranked last, with 54.48 million pieces. Their difference, compared to Small Appliances, lies at 418.59 million pieces. Find further statistics on other topics such as a comparison of the volume in Brazil and a comparison of the volume growth in Brazil. The Statista Market Insights cover a broad range of additional markets.

Household appliance store sales in the United States have been steadily increasing in previous years, peaking in 2021 during the COVID-19 pandemic. In 2023, U.S. household appliance store sales came to about 19.3 billion U.S. dollars, a nearly one-billion U.S. dollar decrease compared to the previous year. Nonetheless, 2023 figures remain higher than pre-pandemic figures.

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 U.S. electronics and appliance stores had sales amounting to about 7.16 billion U.S. dollars in February 2024. Best Buy is one of the leading electronics and appliances retailers in the United States.

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

Graph and download economic data for Retail Sales: Household Appliance Stores (SM443141USN) from Jan 1992 to Jan 2025 about appliances, retail trade, sales, retail, households, and USA.

Forecast: Major Household Appliance Sales in the US 2024 - 2028 Discover more data with ReportLinker!

The Home Appliance Market Report is Segmented by Product (major Appliances (refrigerators, Freezers, Dishwashers, Ovens, Air Conditioners, and Other Major Appliances) and Small Appliances (coffee and Tea Makers, Food Processors, Grills and Roasters, Vacuum Cleaners, and Other Small Appliances)), Distribution Channel (multi-Branded Stores, Specialty Stores, Online, and Other Distribution Channels), and Geography (North America, South America, Europe, Asia-Pacific, and the Middle East and Africa). The Report Provides Market Size and Value Forecasts (in USD) for These Segments.

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.

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.

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 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.

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The household appliance industry report identifies product innovation and advancement as one of the primary drivers propelling the growth of the market. This driver is expected to create several growth opportunities and entice market vendors to make significant investments.

The household appliance market report also provides several other key information including:

CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will drive household appliance market growth during the next five years
Precise estimation of the household appliance market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the household appliance market industry across APAC, Europe, North America, South America, and MEA
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of household appliance market vendors

Graph and download economic data for Monthly State Retail Sales: Electronics and Appliance Stores in the United States (MSRSUSA443) from Jan 2019 to Nov 2024 about appliances, electronics, retail trade, sales, retail, and USA.

The United States Electronics And Appliance Stores Market Is Segmented By Type (Hardware Suppliers, Security Stores, Consumer Electronics Stores), By Ownership (Retail Chain, Independent Retailer), And By Type Of Store (Exclusive Retailers/Showrooms, Inclusive Retailers/Dealer Stores, Online). The Report Offers Market Size And Forecasts For The United States Electronics And Appliance Stores Market In Volume (Number Of Stores) And Value (USD) For All The Above Segments.

Latin America Home Appliances Market Report is Segmented by Product (major Appliances (refrigerators, Freezers, Dishwashing Machines, Washing Machines, Cookers and Ovens, And Other Major Appliances), Small Appliances (vacuum Cleaners, Food Processors, Irons, Toasters, Grills and Roasters, Coffee Machines, Hair Dryers and Other Small Appliances), And Distribution Channel (multi-Brand Stores, Exclusive Stores, Online, And Other Distribution Channels) and Country (Brazil, Argentina, Mexico, Colombia, Chile, And Others). The Report Offers Market Sizes and Forecasts for the Latin America Home Appliances Market in Value (USD) for all the Above Segments.

Forecast: Household Cooking Appliance Sales in the US 2024 - 2028 Discover more data with ReportLinker!

Forecast: Small Electric Household Appliances Sales in the US 2024 - 2028 Discover more data with ReportLinker!

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.