Household Appliances Market Report 2025

The household appliances market size has grown strongly in recent years. It will grow from $671.66 billion in 2024 to $729.08 billion in 2025 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to increased home renovation, housing market growth, electrification of homes, changing lifestyles, energy efficiency awareness, demographic shifts.

The household appliances market size is expected to see strong growth in the next few years. It will grow to $971.15 billion in 2029 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to growing smart home integration, rising middle-class population, health and wellness features, aging population needs, energy storage integration. Major trends in the forecast period include sustainable design, internet of things (iot), voice and AI integration, compact and multi-functional appliances, advanced cooking technologies, customization and personalization.

The anticipated surge in outdoor gatherings and cookouts during weekends and holidays is poised to be a significant driver for the household appliances market in the forecast period. The dynamic evolution of lifestyles, coupled with the growing popularity of outdoor recreational activities, is expected to fuel the demand for household appliances. Projections indicate that the Europe household appliances market is set to achieve a valuation of $5.98 million by 2026. The global market for household appliances is expected to witness a boost, propelled by factors such as increased access to distinctive camping sites, a rise in adventure camping, and an upswing in disposable income.

The escalating prevalence of e-commerce is anticipated to propel the expansion of the household appliances market in the coming years. E-commerce, denoting the online buying and selling of goods and services, has brought about a transformative impact on the household appliances sector. It offers consumers a convenient, transparent, and efficient platform for researching, comparing, and purchasing appliances, while simultaneously affording businesses the opportunity to broaden their customer base and streamline operational processes. As of August 2023, data from the United States Census Bureau, a government agency in the U.S., reveals a 7.5% increase (or 1.4%) in e-commerce estimates for the second quarter of 2023 compared to the same period in 2022. In contrast, overall retail sales witnessed a 0.6% increase (or 0.4%). The escalating prevalence of e-commerce is thus a driving force behind the household appliances market's growth trajectory.

Household appliance manufacturers are incorporating LED lights into their products as a strategic approach to minimize power consumption. LED lights, with their lower wattage requirements in comparison to CFL or incandescent bulbs, have become a preferred choice. Manufacturers in the household appliance sector are placing a heightened emphasis on introducing products featuring LED lighting, aiming to achieve not only reduced power consumption but also an enhanced visual appearance. As an illustrative example, GE has implemented an LED refrigerator lighting system that achieves an impressive 80% reduction in power consumption compared to halogen lamps. This innovation is integrated into products such as café’s French door refrigerators and profile wall ovens. Noteworthy companies engaged in the manufacturing of LED lighting include Philip Electronics N.V., Osram Opto, Digital Lumens Inc., and Cree Corporation.

Leading companies in the home appliances market are increasingly focused on developing innovative AI-powered appliances to enhance user convenience, boost energy efficiency, and provide personalized experiences. AI-powered home appliances are household devices that utilize artificial intelligence (AI) technologies to improve their functionality, efficiency, and user experience. For example, in April 2024, Samsung Electronics, a South Korea-based electronics company, introduced its range of AI-powered home appliances, featuring advanced functionalities such as energy efficiency, personalized automation, and enhanced user experiences. This new lineup includes refrigerators, washing machines, and air conditioners, all integrated with Samsung's SmartThings platform, enabling seamless control through AI technology. These appliances leverage artificial intelligence to optimize functions, such as adjusting washing cycles based on fabric type or monitoring food freshness in refrigerators. The AI-powered range is designed to meet the rising consumer demand for smart and eco-friendly household solutions.

In February 2022, Spectrum Brands Holdings, Inc., a US-based company specializing in consumer products, acquired Tristar Products, Inc. for $325 million. This acquisition aims to bolster Spectrum Brands Holdings, Inc.'s position in the consumer products sector by incorporating Tristar Products, Inc.'s diverse range of appliance and cookware solutions, thereby expanding its product offerings, driving operational efficiencies, and ultimately increasing growth opportunities within its Home and Personal Care segment. Tristar Products, Inc. is a US-based company that offers a variety of products, including home appliances.

Major companies operating in the household appliances market include Samsung Electronics Co. Ltd., Hitachi Appliances, LG Electronics, Panasonic Appliances, Qingdao Haier Co. Ltd., Daikin Industries Ltd, Haier Smart Home Co. Ltd., Gree Electric Appliances, Toshiba Corporation, Whirlpool Corporation, Sharp Corporation, Bosch-Siemens, Electrolux AB, Liebherr Group, Wolf Appliance, Candy Group, Hisense Group, Groupe SEB SA, Arçelik Global, Miele, Maytag Corporation, Vestel International, Fisher & Paykel, Indesit Company, Blue Star Limited, Thermador, Sub-Zero Group, DCS Appliances, Smeg, Viking Range, AGA Rangemaster, Gaggenau, Bertazzoni S.p.A., Dacor Inc., American Range, Asko Appliances, La Cornue, Hestan Commercial Corporation, Lynx Grills, ILVE Spa.

Asia-Pacific was the largest region in the household appliances market in 2024. Western Europe was the second largest region in the household appliances market. The regions covered in the household appliances market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the household appliances market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

A home appliance, commonly referred to as a domestic electric appliance, is a device designed to assist with everyday tasks such as cooking, cleaning, and food preservation. These household appliances can be powered by electricity, gas, or batteries, and they are essential in contemporary life, as they save time, boost productivity, and improve overall quality of life.

The primary categories of household appliances include small electrical appliances, household cooking appliances, household refrigerators, Freezers, household laundry equipment, and other major household appliances. Household laundry equipment specifically pertains to machinery and devices used for residential laundry purposes, such as washing machines and dryers. These appliances can operate in both online and offline modes, serving diverse applications in cooking, cleaning, and other household tasks.

The household appliance market research report is one of a series of new reports that provides household appliance market statistics, including household appliance industry global market size, regional shares, competitors with a household appliance market share, detailed household appliance market segments, market trends and opportunities, and any further data you may need to thrive in the household appliance industry. This household appliance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The household appliance market consists of sales of household-type fans, household-type vacuum cleaners, electric stoves, microwave ovens, barbecues and grills, refrigerators, freezers, ice boxes, washing machines, ironers, dryers, dishwashers, waste disposable units, water heaters, and other household appliances. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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