Consumer Appliances Market Report 2026

The consumer appliances market size has grown strongly in recent years. It will grow from $492.65 billion in 2025 to $524.82 billion in 2026 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to rising household modernization, increasing consumer lifestyle upgrades, expansion of residential infrastructure, early adoption of electrical appliances, growing focus on convenience solutions.

The consumer appliances market size is expected to see strong growth in the next few years. It will grow to $661.63 billion in 2030 at a compound annual growth rate (CAGR) of 6%. The growth in the forecast period can be attributed to growing demand for smart home technologies, rising consumer spending capacity, expansion of e commerce appliance retail, increasing emphasis on energy efficient devices, growing urbanization trends. Major trends in the forecast period include increasing adoption of smart connected home appliances, growing integration of ai enabled consumer devices, rising use of digital platforms for appliance control, expansion of advanced manufacturing in appliance production, strengthening focus on energy efficient household appliances.

The rise in the popularity of restaurants is expected to propel the growth of the consumer appliances market going forward. Restaurants are establishments where food and beverages are prepared, served, and consumed, typically in exchange for payment. Their growing popularity is driven by increasing consumer demand for convenient, diverse, and social dining experiences. Consumer appliances play a crucial role in supporting restaurants by enhancing operational efficiency, improving food quality, expanding culinary capabilities, and enabling innovation while maintaining high standards of hygiene and service. For instance, in June 2024, according to Statistics Sweden, a Sweden-based government agency, restaurants recorded a 1.2% increase in sales volume and a 5.9% rise in turnover at current prices in the first quarter of 2024 compared to the same period in 2023. Therefore, the rising popularity of restaurants is driving the growth of the consumer appliances market.

Major companies operating in the consumer appliances market are developing AI-based kitchen robots to transform meal preparation by improving efficiency, consistency, and convenience in both domestic and commercial kitchens. AI-based kitchen robots are advanced robotic systems that automate or assist with cooking and kitchen tasks using artificial intelligence and robotics technologies, making cooking more efficient, accessible, and enjoyable. For example, in June 2024, Wonderchef, an India-based consumer appliances manufacturer, launched Chef Magic, an all-in-one kitchen robot. The product features 360° induction heating for even and efficient cooking, an in-built weighing scale for precision, and a smartphone-like touchscreen interface. It is Wi-Fi enabled, allowing regular updates with new recipes, features, and weekly enhancements.

In July 2025, Reliance Retail Ventures Limited, an India-based retail company, acquired Kelvinator Corporation for an undisclosed amount. Through this acquisition, Reliance Retail aims to expand its home appliances portfolio, strengthen its presence in the consumer electronics market, leverage Kelvinator’s established brand reputation and distribution network, and drive innovation in energy-efficient and smart home appliance solutions across India. Kelvinator Corporation is an India-based company specializing in refrigerators, air conditioners, and other home appliance solutions.

Major companies operating in the consumer appliances market report are Samsung Electronics Co. Ltd., Robert Bosch GmbH, General Electric Company, Hitachi Ltd., Panasonic Corporation, Midea Group Co. Ltd., Xiaomi Corporation, Haier Group Corp., Koninklijke Philips N.V., Whirlpool Corporation, Sharp Corporation, AB Electrolux, Arçelik, Spectrum Brands Inc., Rinnai Corp., Havells India Ltd., Syska, Hisense Inc., Sunbeam Products Inc., Brio Product Group LLC, LG Electronics Inc., Toshiba Corporation, Electrolux AB.

Asia-Pacific was the largest region in the consumer appliances market in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the consumer appliances market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the consumer appliances market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The consumer appliances market consists of sales of smart thermostats, cooking appliances, and grooming kits. 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.

This product will be delivered within 1-3 business days.