The global household appliances market size was estimated at USD 503.03 billion in 2024 and is expected to expand at a CAGR of 5.2% from 2025 to 2030. The global household appliances industry is driven by rising urbanization, increasing disposable incomes, and growing demand for energy-efficient solutions. Stricter government regulations and eco-conscious consumers are pushing manufacturers toward sustainable, long-lasting appliances. The rise in household appliance ownership globally is driven by several factors beyond income growth and urbanization. Declining appliance costs due to improved manufacturing efficiencies and economies of scale have made products more affordable. Electrification in rural areas is expanding access to modern appliances in previously underserved regions.
Energy efficiency has become a key priority for homeowners and property managers, given the significant impact that major household appliances have on overall energy consumption. As a result, the growing focus on energy optimization is expected to drive market growth, with consumers increasingly replacing older, less efficient models with newer, energy-saving options.
List of Key Players in Household Appliances Market
Whirlpool Corporation
Samsung Electronics Co. Ltd.
Robert Bosch GmbH
LG Electronics Inc.
Electrolux AB
Haier Smart Home Co., Ltd.
Panasonic Corporation
Sharp Corporation
Miele
Midea Group
Koninklijke Philips N.V.
Breville Group Limited
De'Longhi S.p.A.
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Household Appliances Market Report Highlights
Major appliances accounted for a revenue share of 89.55% in 2024. These appliances, such as refrigerators, washing machines, and ovens, are necessary for daily living and often replaced less frequently than smaller appliances, contributing to steady demand.
Sales through electronic stores accounted for a revenue share of 45.49% in 2024 in the market. Electronic stores have become a key distribution channel in the household appliances industry, seamlessly combining traditional retail advantages with modern technology.
The Asia Pacific household appliances market accounted for a revenue share of 44.61% in 2024. The region is home to some of the fastest-growing cities globally, with countries like China, India, Indonesia, and Vietnam experiencing substantial urban expansion.