The Household Appliances Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Household Appliances Market?
The market size for household appliances has seen substantial growth lately. It is projected to expand from $671.66 billion in 2024 to $729.08 billion in 2025, with a compound annual growth rate (CAGR) of 8.5%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Household Appliances Industry?
The Household Appliances Global Market is projected to reach a size of $971.15 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.4%.
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What are the Key Growth Drivers Fueling the Household Appliances Market?
The key drivers in the household appliances market are:
• Increased smart home integration
• Rise in the middle-class population
• Addition of health and wellness features in appliances
• Integration of energy storage in appliances
Global Market Segmentation: Identifying Major Household Appliances Industry Segments
The household appliances market covered in this report is segmented –
1) By Type: Small Electrical Appliance, Household Cooking Appliance, Household Refrigerator And Home Freezer, Household Laundry Equipment, Other Major Household Appliance
2) By Mode: Online, Offline
3) By Application: Cooking, Cleaning, Other Applications
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What are the Emerging Trends Shaping the Future of the Household Appliances Market?
The key trends in the household appliances market are:
• The integration of smart home technology is driving future changes in the market.
• A growing focus on sustainability is shaping the design of household appliances.
• Adoptions of Internet of Things (IoT), voice, and AI integration are significant emerging trends.
• There is an increasing preference for compact, multi-functional appliances, advanced cooking technologies, and customized, personalized devices.
Who Are the Top Competitors & Leading Players in the Household Appliances Market?
Major companies in the household appliances market are:
• 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
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the household appliances market in 2024
