Household Appliances Market Share

APAC Market Statistics

Asia Pacific in home appliances market is anticipated to capture over 46% revenue share by 2037. The landscape's tremendous growth in the region is expected credited to the surge in the working population as they demand convenience in their busy lifestyle.

According to a report by the UN ESCAP in 2023, the working population in APAC has increased 4 times to 3.2 billion from 1950 to 2022.

China's ever-growing technologically advanced appliances and smart devices that are energy-efficient and increase in urbanization are expected to fuel the revenue share. According to a report in 2021, the spending on IT increased by 9.3%, it is projected that by 2035 the urbanization rate of China will cross 78%, estimated to be 66% in 2023.

There is a surge in the middle-income population in Japan for energy-efficient appliances in this region. According to a report in 2024, more than 6% of household are projected to earn less than 1 million Japanese yen.

North America Market Analysis

The North American region will also encounter a huge influence on the home appliances market value during the forecast period with a size of about 28 billion in 2023 and will account for the second position attributed to the increasing demand for the construction sector such as residential infrastructural.

In the United States, the growth in infrastructure projects, commercial structures, housing complexes, and many more is expected to grow the demand for the home appliances sector. According to the U.S. Department of Treasury, as the income increases, it is expected that there will be more infrastructure per capita investments as compared to lower-income states.

There is a growth in e-commerce for appliances such as smartphones, and tablets in Canada. According to a report in 2024, there has been an increase of about 1.1% in the e-commerce sector in Canada and 48% by 2028.