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Household Appliances Market Size

  • Report ID: 6139
  • Published Date: Jun 07, 2024
  • Report Format: PDF, PPT

Household Appliances Market Size

Home Appliances Market size was valued at USD 625 Billion in 2023 and is set to exceed USD 1174 Billion by the end of 2036, expanding at over 5.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of home appliances is estimated at USD 658 Billion.

This boost is anticipated by the slated demand for affordability, and the growth in the economic conditions, along with the continuously changing consumer lifestyle acts as a major growth driver for the rise in the appliances rental market share. According to a report by the World Economic Outlook in 2023, global growth is projected to fall to 2.9% in 2023 from 3.4 % in 2022 but is estimated to rise to 3.1% in 2024.

Home Appliances Market
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Author Credits:  Parul Atri


  • Report ID: 6139
  • Published Date: Jun 07, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of the home appliances market was over USD 625 billion.

The market size for the home appliances market is projected to cross USD 1174 billion by the end of 2036 expanding at a CAGR of 5.4% during the forecast period i.e., between 2024-2036.

The major players in the market are Panasonic, Sharp Corporation, Samsung Electronics Co., Ltd., Midea Group Co., Ltd., LG Electronics Inc., Qingdao Haier Co., Ltd., AB Electrolux, Robert Bosch GmbH, Haier, and others.

In terms of product, the cooktop segment is anticipated to account for the largest market share of 31% during 2024-2036.

The APAC home appliances sector is poised to hold the highest share of 46% by 2036.
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