Home Appliance Industry - Statistics & Facts

Home Appliance Industry - Statistics & Facts

Statistics and facts about the Home Appliance Industry

The home appliance industry is a multi-billion dollar industry with 583 million appliances being shipped worldwide in 2013 alone. As of 2013, the leading home appliance company in the global market was Chinese company Midea Group with sales of almost 20 billion U.S. dollars. Other strong competitors in the industry include Gree Electric Appliances, also a Chinese company, as well as the U.S. company Whirlpool and Swedish dealer Electrolux. Whirlpool remains dominant in the U.S. market with almost a third of the market share, although the influence of companies such as LG and Samsung is beginning to grow.

Some of the products that can be placed in the household appliances category include home laundry appliances such as automatic washers as well as gas and electric dryers. In 2013, more than 14 million units of such major home laundry appliances were shipped in the United States, with the number expected to grow further in the coming years. Ranges, ovens, dishwashers, refrigerators, freezers, heaters and air conditioning units are other products produced and sold by the household appliance industry.

A growing sub-market within the home appliance industry is the “smart-appliance” market. Sources predict that by 2015 the value of the smart appliances market will have reached as much as 5.4 billion U.S. dollars.

Picture: freeimages.com / lilieks

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