Household Appliances - Worldwide | Statista Market Forecast

Revenue in the Household Appliances market amounts to US$0.72tn in 2023. The market is expected to grow annually by 4.81% (CAGR 2023-2028).
The market's largest segment is the segment Major Appliances with a market volume of US$0.46tn in 2023.
In global comparison, most revenue is generated in China (US$166.20bn in 2023).
In relation to the total number of households, per household revenues of US$325.70 are generated in 2023.
In the Household Appliances market, 31.3% of total revenue will be generated through online sales by 2023.
In the Household Appliances market, volume is expected to amount to 5.03bn pieces by 2028. The Household Appliances market is expected to show a volume growth of 1.2% in 2024.
The average volume per household in the Household Appliances market is expected to amount to 2.11pieces in 2023.

Definition: The Household Appliances market covers appliances that are usually used in private households to perform various tasks such as cleaning, washing, cooking, and refrigeration. The market is competitive, and features various prominent manufacturers including Whirlpool, Midea Group, Electrolux, and Haier Group, to name a few. Consumers electronics and appliances for professional usage are not included in this segment.

Structure: The market is divided into two major segments:

Major Appliances, which includes refrigerators, freezers, dishwashing machines, washing machines, cookers, ovens, and air conditioners.
Small Appliances, which includes vacuum cleaners, small kitchen appliances, hair clippers, irons, toasters, grills, roasters, coffee machines, and hair dryers.

Additional Information: The market comprises key performance indicators such as revenues, volume, price per unit, average revenue and volume per household, sales channels, and key players. In addition, a comparable estimates box is provided, which shows the forecasted development of the selected market from different sources.

Note that the volume sales only refer to B2C (business to consumer) sales, via both the offline and the online channel. The average revenue and volume per household are determined by dividing the revenues and volume by the number of households, where a household refers to a house and its occupants, regarded as a unit. Finally, price per unit refers to the cost of a single unit of the product.

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