Home & household appliances - statistics & facts

Since the first caveman lit a fire and cooked is first meal humans have been advancing their domestic equipment. The home appliance industry, which includes electrical or mechanical devices used in a household, is a billion-dollar industry with global retail sales of major and small appliances amounting to more than 680 billion U.S. dollars in 2022. The overall appliances market is forecast to grow further over the next few years to more than 900 billion U.S. dollars in value by 2028. The leading companies in the industry include the Chinese Haier Electronics Group, the U.S.-based Whirlpool, the German BSH Home Appliances Group, the Swedish company Electrolux, and the South Korean multinational giant LG Electronics.

Household appliances market segments

The home appliance industry is divided into two main sectors: major domestic appliances and small domestic appliances. The first category includes large machines used at home, such as refrigerators, freezers, stoves, dryers, and washing machines. Sales of major appliances make up most of the overall home appliances market, with revenue of more than 440 billion U.S. dollars in 2022 and close to 900 million units shipped annually. The second category, small domestic appliances, includes products such as food processors, toasters, and coffee makers, to name a few. The global market revenue of small kitchen appliances is projected to exceed the 250-billion-dollar mark consistently over the next few years.

Growth outlook - Smart kitchen & vacuum robots

The global smart home penetration rate is forecast to grow from around 14 percent in 2022 to about 29 percent in 2027. Most of the additional smart home devices are projected to come from home entertainment, smart speakers, and the home security and lighting segment. But the smart appliances sub-market within the home appliance industry holds some promise as well for the future. Washing machines, refrigerators, and room air-conditioners are projected to become the primary appliance categories within the smart appliances market. Vacuum consumer robots are another product category in the broader household appliances market expected to show strong growth in the future.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Published by Statista Research Department, Aug 31, 2023

Key insights

Household appliance market revenue
680bn U.S. dollars
Household appliances retail volume
4.6bn units
Small household appliance retail volume
3.74bn units
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Editor’s Picks Current statistics on this topic

Household appliances retail sales value worldwide from 2015 to 2024 (in billion U.S. dollars), by category

Major Appliances

Global household appliances retail sales value 2015-2024, by category

Selected leading home appliances manufacturers worldwide ranked by revenue in 2022 (in billion U.S. dollars)

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Major home & household appliances manufacturers worldwide ranked by revenue 2022

Household ownership rate of major appliances in selected countries worldwide in 2023

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Ownership rate of major household appliances in selected countries 2023

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Home appliances in the U.S.
Home appliances in the U.S.
Cooking appliances and equipment
Cooking appliances and equipment
Household appliances in Europe
Household appliances in Europe
Smart appliances
Smart appliances
Major home appliances
Major home appliances

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