Household Appliance is electrical/mechanical machine which accomplish some household functions, such as cooking or cleaning. Household Appliances can be classified into: major appliances, small appliances.
Market Analysis and Insights: Global Household Appliances Market
Due to the COVID-19 pandemic, the global Household Appliances market size is estimated to be worth US$ 442380 million in 2022 and is forecast to a readjusted size of US$ 570160 million by 2028 with a CAGR of 4.3% during the review period. Fully considering the economic change by this health crisis, Cooking Appliances accounting for % of the Household Appliances global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Online Retail segment is altered to an % CAGR throughout this forecast period.
The growing popularity of induction cooking technology in the wake of rising fuel prices and the changing lifestyle of consumers with increasing number of nuclear families has increased the dependence of users on the household devices and hence is expected to significantly drive the home appliances market. The major driver of this industry is the rise in per capita income in developing countries, which has led to consumer spending. Housing activities have always been there, and appliances like these are making life easier hence increasing the demand for these products. Increasing urbanization, rising working class population and new product development are also one of the factors for the growth in this market.
Global Household Appliances Scope and Segment
Household Appliances market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Household Appliances market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Cooking Appliances
Refrigeration
Laundry
Home Comfort
Others
Segment by Application
Online Retail
Offline Retail
By Company
Whirlpool
Haier
Midea
Electrolux
Panasonic
BSH
LG
Samsung
Philips
Hisence
Toshiba
Arcelik
Smeg SpA
Ariston Thermo
Fuji Industrial
SONY
Sharp
Hitachi
Gree
TCL
Changhong
SKYWORTH
Meling
Vatti
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E