Global Major Home Appliances Market 2024-2028

Global Major Home Appliances Market 2024-2028

The major home appliances market is forecasted to grow by USD 85.39 bn during 2023-2028, accelerating at a CAGR of 4.2% during the forecast period. The report on the major home appliances market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by innovation and product launches, growing adoption of smart home appliances, and rise in discretionary income of consumers.

Technavio's major home appliances market is segmented as below:

By Distribution Channel

• Offline
• Online

By Product

• Refrigerators and freezers
• Washing and drying appliances
• Heating and cooling appliances
• Cooking appliances

By Geographical Landscape

• APAC
• Europe
• North America
• South America
• Middle East and Africa

This study identifies the smart and connected appliances gaining traction as one of the prime reasons driving the major home appliances market growth during the next few years. Also, growing smartphone penetration and increasing internet speed and increased adoption of integrated smart home technology will lead to sizable demand in the market.

The report on the major home appliances market covers the following areas:

• Major home appliances market sizing
• Major home appliances market forecast
• Major home appliances market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading major home appliances market vendors that include Electrolux AB, FRIGIDAIRE, Fujitsu Ltd., Glen Dimplex Europe Holdings Ltd., Godrej and Boyce Manufacturing Co. Ltd., Haier Smart Home Co. Ltd., Hisense International Co. Ltd., Koc Holding AS, Koninklijke Philips N.V., LG Electronics Inc., MIDEA Group Co. Ltd., Miele and Cie. KG, MIRC Electronics Ltd., Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sharp Corp., Toshiba Corp., Transform SR Holding Management LLC, and Whirlpool Corp.. Also, the major home appliances market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.