Global Home Appliance Market Growth 2025-2031

The global Home Appliance market size is predicted to grow from US$ 197430 million in 2025 to US$ 243510 million in 2031; it is expected to grow at a CAGR of 3.6% from 2025 to 2031.

Home appliance is electrical/mechanical machine which accomplish some household functions, such as cooking or cleaning. Home appliances can be classified into: major appliances, small appliances, and consumer electronics. Major home appliances spans a variety of devices comprising refrigeration appliances, home laundry appliances, dishwashing appliances, air-conditioning appliances, large and small cooking appliances.

Global key players of home appliance include Haier, Gree, Midea, Whirlpool, Electrolux, etc. The top five players hold a share about 39%. China is the largest producer, has a share about 43%, followed by Southeast Asia and India, both have a share about 15 percent. The largest market is North America, with a share about 27%, followed by Europe and China, with share 26% and 21%, separately.

LP Information, Inc. (LPI) ' newest research report, the “Home Appliance Industry Forecast” looks at past sales and reviews total world Home Appliance sales in 2024, providing a comprehensive analysis by region and market sector of projected Home Appliance sales for 2025 through 2031. With Home Appliance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Home Appliance industry.

This Insight Report provides a comprehensive analysis of the global Home Appliance landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Home Appliance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Home Appliance market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Home Appliance and breaks down the forecast by Type, by Sales Channels, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Home Appliance.

This report presents a comprehensive overview, market shares, and growth opportunities of Home Appliance market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Refrigerators
Washing Machines
Air Conditioner
Kitchen Appliances
Others

Segmentation by Sales Channels:
Offline Sales
Online Sales

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Haier
Gree
Midea
Whirlpool
Electrolux
Samsung
Matsushita
LG Electronics
Bosch
Hisense
TCL
Arcelik
Meiling
Skyworth

Key Questions Addressed in this Report

What is the 10-year outlook for the global Home Appliance market?

What factors are driving Home Appliance market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Home Appliance market opportunities vary by end market size?

How does Home Appliance break out by Type, by Sales Channels?

Please note: The report will take approximately 2 business days to prepare and deliver.