Global Home Appliances Market Growth 2025-2031

Global Home Appliances Market Growth 2025-2031

The global Home Appliances market size is predicted to grow from US$ 218980 million in 2025 to US$ 278470 million in 2031; it is expected to grow at a CAGR of 4.1% 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.

Major global manufacturers of home appliances include Haier, Midea and Gree, accounting for approximately 26% of the global home appliance market share. Asia-Pacific is the world's largest market, accounting for approximately 54% of the market, followed by Europe and North America, accounting for 18% and 28% respectively.

In terms of product types, air conditioners and refrigerators occupy a dominant position, accounting for more than 46% of the total. At the same time, in terms of sales channels, offline sales are the largest sales channel, accounting for 79%.

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

This Insight Report provides a comprehensive analysis of the global Home Appliances 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 Appliances portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Home Appliances market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Home Appliances and breaks down the forecast by Type, by Sales Channel, 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 Appliances.

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

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

Segmentation by Sales Channel:
Online
Offline

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
Panasonic
LG
Bosch
Hisense
TCL
Arcelik
Meling
Skyworth

Key Questions Addressed in this Report

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

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

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

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

How does Home Appliances break out by Type, by Sales Channel?

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