Global Household Appliances Market Size, Trends and Growth Opportunity, By Product Type(Refrigerator, Air Conditioner & Heater, Washing Machine, Cooking Appliances and Others), ByDistribution Channel (Supermarket/Hypermarket, Specialty Stores and Ecommerc

Global Household Appliances Market Size, Trends and Growth Opportunity, By Product Type

(Refrigerator, Air Conditioner & Heater, Washing Machine, Cooking Appliances and Others), By

Distribution Channel (Supermarket/Hypermarket, Specialty Stores and Ecommerce) By Region And

Forecast Till 2027

Global Household Appliances Market

The global household appliances market was valued at US$ 180.42billion in 2021 and it is expected

to reach at US$ 218 billion in 2027 at a CAGR of 3% during forecast period 2022-2027.

Household appliances refer to the machine or devices basically electrical that are used in your home

and which you use to do jobs such as cleaning or cooking. Increasing disposable income, high living

of standard and the need for comfort influence consumers to upgrade their existing appliances to

smarter versions, which is boosting the demand for this segment. They majorly involve white goods

such as refrigerators, air conditioners, dishwashers, washing machines and others.

Market Drivers

Household appliances market offers various growth opportunities because they are easier to use,

and help improve standard of living. Advancement in technology led to development of smart

appliances and is expected to drive market growth over the market. Moreover rising population and

strong economic development are expected to boost the market growth.

Market Restraint

The cost associated with repair and maintenance of these household appliances is acting as a

restraining factor.

COVID-19 Impact on Household Appliances Market

With the outbreak of covid-19 several industries has adversely affected the global supply chain of

consumer electronics brands. China is one of the largest consumers and producer of various home

appliances and consumer electronic goods but it also export to several countries, due to shutdown

of production in China led to increase in supply and demand gap.

Market Segmentation

The global household appliances market segmented on the basis of product and distribution

channel. On the basis of product it segmented into refrigerator, air conditioner & heater, washing

machine, cooking appliances and others. On the basis of distribution channel it segmented into supermarket/hypermarket, specialty stores and ecommerce.

Regional Analysis

The global household appliances market segmented into five regions North America, Europe, Latin

America, Asia Pacific, Middle East and Africa. North America has dominated the market along with

Asia Pacific due to increase in household income, rapid urbanization and change in lifestyle of the

population.

Key Players

Various key players are listed in this report such as AB Electrolux, Qingdao Haier Co., Ltd. (Haier),

Hitachi, Ltd., LG Electronics Inc. (LG), Midea Group Co., Ltd. (Midea), Panasonic Corporation

(Panasonic), Robert Bosch GmbH, Samsung Electronics Co., Ltd., Sharp Corporation (Sharp), and

Whirlpool Corporation.

Market Taxonomy

By Product Type

• Refrigerator
• Air Conditioner & Heater
• Washing Machine
• Cooking appliances
• Others

• Supermarket/Hypermarket
• Specialty Stores
• Ecommerce

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa