Research Expert: Sarah Overall
  • Published: Mar 2025
  • Pages: 150
  • SKU: IRTNTR44899

  • Household Appliance Market to grow by USD 124.1 Billion from 2024-2029, driven by portfolio extension and product premiumization, Report on AI-powered market evolution - Technavio

    The Household Appliances market is set to grow by USD 124.1 billion from 2024 to 2029, per a new Technavio report. With a compound annual growth rate (CAGR) of 5%, this Appliance Market Size increase is driven by Home Appliance Trends favoring Smart Appliances and Energy-Efficient Appliances. Leading Appliance Brands like Haier Smart Home Co. Ltd., LG Electronics Inc., and Samsung Electronics Co. Ltd. lead the Appliance Industry Growth, offering innovative Kitchen Appliances and Major Appliances to meet rising demand.

    Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

    Global Household Appliance Market 2025-2029

    Key Companies Shaping the Market

    Technavio highlights top Appliance Brands driving the Household Appliances market:

    • Haier Smart Home Co. Ltd.: Offers Smart Appliances in the Refrigerator Market and Washing Machine Market, emphasizing energy efficiency.
    • LG Electronics Inc.: Known for Premium Appliances like AI-driven Kitchen Appliances, appealing globally per Appliance Reviews.
    • Samsung Electronics Co. Ltd.: Excels in Smart Home Integration with innovative Major Appliances for sustainability.
    • Whirlpool Corp.: Leads in Energy-Efficient Appliances, delivering durable Washing Machine Market and Kitchen Appliances.

    Other players include AB Electrolux, Midea Group Co. Ltd., Panasonic Holdings Corp., Miele and Cie. KG. These firms enhance Appliance Sales through R&D and tailored Premium Appliances.

    Market Overview and Growth Drivers

    The Household Appliances market includes Refrigerator Market staples, Washing Machine Market products, Air Conditioner Market units, and Small Appliances like blenders. Technavio identifies demand for Best Appliances 2025 as a key driver, with the Appliance Market Size projected to hit USD 124.1 billion due to lifestyle shifts and tech advancements. Appliance Sales reflect consumer focus on convenience and sustainability.

    Eco-Friendly Appliances gain traction amid environmental awareness and Appliance Regulations. Appliance Brands like Whirlpool Corp. and Robert Bosch GmbH innovate with Smart Home Integration, boosting Kitchen Appliances and Major Appliances like refrigerators. This aligns with the Appliance Industry Growth at a 5% CAGR through 2028, per Appliance Reviews.

    Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

    Challenges Facing the Industry

    The Household Appliances market faces raw material price swings, impacting Appliance Prices for Robert Bosch GmbH and AB Electrolux. Competition from local players in emerging markets challenges Appliance Brands like Panasonic Holdings Corp., though Premium Appliances maintain an edge, per Appliance Reviews.

    Emerging Trends: Smart Technology and Sustainability

    Home Appliance Trends show Smart Appliances transforming the market. LG Electronics Inc. and Samsung Electronics Co. Ltd. embed IoT into Major Appliances, offering remote control for Air Conditioner Market units, driving the USD 124.1 billion growth. Smart Home Integration boosts Appliance Prices but enhances user experience, per Appliance Industry Growth.

    Sustainability is key, with Haier Smart Home Co. Ltd. and Whirlpool Corp. leading in Eco-Friendly Appliances. Refrigerator Market and Washing Machine Market innovations like low-energy designs support the 5% CAGR, catering to eco-conscious buyers in APAC and beyond.

    Market Segmentation and Regional Insights

    Technavio segments the Household Appliances market by:

    • Product: Major Appliances (refrigerators, washing machines) lead, while Small Appliances grow steadily.
    • Distribution: Offline dominates, online rises with Appliance Sales via e-commerce.
    • Geography: APAC drives Appliance Industry Growth with urbanization; North America and Europe follow.

    Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

    Customer Landscape and Competitive Analysis

    The report details urban families and tech-savvy users seeking Smart Appliances. Appliance Brands like Fisher and Paykel Appliances Ltd. focus on Refrigerator Market premiums, while Irobot Corp. advances Small Appliances. Whirlpool Corp.’s launches reinforce the 5% CAGR, per competitive analysis.

    Report Insights and Availability

    Technavio’s analysis delivers insights into Home Appliance Trends, challenges, and opportunities. With forecasts and profiles, it’s key for navigating the Household Appliances market. Request a sample for regional and competitive insights through 2028.

    About Technavio

    Technavio, a top research firm, provides insights across 800 technologies and 50 countries. With 500+ analysts and 17,000+ reports, it serves over 100 Fortune 500 firms, empowering Appliance Industry Growth.

    Read News Read Less
    Interested in this report?
    Get your sample now!

Safe and Secure SSL Encrypted

Technavio

  • 2500 USD

[5 reports/month/user]

  • 5000 USD

close
  • Basic Plan [5000 USD/Year]:

    Single User
    Download 5 Reports/Month
    View 100 Reports/Month
    Add upto 3 Users at 625 USD/user

  • Teams Plan [7500 USD/Year]:

    5 User
    Download 5 Reports/Month/User
    View 100 Reports/Month/User
    Add upto 30 Users at 500 USD/user

*You can upgrade to Teams plan at Subscription page

close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization).
    Complimentary Customization Included

*For Enterprise license, go to checkout page

Technavio Get the report (PDF) sent to your email within minutes.

Document