Domestic Appliances Market, Global Outlook and Forecast 2024-2030
The global Domestic Appliances market size was valued at US$ 501.23 billion in 2024 and is projected to reach US$ 678.45 billion by 2030, at a CAGR of 5.2% during the forecast period 2024-2030.
The United States Domestic Appliances market size was valued at US$ 98.45 billion in 2024 and is projected to reach US$ 128.67 billion by 2030, at a CAGR of 4.6% during the forecast period 2024-2030.
Domestic Appliances encompass a wide range of household devices used for cooking, cleaning, food preservation, and other home activities.
The global market is growing steadily, driven by urbanization and rising living standards. In 2023, unit sales reached 850 million globally, with large appliances accounting for 55% of revenue. The market saw a 35% increase in energy-efficient appliance adoption in 2023. Refrigerators and washing machines dominate with a 45% market share, while smart appliances are growing at 15% annually. Asia Pacific leads with a 40% market share and is the fastest-growing region at 6.5% CAGR. The industry is focusing on developing IoT integration, with a 40% growth in R&D investments for connected features.
Report Overview
A domestic appliance is a machine which assists in household functions such as cooking, cleaning and food preservation.
This report provides a deep insight into the global Domestic Appliances market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Domestic Appliances Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Domestic Appliances market in any manner.
Global Domestic Appliances Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Philips
LG
Samsung
BSH
GE
Whirlpool
Electrolux
Panasonic
Miele & Cie
IRobot
Ecovacs
Neato
Haier
Midea
Hisense
Market Segmentation (by Type)
Fridge
Cooker
Dishwasher
Air-con and Heater
Washing and Drying
Market Segmentation (by Application)
Food Storage
Cooking
Cleaning
Others
Geographic Segmentation
