Global Electric Household Appliances Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Refrigerators & Freezers, Washers & Dryers, Dishwashers, Room Air-Conditioners, and Cooking Appliances.

By Distribution Channel;

Supermarket & Hypermarket, Specialty Store, and E-Commerce.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn114518780 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Electric Household Appliances Market (USD Million), 2021 - 2031

In the year 2024, the Global Electric Household Appliances Market was valued at USD 620,851.52 million. The size of this market is expected to increase to USD 1,077,900.26 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.2%.

The Global Electric Household Appliances Market has seen significant growth driven by technological advancements, increased urbanization, and a growing demand for convenience in everyday life. Electric household appliances such as refrigerators, washing machines, dishwashers, air conditioners, and vacuum cleaners have become essential components in modern homes. These appliances offer time-saving solutions, energy efficiency, and enhanced functionality, making them highly sought after by consumers worldwide. As disposable income rises, particularly in emerging economies, more consumers are investing in these appliances to improve their quality of life and to streamline household chores.

Technological innovation is a key factor fueling the expansion of the electric household appliances market. Smart appliances, which can be controlled remotely via smartphones or integrated with home automation systems, are increasingly popular. Consumers are increasingly looking for features like energy efficiency, sustainability, and connectivity in their appliances. Energy-efficient products not only help reduce electricity consumption but are also aligned with growing environmental concerns, contributing to the market's shift towards eco-friendly options. Additionally, appliances with smart features like voice assistants, automatic sensors, and advanced algorithms are enhancing convenience and offering a higher level of customization to meet the diverse needs of consumers.

Geographically, North America and Europe have been the largest markets for electric household appliances due to high household penetration and advanced infrastructure. However, the Asia-Pacific region, particularly China and India, is witnessing rapid growth due to increased urbanization, rising incomes, and changing consumer lifestyles. These markets are expected to continue expanding, driven by a growing middle class, evolving consumer preferences, and the increasing availability of a wide range of products at various price points. The overall global market for electric household appliances is expected to continue its upward trajectory as technological advancements and changing consumer behaviors shape the future of home living.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Distribution Channel
    3. Market Snapshot, By Region
  4. Global Electric Household Appliances Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements in Energy Efficiency
        2. Rising Consumer Awareness of Environmental Impact
        3. Urbanization and Housing Developments
        4. Demand for Smart Home Integration
      2. Restraints
        1. Economic Uncertainty and Consumer Spending Patterns
        2. Regulatory Compliance and Energy Efficiency Standards
        3. Limited Replacement Cycle for Appliances
        4. Environmental Impact of Manufacturing Processes
      3. Opportunities
        1. Growth in Emerging Markets
        2. Innovation in Internet of Things (IoT) Applications
        3. Development of Energy-efficient Technologies
        4. Consumer Shift Towards Sustainable Products
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Electric Household Appliances Market, By Product, 2021 - 2031 (USD Million)
      1. Refrigerators & Freezers
      2. Washers & Dryers
      3. Dishwashers
      4. Room Air-Conditioners
      5. Cooking Appliances
    2. Global Electric Household Appliances Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Supermarket & Hypermarket
      2. Specialty Store
      3. E-Commerce
    3. Global Electric Household Appliances Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Panasonic Corporation
      2. Robert Bosch GmbH
      3. Samsung Electronics
      4. Sharp Corporation
      5. Siemens AG
      6. Tiger Corporation
      7. Toshiba Corporation
      8. V-Guard
      9. Walton Group
  7. Analyst Views
  8. Future Outlook of the Market