Appliances Market Size To Reach $965.33 Billion By 2030

Appliances Market Growth & Trends

The global appliances market size is anticipated to reach USD 965.33 billion in 2030 and is expected to expand at a CAGR of 5.2% from 2025 to 2030. Mounting demand for modern and technically advanced appliances, owing to durability and comfort, is expected to augment the market growth over the forecast period. In addition, increased disposable income levels, improving standards of living, and rapid urbanization across the globe are expected to contribute to the market expansion. Manufacturers in the market have a global distribution network, which includes resellers, company-operated stores, e-commerce, dealers, and value-added resellers.

They expand their distribution network by offering brand equity, installed base, and product advancements. Sales engineers work closely with customers to design and develop application-specific products to match the particular requirements. Energy-efficiency is a crucial factor influencing the global market. Governments across the globe have enforced various stringent guidelines to ensure energy-efficiency for household appliances, thus propelling consumers to purchase only those goods fulfilling the minimum energy-efficiency regulations.

These guidelines are implemented at various stages, including manufacturing, sales and operation, as well as recycling, to help the companies in the market value chain. There are various barriers as well as benefits of the energy-efficiency programs developed by the policy-makers. Moreover, despite cost-effectiveness and several programs being run by the governments across the globe to spread awareness regarding energy-efficiency, the optimal outcome has not been achieved due to several barriers during the implementation stage of these programs.

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Appliances Market Report Highlights

• Major appliances dominated the market, with the largest revenue share of 89.5% in 2024.

• Conventional appliances dominated the market with the largest revenue share in 2024.

• Smart appliances are expected to grow at the fastest CAGR over the forecast period. Technological advancements in smart appliances, including the integration of artificial intelligence (AI) and the Internet of Things (IoT), are significantly enhancing the functionality and convenience of these products.

• Residential dominated the market with the largest revenue share in 2024.

• The commercial segment is expected to grow at the fastest CAGR of 5.8% over the forecast period.

Appliances Market Segmentation

Grand View Research has segmented the global appliances market report based on product, type, end use, distribution channel, and region:

Appliances Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Major Appliances

• Small Appliances

Appliances Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Conventional Appliances

• Smart Appliances

Appliances End Use Outlook (Revenue, USD Billion, 2018 - 2030)

• Residential

• Commercial

Appliances Distribution Channel Outlook (Revenue, USD Billion, 2018 - 2030)

• Hypermarkets & Supermarkets

• Electronic Stores

• Exclusive Brand Outlets

• Online

• Others

Appliances Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • South Africa

List of Key Players in Appliances Market

• Whirlpool Corporation

• AB Electrolux

• Haier Group 

• BSH Hausgeräte GmbH

• Midea Group

• SAMSUNG 

• LG Communication Center

• General Electric Company

• Panasonic Corporation