Global Major Appliances Market Size Study, By Product (Refrigerators, Washing Machines, Air Conditioners, Cooking Ranges, Microwaves & Ovens), By Type (Conventional, Smart), By Distribution Channel, and Regional Forecasts 2022-2032

Description

The Global Major Appliances Market was valued at USD 378.08 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 4.5% over the forecast period 2024-2032. The rapid evolution of consumer lifestyles, coupled with advancements in technology, has positioned major appliances as essential components of modern households. The adoption of energy-efficient appliances and the integration of smart features are significantly reshaping the market landscape, providing consumers with a seamless blend of functionality and sustainability. Innovations like IoT connectivity and modular designs enable enhanced user experiences while contributing to environmental sustainability.

The market's robust growth is further driven by increasing urbanization and rising disposable incomes in emerging economies. Urban expansion, particularly in regions like Asia Pacific, has resulted in higher demand for household appliances that cater to modern living standards. Additionally, stringent energy regulations and consumer preferences for environmentally friendly appliances have fueled the development and adoption of energy-efficient models. The continuous innovations in major appliances, including enhanced energy efficiency and smart capabilities, are creating new avenues for market growth.

Despite its promising trajectory, the market faces challenges such as fluctuating raw material prices and supply chain disruptions. However, major players are leveraging advancements in technology and strategic partnerships to overcome these barriers. Notably, the market is witnessing significant investments in renewable energy for manufacturing processes, enhancing sustainability efforts and reducing the carbon footprint.

Regional dynamics further highlight the market's diverse growth patterns. The Asia Pacific region dominates the market due to its rapid urbanization and the adoption of smart appliances. In contrast, North America and Europe focus heavily on energy efficiency and sustainability initiatives, influencing consumer purchasing decisions. Emerging economies in Latin America and the Middle East & Africa are also experiencing notable growth, driven by improved economic conditions and infrastructure development.

Major market player included in this report are:

1. Whirlpool Corporation
2. Samsung Electronics Co., Ltd.
3. LG Electronics Inc.
4. Electrolux AB
5. Haier Smart Home Co., Ltd.
6. Bosch (BSH Hausgerate GmbH)
7. Panasonic Corporation
8. Sharp Corporation
9. Daikin Industries Ltd.
10. Miele & Cie. KG
11. Midea Group
12. Gree Electric Appliances Inc.
13. iRobot Corporation
14. Hitachi Ltd.
15. Arcelik A.S

The detailed segments and sub-segment of the market are explained below:

By Product

Washing Machines
Cooktops
Cooking Ranges
Dishwashers
Refrigerators
Air Conditioners
Microwaves & Ovens
Vacuum Cleaners

By Type

Conventional Appliances
Smart Appliances

By Distribution Channel

Hypermarkets & Supermarkets
Electronic Stores
Exclusive Brand Outlets
Online
Others

By Region:

North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Asia Pacific
China
Japan
India
Australia & New Zealand
South Korea
Latin America
Brazil
Middle East & Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approaches.
Analysis of the competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Major Appliances Market Executive Summary

1.1. Global Major Appliances Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product
- 1.3.2. By Type
- 1.3.3. By Distribution Channel
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendations & Conclusion

Chapter 2. Global Major Appliances Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply-Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand-Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Major Appliances Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Urbanization and Smart Home Adoption
- 3.1.2. Rising Demand for Energy-Efficient Appliances
- 3.1.3. Innovations in IoT-Enabled Smart Appliances
3.2. Market Challenges
- 3.2.1. Fluctuating Raw Material Prices
- 3.2.2. Supply Chain Disruptions
3.3. Market Opportunities
- 3.3.1. Expansion in Emerging Markets
- 3.3.2. Growth in Online Sales Channels
- 3.3.3. Demand for Modular and Sustainable Appliances

Chapter 4. Global Major Appliances Market Industry Analysis

4.1. Porter's Five Forces Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Porter's 5 Forces Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economic
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Industry Expert Perspectives
4.6. Analyst Recommendations & Conclusion

Chapter 5. Global Major Appliances Market Size & Forecasts by Product (2022-2032)

5.1. Segment Dashboard
5.2. Global Major Appliances Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 5.2.1. Washing Machines
- 5.2.2. Cooktops
- 5.2.3. Cooking Ranges
- 5.2.4. Dishwashers
- 5.2.5. Refrigerators
- 5.2.6. Air Conditioners
- 5.2.7. Microwaves & Ovens
- 5.2.8. Vacuum Cleaners

Chapter 6. Global Major Appliances Market Size & Forecasts by Type (2022-2032)

6.1. Segment Dashboard
6.2. Global Major Appliances Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 6.2.1. Conventional Appliances
- 6.2.2. Smart Appliances

Chapter 7. Global Major Appliances Market Size & Forecasts by Distribution Channel (2022-2032)

7.1. Segment Dashboard
7.2. Global Major Appliances Market: Distribution Channel Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 7.2.1. Hypermarkets & Supermarkets
- 7.2.2. Electronic Stores
- 7.2.3. Exclusive Brand Outlets
- 7.2.4. Online
- 7.2.5. Others

Chapter 8. Global Major Appliances Market Size & Forecasts by Region (2022-2032)

8.1. North America Major Appliances Market
- 8.1.1. U.S. Major Appliances Market
- 8.1.2. Canada Major Appliances Market
- 8.1.3. Mexico Major Appliances Market
8.2. Europe Major Appliances Market
- 8.2.1. Germany Major Appliances Market
- 8.2.2. UK Major Appliances Market
- 8.2.3. France Major Appliances Market
- 8.2.4. Italy Major Appliances Market
- 8.2.5. Spain Major Appliances Market
8.3. Asia Pacific Major Appliances Market
- 8.3.1. China Major Appliances Market
- 8.3.2. Japan Major Appliances Market
- 8.3.3. India Major Appliances Market
- 8.3.4. Australia & New Zealand Major Appliances Market
- 8.3.5. South Korea Major Appliances Market
8.4. Central & South America Major Appliances Market
- 8.4.1. Brazil Major Appliances Market
8.5. Middle East & Africa Major Appliances Market
- 8.5.1. South Africa Major Appliances Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Whirlpool Corporation
- 9.1.2. Samsung Electronics Co., Ltd.
- 9.1.3. LG Electronics Inc.
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Whirlpool Corporation
- 9.3.2. Samsung Electronics Co., Ltd.
- 9.3.3. LG Electronics Inc.
- 9.3.4. Haier Smart Home Co., Ltd.
- 9.3.5. Electrolux AB
- 9.3.6. Bosch (BSH Hausgerate GmbH)
- 9.3.7. Panasonic Corporation
- 9.3.8. Sharp Corporation
- 9.3.9. Miele & Cie. KG
- 9.3.10. Midea Group

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes