Global Major Home Appliances Market 2024-2028

The major home appliances market is forecasted to grow by USD 85.39 bn during 2023-2028, accelerating at a CAGR of 4.2% during the forecast period. The report on the major home appliances market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by innovation and product launches, growing adoption of smart home appliances, and rise in discretionary income of consumers.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	3.5%
CAGR	4.2%
Incremental Value	$85.39bn

Technavio's major home appliances market is segmented as below:

By Distribution Channel

Offline
Online

By Product

Refrigerators and freezers
Washing and drying appliances
Heating and cooling appliances
Cooking appliances

By Geographical Landscape

APAC
Europe
North America
South America
Middle East and Africa

This study identifies the smart and connected appliances gaining traction as one of the prime reasons driving the major home appliances market growth during the next few years. Also, growing smartphone penetration and increasing internet speed and increased adoption of integrated smart home technology will lead to sizable demand in the market.

The report on the major home appliances market covers the following areas:

Major home appliances market sizing
Major home appliances market forecast
Major home appliances market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading major home appliances market vendors that include Electrolux AB, FRIGIDAIRE, Fujitsu Ltd., Glen Dimplex Europe Holdings Ltd., Godrej and Boyce Manufacturing Co. Ltd., Haier Smart Home Co. Ltd., Hisense International Co. Ltd., Koc Holding AS, Koninklijke Philips N.V., LG Electronics Inc., MIDEA Group Co. Ltd., Miele and Cie. KG, MIRC Electronics Ltd., Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sharp Corp., Toshiba Corp., Transform SR Holding Management LLC, and Whirlpool Corp.. Also, the major home appliances market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR74800

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibit 06: Executive Summary - Chart on Market Segmentation by Product
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global major home appliances market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global major home appliances market 2018 - 2022 ($ billion)
4.2 Distribution Channel Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ billion)
4.3 Product Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Product Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Distribution Channel

6.1 Market segments
Exhibit 30: Chart on Distribution Channel - Market share 2023-2028 (%)
Exhibit 31: Data Table on Distribution Channel - Market share 2023-2028 (%)
6.2 Comparison by Distribution Channel
Exhibit 32: Chart on Comparison by Distribution Channel
Exhibit 33: Data Table on Comparison by Distribution Channel
6.3 Offline - Market size and forecast 2023-2028
Exhibit 34: Chart on Offline - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Offline - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Offline - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Offline - Year-over-year growth 2023-2028 (%)
6.4 Online - Market size and forecast 2023-2028
Exhibit 38: Chart on Online - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Online - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Online - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Online - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Distribution Channel
Exhibit 42: Market opportunity by Distribution Channel ($ billion)
Exhibit 43: Data Table on Market opportunity by Distribution Channel ($ billion)

7 Market Segmentation by Product

7.1 Market segments
Exhibit 44: Chart on Product - Market share 2023-2028 (%)
Exhibit 45: Data Table on Product - Market share 2023-2028 (%)
7.2 Comparison by Product
Exhibit 46: Chart on Comparison by Product
Exhibit 47: Data Table on Comparison by Product
7.3 Refrigerators and freezers - Market size and forecast 2023-2028
Exhibit 48: Chart on Refrigerators and freezers - Market size and forecast 2023-2028 ($ billion)
Exhibit 49: Data Table on Refrigerators and freezers - Market size and forecast 2023-2028 ($ billion)
Exhibit 50: Chart on Refrigerators and freezers - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Refrigerators and freezers - Year-over-year growth 2023-2028 (%)
7.4 Washing and drying appliances - Market size and forecast 2023-2028
Exhibit 52: Chart on Washing and drying appliances - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Data Table on Washing and drying appliances - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Chart on Washing and drying appliances - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Washing and drying appliances - Year-over-year growth 2023-2028 (%)
7.5 Heating and cooling appliances - Market size and forecast 2023-2028
Exhibit 56: Chart on Heating and cooling appliances - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on Heating and cooling appliances - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on Heating and cooling appliances - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Heating and cooling appliances - Year-over-year growth 2023-2028 (%)
7.6 Cooking appliances - Market size and forecast 2023-2028
Exhibit 60: Chart on Cooking appliances - Market size and forecast 2023-2028 ($ billion)
Exhibit 61: Data Table on Cooking appliances - Market size and forecast 2023-2028 ($ billion)
Exhibit 62: Chart on Cooking appliances - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Cooking appliances - Year-over-year growth 2023-2028 (%)
7.7 Market opportunity by Product
Exhibit 64: Market opportunity by Product ($ billion)
Exhibit 65: Data Table on Market opportunity by Product ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 67: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 68: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 69: Chart on Geographic comparison
Exhibit 70: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 US - Market size and forecast 2023-2028
Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
9.10 Germany - Market size and forecast 2023-2028
Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.11 India - Market size and forecast 2023-2028
Exhibit 103: Chart on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on India - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on India - Year-over-year growth 2023-2028 (%)
9.12 Japan - Market size and forecast 2023-2028
Exhibit 107: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 108: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 109: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 111: Market opportunity By Geographical Landscape ($ billion)
Exhibit 112: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 113: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 115: Overview on factors of disruption
11.4 Industry risks
Exhibit 116: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 117: Vendors covered
12.2 Market positioning of vendors
Exhibit 118: Matrix on vendor position and classification
12.3 Electrolux AB
Exhibit 119: Electrolux AB - Overview
Exhibit 120: Electrolux AB - Business segments
Exhibit 121: Electrolux AB - Key news
Exhibit 122: Electrolux AB - Key offerings
Exhibit 123: Electrolux AB - Segment focus
12.4 FRIGIDAIRE
Exhibit 124: FRIGIDAIRE - Overview
Exhibit 125: FRIGIDAIRE - Product / Service
Exhibit 126: FRIGIDAIRE - Key offerings
12.5 Glen Dimplex Europe Holdings Ltd.
Exhibit 127: Glen Dimplex Europe Holdings Ltd. - Overview
Exhibit 128: Glen Dimplex Europe Holdings Ltd. - Product / Service
Exhibit 129: Glen Dimplex Europe Holdings Ltd. - Key offerings
12.6 Haier Smart Home Co. Ltd.
Exhibit 130: Haier Smart Home Co. Ltd. - Overview
Exhibit 131: Haier Smart Home Co. Ltd. - Business segments
Exhibit 132: Haier Smart Home Co. Ltd. - Key offerings
Exhibit 133: Haier Smart Home Co. Ltd. - Segment focus
12.7 Hisense International Co. Ltd.
Exhibit 134: Hisense International Co. Ltd. - Overview
Exhibit 135: Hisense International Co. Ltd. - Product / Service
Exhibit 136: Hisense International Co. Ltd. - Key offerings
12.8 LG Electronics Inc.
Exhibit 137: LG Electronics Inc. - Overview
Exhibit 138: LG Electronics Inc. - Product / Service
Exhibit 139: LG Electronics Inc. - Key offerings
12.9 MIDEA Group Co. Ltd.
Exhibit 140: MIDEA Group Co. Ltd. - Overview
Exhibit 141: MIDEA Group Co. Ltd. - Product / Service
Exhibit 142: MIDEA Group Co. Ltd. - Key offerings
12.10 Miele and Cie. KG
Exhibit 143: Miele and Cie. KG - Overview
Exhibit 144: Miele and Cie. KG - Product / Service
Exhibit 145: Miele and Cie. KG - Key offerings
12.11 MIRC Electronics Ltd.
Exhibit 146: MIRC Electronics Ltd. - Overview
Exhibit 147: MIRC Electronics Ltd. - Product / Service
Exhibit 148: MIRC Electronics Ltd. - Key offerings
12.12 Panasonic Holdings Corp.
Exhibit 149: Panasonic Holdings Corp. - Overview
Exhibit 150: Panasonic Holdings Corp. - Business segments
Exhibit 151: Panasonic Holdings Corp. - Key news
Exhibit 152: Panasonic Holdings Corp. - Key offerings
Exhibit 153: Panasonic Holdings Corp. - Segment focus
12.13 Robert Bosch GmbH
Exhibit 154: Robert Bosch GmbH - Overview
Exhibit 155: Robert Bosch GmbH - Business segments
Exhibit 156: Robert Bosch GmbH - Key news
Exhibit 157: Robert Bosch GmbH - Key offerings
Exhibit 158: Robert Bosch GmbH - Segment focus
12.14 Samsung Electronics Co. Ltd.
Exhibit 159: Samsung Electronics Co. Ltd. - Overview
Exhibit 160: Samsung Electronics Co. Ltd. - Business segments
Exhibit 161: Samsung Electronics Co. Ltd. - Key news
Exhibit 162: Samsung Electronics Co. Ltd. - Key offerings
Exhibit 163: Samsung Electronics Co. Ltd. - Segment focus
12.15 Sharp Corp.
Exhibit 164: Sharp Corp. - Overview
Exhibit 165: Sharp Corp. - Business segments
Exhibit 166: Sharp Corp. - Key news
Exhibit 167: Sharp Corp. - Key offerings
Exhibit 168: Sharp Corp. - Segment focus
12.16 Transform SR Holding Management LLC
Exhibit 169: Transform SR Holding Management LLC - Overview
Exhibit 170: Transform SR Holding Management LLC - Product / Service
Exhibit 171: Transform SR Holding Management LLC - Key offerings
12.17 Whirlpool Corp.
Exhibit 172: Whirlpool Corp. - Overview
Exhibit 173: Whirlpool Corp. - Business segments
Exhibit 174: Whirlpool Corp. - Key offerings
Exhibit 175: Whirlpool Corp. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 176: Inclusions checklist
Exhibit 177: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 178: Currency conversion rates for US$
13.4 Research methodology
Exhibit 179: Research methodology
Exhibit 180: Validation techniques employed for market sizing
Exhibit 181: Information sources
13.5 List of abbreviations
Exhibit 182: List of abbreviations