Value sales in the household appliances market will be driven by increased product line extension, and rising customer expenditure on household appliances. Household appliance manufacturers are constantly developing, innovating, and integrating IoT with household appliances. Companies are focusing on reducing energy consumption and promoting sustainability.
Frequently Asked Questions
The market is segmented based on Segmentation, By Product (Refrigerators & Freezers, Washers & Dryers, Dishwashers, Air Conditioners, Cooking Appliances), Distribution Channel (Supermarket & Hypermarket, Specialty Stores, E-Commerce, and Others) – Industry Trends and Forecast to 2031.
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The Global Household Appliances Market size was valued at USD 550.80 USD Billion in 2023.
The Global Household Appliances Market is projected to grow at a CAGR of 4.8% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
