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Electric Household Appliances Market Share

Report ID: GMI214
Published Date: Sep 2024
Report Format: PDF

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Electric Household Appliances Market Share

Electric Household Appliances Market Company Share Analysis (2023)

The market is fragmented, with several regional companies operating on a global scale. Together these companies hold a market share of 10%-15% of the total market. Companies are investing in smart and connected appliances that offer advanced features, such as remote control and integration with home automation systems. Innovations in energy-efficient technologies help meet consumer demand for environmentally friendly products and comply with regulatory standards.

Electric Household Appliances Market Share

Major players operating in the electric household appliances industry are:

LG Electronics
Samsung Electronics
Electrolux AB
Whirlpool Corporation
BSH Hausgeräte GmbH
Walton Group
Midea Group
Robert Bosch GmbH
Gree Electric Appliances Inc.
Panasonic Corporation
Hitachi, Ltd.
Haier Group Corporation
Sharp Corporation
Siemens AG
Miele

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The electric household appliances market was valued at USD 563.8 billion in 2023 and is estimated to grow at 8% CAGR during 2024-2032 driven by technological advancements, rising disposable income, and urbanization.

The large appliances segment in the market generated USD 271.5 billion in 2023 attributed to the increasing demand for smart and energy-efficient features.

Asia Pacific electric household appliances market held 38.3% share in 2023 and is expected to grow at 8.2% CAGR during 2024-2032 owing to the large and rapidly growing population.

LG Electronics, Samsung Electronics, Electrolux AB, Whirlpool Corporation, BSH Hausgeräte GmbH, Walton Group, Midea Group, Robert Bosch GmbH, Gree Electric Appliances Inc., Panasonic Corporation, and Hitachi, Ltd. Among others.