Home Appliances Market Outlook:
Home Appliances Market size was over USD 600.3 billion in 2025 and is anticipated to cross USD 1.03 trillion by 2035, witnessing more than 5.5% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of home appliances is assessed at USD 630.01 billion.
This boost is anticipated by the slated demand for affordability, and the growth in the economic conditions, along with the continuously changing consumer lifestyle acts as a major growth driver for the rise in the appliances rental market share. According to a report by the World Economic Outlook in 2023, global growth is projected to fall to 2.9% in 2023 from 3.4 % in 2022 but is estimated to rise to 3.1% in 2024.
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2026, the industry size of home appliances is assessed at USD 630.01 billion.
The global home appliances market size surpassed USD 600.3 billion in 2025 and is projected to witness a CAGR of over 5.5%, crossing USD 1.03 trillion revenue by 2035.
Asia Pacific home appliances market is expected to capture 46% share by 2035, driven by a surge in the working population demanding convenience in their busy lifestyle.
Key players in the market include Panasonic, Sharp Corporation, Samsung Electronics Co., Ltd., Midea Group Co., Ltd., LG Electronics Inc., Qingdao Haier Co., Ltd., AB Electrolux, Robert Bosch GmbH, Haier.
