Consumer electronics and home appliances industry

How big is the home appliance industry?
The global home appliances market size was valued at USD 646.56 billion in 2021 and is projected to grow from USD 720.59 billion in 2023 to USD 1100.4 billion by 2031, exhibiting a CAGR of 5.57% during the forecast period..
The global home appliances market size was valued at USD 646.56 billion in 2021 and is projected to grow from USD 720.59 billion in 2023 to USD 1100.4 billion by 2031, exhibiting a CAGR of 5.57% during the forecast period.

Aug 31, 2023“The global Consumer Electronics and Home Appliances market size was valued at USD 1053639.85 million in 2022 and is expected to expand at a

Sep 1, 2023Market Insights: The Consumer Electronics and Home Appliances Market is poised for significant growth, with an impressive CAGR projected from

How is the global consumer electronics & home appliances market segmented?

The Global Consumer Electronics & Home Appliances Market is segmented further based on Type, Distribution Channel, and Geography

By Type, the market is classified into consumer electronics and home appliances

Amongst the two, the consumer electronics segment is estimated to hold the highest market share during the forecast period

What are the major challenges facing the global consumer electronics & home appliances market?

The major challenge for the global consumer electronics and home appliances market is first copies and duplicated products

This factor is expected to hinder the growth of the global consumer electronics and home appliances market

Toshiba launches first home appliance store in India- 19th January 20212

Why are consumer electronics and home appliances so popular?

In addition, the rise in disposable income, hectic lifestyle, and the increase in people's standard of living has increased the demand for consumer electronics and home appliances

Furthermore, high-quality materials and visually attractive designs together with innovative and different functionalities offer opportunities for market growth

What is the study period of this market?

The Home Appliances Market is studied from 2019 - 2028. Read More

Which region has highest growth rate in Home Appliances Market?

Asia Pacific is growing at the highest CAGR over 2019 - 2028. Read More

Which region has largest share in Home Appliances Market?

Asia Pacific holds highest share in 2021. Read More

Who are the key players in Home Appliances Market?

Whirlpool, Haier, Samsung Electronics, LG Electronics, Bosch are the major companies operating in Home Appliances Market. Read More

,Work-From-Home Trend Results in High Adoption of Computing Products amid COVID-19 Pandemic The pandemic first emerge…