How big is the home appliances market | Latest Insights 2025

Q: What is the current size of the home appliances market?

The home appliances market was valued at USD 195.39 billion in 2024 and is expected to reach USD 237.06 billion by 2031.

Q: What is the growth rate of the home appliances market?

The home appliances market is expected to grow at a CAGR of 2.8% during 2025–2031.

Q: Which industries use home appliances the most?

Residential households, hospitality, real estate developers, and commercial housing.

Q: What technologies are shaping the home appliances market?

IoT integration, AI, energy-efficient components, voice control, and inverter technology.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA6472

Publication Date: Jul 2025

How big is the Global Home Appliances Market?

According to 6Wresearch internal database and industry insights, the Global Home Appliances Market was valued at USDâ€¯195.39â€¯billion in 2024 and is expected to reach USDâ€¯237.06â€¯billion by 2031, growing at a CAGR of 2.8% from 2025-2031.

The market is expanding due to rising disposable incomes, urbanization, smart home adoption, and increasing demand for energy-efficient and connected appliances.

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Key Growth Drivers of the Home Appliances Market

Booming cities and improvement of lifestyles
Increased level of demand of energy efficient and smart appliances
Technology of automatization and the use of IoT
Growth of e-commerce and multi-channel retailing
The efforts of governments on energy saving and sustainability

Home Appliances Market Trends

The home appliances market is seeing major trends like AI-integrated smart appliances and mobile-controlled devices. There’s a growing preference for eco-friendly, energy-efficient products amid rising environmental awareness. Modular and space-saving appliances are in demand due to compact urban living. Premiumization is driving sales of multifunctional products. Brands are enhancing user experience via app-based controls, voice assistants, and personalized features. E-commerce platforms are increasingly influencing purchase decisions and product reach.

Emerging Developments in the Home Appliances Market

Energy-related functions and appliance automation is undergoing automatization by means of AI and machine learning. The creation of interconnected life spheres through IoT-made devices is to enable connection to smart home systems. The manufacturers are experimenting with modular kitchen appliance and multi-talented devices. Inverter-based and solar-powered appliances are also coming in the market sensitive to energy. The compatibility of voice commands and diagnosis remotely is becoming handy and after sales service. Firms are also concerned with recyclable substances and biodegradable substance.