USD 89.5 Bn growth in Household Appliance Market, AB Electrolux, Haier Smart Home Co. Ltd., and Hitachi Ltd. emerge as dominant players | Technavio

NEW YORK, Nov. 15, 2021 /PRNewswire/ — The «Household Appliance Market by Product, Distribution Channel, and Geography – Forecast and Analysis…

NEW YORK, Nov. 15, 2021 /PRNewswire/ — The «Household Appliance Market by Product, Distribution Channel, and Geography – Forecast and Analysis 2021-2025» report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.

The potential growth difference for the household appliance market between 2020 and 2025 is USD 89.50 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.

Key Market Dynamics:

  • Market Driver
  • Market Challenges

The product innovation and advancement leading to portfolio extension and product premiumization and increased adoption of integrated smart home technology are some of the key market drivers. However, factors such as fluctuations in raw material prices and operational costs will challenge market growth.

Learn about additional drivers, trends, and challenges impacting the market growth by purchasing our full report.

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The household appliance market report is segmented by Product (Major household appliances and Small household appliances), Distribution Channel (Offline and Online), and Geography (APAC, Europe, North America, South America, and MEA).  APAC will be the leading region with 53% of the market’s growth during the forecast period. China and Japan are the key markets for household appliances in APAC.

Read our Sample Report for highlights on top-performing segments and regions in the household appliance market.

Some Companies Mentioned with their Offerings

  • AB Electrolux
  • Haier Smart Home Co. Ltd.
  • Hitachi Ltd.
  • LG Electronics Inc.
  • To gain access to more vendor profiles with their key offerings available with Technavio, Click Here.

Related Reports:

Global Smart Kitchen Appliance Market – Global smart kitchen appliance market is segmented by product (smart large cooking appliance, smart refrigerator, smart small cooking appliance, and smart dishwasher), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and MEA).

Download Exclusive Free Sample Report

Global Smart Connected Cooking Appliances Market – Global smart connected cooking appliances market is segmented by distribution channel (offline and online) and geography (North America, Europe, APAC, South America, and MEA).

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Household Appliance Market Scope

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Decelerate at a CAGR of over 4%

Market growth 2021-2025

USD 89.50 billion

Market structure


YoY growth (%)


Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 53%

Key consumer countries

China, US, Japan, Germany, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AB Electrolux, Haier Smart Home Co. Ltd., Hitachi Ltd., LG Electronics Inc., MIDEA GROUP, Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Transform SR Brands LLC, and Whirlpool Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

  • Executive Summary
  • Market Landscape
  • Market Sizing
  • Five Forces Analysis
  • Market Segmentation by Product
  • Customer landscape
  • Geographic Landscape
  • Vendor Landscape
  • Vendor Analysis
  • Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


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