Electric Household Appliances Market

Electric Household Appliances Market by Product (Refrigerators, Washing Machines, Air Condition, Small Kitchen Appliances, Other Appliances,) by Application (Residential, Hotels, Office, Others,) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Electric Household Appliances in terms of revenue?

    The global Electric Household Appliances valued at 546.53 Billion in 2020 and is expected to reach 802.54 Billion in 2028 growing at a CAGR of 4.4%

  • Which are the prominent players in the market?

    The prominent players in the market are Whirlpool India, Mitsubishi Electric Corporation, Haier Group, Groupe SEB, Hamilton Beach Brands Inc., AB Electrolux, Indesit Company SpA, Voltas Limited (Tata Group), LG Electronics Inc., Royal Philips Electronics NV, Samsung Electronics Co. Ltd., Bosch, Jarden Consumer Solutions, Miele & CIE KG, Panasonic Corporation, Spectrum Brand Holdings, IFB Industries Ltd (IFB Home Appliances), Godrej Group, Hitachi Home & Life Solutions (India) Ltd, Blue Star Limited.

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 4.4% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Electric Household Appliances include

    • The rise in disposable incomes and growing e-commerce sector along with increasing technological advancements and attractive advertising and promotions by market players is expected to fuel the growth of the electric household appliances market during the forecast period.
    • The increase in urbanization and increasing population and hence rise in need for modernized appliances across the globe is further expected to augment the growth of the market in the near future.

  • Which region accounted for the largest share in the market?

    Asia Pacific was the leading regional segment of the Electric Household Appliances in 2020.

Request Sample Buy Now