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Major Home Appliances Market to Reach USD 523.44 Billion by 2031 Driven by Smart-Home Demand and Energy-Efficiency Regulations
Major Home Appliances Market Size & Trends | Mordor Intelligence
According to Mordor Intelligence, the Major Home Appliances Market was valued at USD 418.85 billion in 2025 and estimated to grow from USD 434.68 billion in 2026 to reach USD 523.44 billion by 2031, at a CAGR of 3.78%. Rising urban housing developments, stricter energy-efficiency regulations, and growing consumer interest in digitally connected appliances are key factors driving this growth. North America currently represents the largest market, while Asia-Pacific is the fastest-growing region, supported by manufacturing scale and cost leadership. Meanwhile, emerging economies in the Middle East and Africa are showing rapid adoption of first-time major home appliance purchases.
Report Overview: https://www.mordorintelligence.com/industry-reports/global-major-home-appliances-market?utm_source=openpr
Key Trends in the Major Home Appliances Market
The major home appliances market is being shaped by several notable trends that affect both consumer preferences and market dynamics:
1. Digitally Connected Appliances:
Consumers are increasingly seeking smart-home-ready appliances that offer remote control, monitoring, and automation. This trend is particularly strong in North America and Europe but is expanding rapidly in Asia-Pacific. Smart refrigerators, washing machines, and ovens are leading the demand, contributing significantly to major home appliances market growth.
2. Energy-Efficiency Regulations:
Stricter energy-efficiency standards in the EU and North America are accelerating replacement cycles for older appliances. Consumers are incentivized to adopt more efficient refrigerators, air conditioners, and washing machines, which drives market share toward energy-conscious products.
3. Rapid Urbanization and Housing Growth:
Large-scale urban housing projects in Asia-Pacific and Middle East regions continue to drive the adoption of multiple home appliances in new households. Newly built apartments often come with bundled appliance purchases, boosting the overall major home appliances market size.
4. Health and Hygiene Features:
Appliances with hygiene-focused capabilities, such as sterilization in dishwashers and antibacterial filters in air conditioners, are gaining popularity. These features are influencing purchase decisions and expanding product differentiation across brands.
Market Segmentation in Major Home Appliances Market
The major home appliances market can be segmented by product type, distribution channel, and geography, providing insights into demand patterns and growth opportunities:
By Product:
Refrigerators
Freezers
Washing Machines
Dishwashers
Ovens
Air Conditioners
Other Major Appliances
By Distribution Channel:
Multi-Brand Stores (largest share)
Exclusive Brand Outlets
Online Sales (fastest-growing)
Other Distribution Channels
By Geography:
North America (largest market)
Europe
Asia-Pacific (fastest-growing)
South America
Middle East & Africa
Among products, refrigerators lead in market share, while dishwashers are projected to grow steadily. Multi-brand stores remain the primary distribution channel, though online channels are gaining significant traction. Asia-Pacific dominates in terms of market size, while the Middle East and Africa show the fastest CAGR due to rising disposable incomes and first-time appliance purchases.
Explore Our Full Library of home and property improvement research reports: https://www.mordorintelligence.com/market-analysis/home-property-improvement?utm_source=openpr
Key Players in the Major Home Appliances Market
The competitive landscape of the major home appliances market features both global and regional players competing across product innovation, pricing, and distribution:
Haier Smart Home Co., Ltd.
Whirlpool Corporation
LG Electronics Inc.
Samsung Electronics Co., Ltd.
Electrolux AB
These companies are continuously investing in product upgrades, smart features, and energy-efficient solutions to capture market share and respond to evolving consumer preferences.
Conclusion:
The major home appliances market is expected to maintain steady growth through 2031, driven by urbanization, smart-home adoption, and regulatory support for energy-efficient appliances. Market trends indicate an increasing shift toward digitally connected devices, online distribution channels, and health-oriented features. With Asia-Pacific leading in growth and North America holding the largest market share, global players are focusing on balancing innovation with cost-effectiveness to remain competitive.
As consumers prioritize convenience, energy savings, and hygiene, the major home appliances market size and share are likely to expand further, offering opportunities for both established and emerging manufacturers. The sustained growth trajectory highlights the sector's significance in shaping modern household living standards worldwide.
For detailed market analysis, please visit the Mordor Intelligence page:
https://www.mordorintelligence.com/industry-reports/global-major-home-appliances-market?utm_source=openpr
Industry Related Reports:
Kitchen Appliances Market : The Kitchen Appliances Market is Segmented by Product (Large Kitchen Appliances and Small Kitchen Appliances), by End User (Residential and Commercial), by Distribution Channel (B2C/Retail and B2B (directly From the Manufacturers)), and by Geography (North America, South America, and More).
Get more Insights: https://www.mordorintelligence.com/industry-reports/global-kitchen-appliances-products-market-industry?utm_source=openpr
France Home Appliances Market : The France Home Appliances Market report segments the industry into By Product (Major Appliances, Small Appliances), By Distribution Channel (Multibrand Stores, Exclusive Stores, Online, Other Distribution Channels).
Get more Insights: https://www.mordorintelligence.com/industry-reports/france-home-appliances-market-industry?utm_source=openpr
Colombia Home Appliances Market : The Colombia Home Appliances Market report segments the industry into Major Appliances (Refrigerators, Freezers, Dish-washing Machines, Washing Machines, Cookers and Ovens), Small Appliance (Vacuum Cleaners, Small Kitchen Appliances, Hair Clippers, Irons, Toasters, Grills and Roasters, Hair Dryers), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, E-commerce).
Get more Insights: https://www.mordorintelligence.com/industry-reports/colombia-home-appliances-market-industry?utm_source=openpr
For any inquiries or to access the full report, please contact:
media@mordorintelligence.com
https://www.mordorintelligence.com/
Mordor Intelligence, 11th Floor, Rajapushpa Summit, Nanakramguda Rd, Financial District, Gachibowli, Hyderabad, Telangana - 500032, India.
About Mordor Intelligence:
Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.
With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.
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