Electric Household Appliances - Global Market Trajectory & Analytics

Global Electric Household Appliances Market to Reach 1.8 Billion Units by 2027

Amid the COVID-19 crisis, the global market for Electric Household Appliances estimated at 1.4 Billion Units in the year 2020, is projected to reach a revised size of 1.8 Billion Units by 2027, growing at a CAGR of 3.2% over the period 2020-2027. Major Household Appliances, one of the segments analyzed in the report, is projected to record 3.6% CAGR and reach 999.8 Million Units by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Small Household Appliances segment is readjusted to a revised 2.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at 378.8 Million Units, While China is Forecast to Grow at 5.9% CAGR

The Electric Household Appliances market in the U.S. is estimated at 378.8 Million Units in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 363 Million Units by the year 2027 trailing a CAGR of 5.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.9% and 2.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR.

Select Competitors (Total 191 Featured):

• AB Electrolux
• GE Appliances
• Groupe SEB
• Haier Group
• Hamilton Beach Brands Inc.
• Hitachi Appliances Inc.
• Jarden Consumer Solutions
• LG Electronics
• Miele & CIE, KG
• Mitsubishi Electric Corp.
• Panasonic Corp.
• Samsung Electronics Co., Ltd.
• Whirlpool Corp.