Household Appliances Industry Insights 2024

According to statistics, the global scale of household appliances reached $670 billion in 2024, accounting for 62.7%.

In terms of growth rate, the household appliances industry maintained a high growth rate in 2020 and 2021 due to the influence of the residential economy and the health economy; however, global sales of household appliances declined by 1.4% in 2022 under the unfavourable factors of demand overdraft and high inflation.
The household appliances market is expected to continue to rebound from 2024-2029 and grow at a higher rate than before 2020.