Appliances Statistics 2024 by Market Share and Sales

Introduction

Appliances Statistics: The appliance industry is huge because hundreds of home and household appliances will be manufactured by leading global companies in 2024. As the demand for appliances is increasing enormously thus, the industry is gaining billions of dollars in business from every sale each year. Overall, the appliance market is forecast to grow in the coming years. This Appliances Statistics includes statistical analyses of all different appliances from several insights of recent years, and I hope you will get better ideas before investing in the market.

Editor’s Choice

• A report published by Statista states that by the end of 2028, the overall appliances market valuation will reach above $900 billion.
• Appliances Statistics further claims that the estimated revenue from home and household appliances worldwide will be $0.67 trillion by 2024.
• As of 2023, global revenue generated by major appliances was $399.46 billion, and it will reach $500.28 billion by 2028.
• In 2023, Midea Group Co. Ltd. was the largest household appliance company, with a sales revenue of $53 billion.
• The household appliance industry accounted for the largest market size in 2023, resulting in $0.72 trillion, and is supposed to grow at a 4.81% CAGR from 2023 to 2028.
• In the United States of America, the market value of household appliances is estimated to reach $70 billion from 2024 to 2028, an increase of 12.81%.
• The market for smart appliances is growing rapidly; in the U.S. alone, almost 17 million users (13% of U.S. households) own a smart appliance.
• According to Appliances Statistics, revenue in the ‘Smart Appliances’ segment has been continuously increasing, reaching $39.6 billion (+75.43%) from 2023 to 2028.
• The appliancesonline.com.au website, ranked by traffic in February 2024, received 1.8 million total visits, a decrease of 28.34% from last month.
• Organic search was the highest traffic source, with 39.43%, and YouTube had the highest social media referral rate, with a 42.91% share.

General Appliance Statistics

• From 2024 to 2028, global revenue generated by the ‘Microwave Ovens’ segment increased by $1.6 billion, or 16.68% market share.
• During the same forecasted period, the price unit in the ‘Grills and Roasters’ segment increased to $9.9 in the United States.
• In the United States, more than 80% of households are using a microwave and refrigerator.
• Appliances Statistics report published by Statista claimed that in the U.S., U.K., Russia, Italy, Turkey, and Spain, around 90% of households own cookers or microwaves in 2023.
• On the other hand, 75% of households in Austria, Germany, France, Sweden, and Spain own a coffee machine, whereas in South Africa, 27% of households use one.
• In the United States, at least one smart appliance is owned by men (82%) and women (49%) in 2023.
• American households have saved up to $98 per month after using smart appliances, which results in an annual savings of $1,180.
• Appliances Statistics has also analyzed that in 2023, Whirlpool Corporation generated $5.33 billion in sales revenue from refrigerators and freezers.

Appliances Revenue Statistics by Category (Analyses From 2018 to 2028)

(Reference: statista.com)

• Appliances Statistics further state that revenue generated by the major and small appliances are $0.4 trillion and $0.24 trillion, respectively.
• The revenue of major and small appliances is expected to be $0.42 trillion and $0.25 trillion, respectively, by 2024.
• Moreover, revenue earned by major and minor home and household appliances is going to increase in coming years such as 2025 ($0.44 trillion and $0.27 trillion), 2026 ($0.46 trillion and $0.28 trillion), 2027 ($0.48 trillion and $0.29 trillion), and 2028 ($0.5 trillion and $0.31 trillion).

Retail Unit Volume Appliances Statistics by Category

(Reference: statista.com)

• As of 2023, the global retail unit volume of major and small home and household appliances accounted for $0.76 billion units and $3.75 billion units, respectively.
• By the end of 2024, the retail volume unit is estimated to be major appliances ($0.77 billion units) and small appliances ($3.8 billion units).
• Meanwhile, in coming years, retail volume of major and small appliances are 2025 ($0.79 and $3.85 billion units), 2026 ($0.81 and $3.91 billion units), 2027 ($0.83 and $3.97 billion units), and 2028 ($0.85 and $4.03 billion units), respectively.

United States Household Appliances Statistics (Analyses From 2023 to 2028)

(Reference: consumeraffairs.com)

• As per research conducted by Consumer Affairs, revenue accounted by the U.S. major and small appliances industry in 2023 was $30.72 billion and $29.21 billion, respectively, in 2023.
• The estimated revenue amounts for the major and small appliances industries will be $31.49 billion and $30.19 billion, respectively, by 2024.
• In addition, in coming years, predicted revenue of the major and small appliances industry are 2025 ($32.24 billion and $31.37 billion), 2026 ($65.54 billion and $32.56 billion), 2027 ($33.74 billion and $33.82 billion), and 2028 ($34.49 billion and $35.11 billion).

Appliance Statistics by Manufacturers

L.G. Electronics

• According to Appliances Statistics, in 2023, annual revenue generated was $64.41 billion.
• The company deals with over 125+ operations globally.
• Appliances manufactured by the company are refrigerators, washing machines, dishwashers, cooking appliances, vacuum cleaners, air conditioners, T.V.s, audio and video systems, P.C.s, computer monitors, mobile devices, etc.

Panasonic

• As of 2023, Panasonic’s revenue accounted for $59.64 billion, which has decreased from the previous year.
• Panasonic owns around 520 consolidated companies.

Haier Electronics Group

• The annual sales revenue of Haier Electronics Group turned out to be $27.45 billion in 2023.
• In India, by the end of 2023, the company’s revenue hit Rs. 7K million and expected to reach $10K million by 2025.
• The most used appliances of the company are Haier refrigerators, washing machines, and wine cabinets.

Gree Electric Appliances

• As per the company’s latest financial report analysis, in 2023, the revenue made by Gree Electric Appliances was $27.91 billion.
• The best appliances of the company are electric fans, rice cookers, air cleaners, humidifiers, etc.

Whirlpool Corporation

• Whirlpool is an American appliance manufacturer that has approached $19.45 billion in revenue in 2023.
• This company is best for kitchen and laundry appliances.

The website traffic of Appliance Statistics

(Source: similarweb.com)

• As explained by Appliances Statistics in February 2024, Australia had 94.14% of total traffic on applianceonline.com.au.com, but it was reduced by 23.66% in total website visitors.
• Furthermore, other countries recorded the following contribution in total traffic: Singapore = 1.75 (+598.8%), the United States = 0.97% (-25.59%), New Zealand = 0.61% (-52%), and the United Kingdom = 0.41% (-10.27%).
• Other countries collectively made around 2.18% of visitor share.

By Demographics

(Reference: similarweb.com)

• The users shared by the website are male (59.59%) and female (40.41%).
• Appliances Statistics by age group states that the highest number of website users observed is between 25 and 34 years old, resulting in 22.11%.
• 20% of website users are aged from 45 to 54 years.
• 71% and 17.47% belong to 55 to 64 years and 35 to 44 years respectively.
• 19% of users are aged from 18 to 24 years.
• Nearly 13.52% of user shares contributed from the age group above 65 years.

By Traffic Source

(Reference: similarweb.com)

• The highest traffic rate towards appliancesonline.com.au was accounted for by organic search, with 39.43% in February 2024.
• 72% of the share is accounted for by direct search, while 23.84% is from Paid search from the website.
• Other traffic sources are referral search (2.62%), social search (1.12%), mail search (1.68%), and display search (1.58%).

By Social Media Traffic

(Reference: similarweb.com)

• YouTube recorded the highest social media referral rate, with a 42.91% share than other social networks.
• Facebook and Reddit contribute 34.13% and 11.35% of traffic share, respectively.
• Traffic sent by Facebook Messenger is 9.03%, and Twitter contributes 2.03% of traffic.
• Other social media networks have a nominal contribution, collectively making around 0.54%.

By Device

(Reference: semrush.com)

• com.au traffic share by device users is mobile (47.54%) and desktop (52.46%).
• 24% of total appliance users belong to Australia, resulting in 1.34 million. Out of these, 50.04% are desktop, and 49.96% are mobile users.
• The United States has 37.17K users, resulting in 2.61% of traffic, of which 100% comes from desktop devices.
• Out of the total players, 0.61% is from New Zealand, resulting in 8.72K, with 100% access to the desktop version.
• The United Kingdom and Belgium have around 6.3K and 4.69K users, respectively, which results in 0.44% and 0.33%.

Refrigerator Statistics

• Appliance Statistics stated that the global revenue from the refrigerator segment is supposed to increase to approximately $20.8 billion. From 2024 to 2028, with a growth rate of 17.25%.
• The market valuation of refrigerators was $117 billion in 2023 and will be $141 billion by 2028.
• However, revenue generated by the smart refrigerators segment was $3.5 billion in 2023 and will reach above $4.09 billion by 2028, with an annual growth of 3.14% CAGR from 2023 to 2028.
• In the United States, the refrigerator ownership rate is 81%.
• As of 2023, L.G. Electronics’ production volume of refrigerators approached 9.42 million units.
• The Asia Pacific region will dominate the household refrigerators and freezer appliance industry, resulting in a $34.67 billion market size by 2024.

(Reference: statista.com)

• In the United States, refrigerator brands shared in September 2023 are Frigidaire (17%), G.E. (17%), L.G. (12%), Samsung (11%), Whirlpool (11%), Kenmore (7%), Kitchen Aid (3%), Bosch (2%), Maytag (2%), Electrolux (1%), Haier (1%), Hitachi (1%), other (3%), and don’t know (12%).

Best refrigerator of 2024

• Samsung 183 L, 5 Star, Digital Inverter, Direct-Cool Single Door Refrigerator
• Whirlpool 235 L, ‎NEO DF278 PRM
• Whirlpool 260 L Frost-Free Triple-Door Refrigerator
• LG 272 L 3 Star Frost-Free Smart Inverter Compressor GL-S312SPZX
• Samsung 256 L, 3 Star, Convertible fridge, RT30C3733BX/HL

Washing Machine Statistics

• The expected revenue earned by the washing machine appliance market in 2024 will be $67.38 billion, and it will grow annually at a CAGR of 3.91% from 2024 to 2028.
• This year, China will lead the global washing machine market with revenue of $17.12 billion, and the United States will account for around $6.83 billion.
• The appliance segment is predicted to make a volume growth of 2.2% by the end of 2025.
• The key players in the smart washing machine segment are LG, Whirlpool, Samsung, and Hitachi.
• In November 2023, these top four manufacturers hold a market share of 25%.
• China captured the largest market share of smart refrigerators, 35%, followed by Japan and the United States, 30%.

(Reference: hometechguide.net)

• Based on Washing Machine Appliance Statistics, in India 2023, L.G. is the best brand in this segment, with a market share of 29%.
• Other brand shares of this segment are Samsung (18%), Whirlpool (17%), Godrej (11%), Haier (8%), IFB (6%), BOSCH (2%), and others (9%).

Best Washing Machines of 2024

• Samsung 7 kg Fully-Automatic Top Loading Washing Machine
• G. 7 Kg 5 Star Wind Jet Dry Semi-Automatic Top Loading Washing Machine
• Samsung 6 kg, 5-star, Semi-Automatic Washing Machine
• Panasonic 6 Kg 5 Star Fully-Automatic Top Load Washing Machine
• LG 6.5 Kg 5 Star Fully Automatic Top Loading Washing Machine

Air Conditioner Statistics

(Source: giiresearch.com)

• The global estimated market size of Air Conditioner will reach around $199.53 billion by the end of 2024 and will reach $268.05 billion by 2029.
• However, in a report generated by Market Research Future, in 2023, Smart Air Conditioning generated revenue of $17.02 billion.
• Whereas, in the U.S., the A.C. market is worth $23.90 billion in revenue.
• The predicted global Smart A.C. market is going to be $23.5 billion, with a CAGR of 11.8% from 2021 to 2027.
• Appliances Statistics further state that 147.4 million air conditioning units will be sold in the Asian market by 2024.

Best-selling A.C. of 2024

• Panasonic 1.5 Ton 5 Star Wi-Fi Inverter Smart Split AC
• LG 1 Ton 5 Star, TS-Q14YNZE
• Carrier 1.5 Ton 5 Star AI Flexicool Inverter Split A.C.
• Cruise 1.5 Ton 5 Star Inverter Split A.C.
• Voltas 1.5 Ton 5 Star Inverter Window AC

Dishwasher Statistics

• As of 2024, the United States of America dominated the revenue generation of the dishwasher market, with a total revenue of $3.53 billion.
• The worldwide market is supposed to earn $27.06 billion by 2024, according to a report published by Statista.
• The highest segment is going to experience built-in dishwashers with a CAGR of 10.2% from 2021 to 2030.
• Depending on the distribution channel, the online retail segment will grow the fastest, with a CAGR of 11.2% in the forecasted period.
• The Asia-Pacific region will be the largest in adopting smart dishwashers, with an annual growth rate of 11.1%.
• Based on application, dishwashers’ market shares will be commercial (86.8%) and residential (13.2%) in 2023.
• The market is dominated by the North American region, with a major share of 47%.
• Besides, the free-standing segment of the dishwasher industry recorded $4.08 billion.

Best Dishwashers of 2024

• Bosch 300 Series SHE53C85N (best dishwasher) costs $999
• Maytag MDB8959SKZ (also great), $800
• Miele G7106 (Upgraded model), $1,749

Coffee Machine Statistics

• According to Appliances Statistics, revenue generated by the Coffee Machines market will project $12.63 billion by 2024
• The annual growth rate will experience a 2.59% CAGR from 2024 to 2028.
• The United States will dominate in revenue generation worldwide, resulting in $3,700 million in 2024.
• Currently, in the United States, nearly 66% of people prefer drinking coffee each day, which is approximately 491 million cups.
• From the last five years, coffee consumption in the United States has increased by 1.2% in 2023.
• Coffee machine usage by gender statistics is by women (68.8%) and men (31.2%) in the U.S.
• Based on age, the usage share of coffee machines is 20 to 30 years (51%), 30 to 40 years (12%), and above 40 years (3%).
• Meanwhile, industry shares of coffee machines are hospitality (26%), manufacturing (14%), retail (13%), fortune 500 (9%), health care (6%), education (6%), media (5%), professional (5%), technology (4%), start-up (3%), non-profits (3%), agriculture, transportation, finance, pharmaceutical, internet, and telecommunication (1% each).

Best Coffee Machines of 2024

• Bonavita Enthusiast 8-Cup Drip Coffee Brewer with Thermal Carafe
• Ninja 12-Cup Programmable Coffee Maker CE251
• Kalita Wave 185 Dripper
• Espro P3 French Press
• OXO Good Grips Cold Brew Coffee Maker

Microwaves Statistics

• The global Microwave industry is estimated to have a market size of $15.50 billion in 2024 and will reach around $21.67 billion by the end of 2033.
• The compound annual market growth of the industry will grow at a CAGR of 3.80% from 2024 to 2033.
• In the United States, revenue generated by the microwave industry was $4.38 billion in 2023.

(Reference: precedenceresearch.com)

• Moreover, Appliances Statistics mentioned that in 2023, North America held the dominating share with 46%.
• The other regions’ shares are followed by Europe (29%), Asia Pacific (19%), Latin America (4%), and the Middle East and Africa (2%).
• In 2023, based on products, the convection segment captured the largest market share with 43%.
• The built-in segment dominated the microwave market with a 69% share.
• Lastly, the e-commerce segment made a market share of 63%.

Best Microwaves of 2024

• Toshiba EM131A5C, ($129)
• Toshiba ML2-EM25PAE, ($119)
• Panasonic NN-SN67HS ($165)

Conclusion

The overall appliance market is growing enormously and is used by billions of people worldwide. Due to technological advancements, sustainability concerns, and increased customer demand, the appliance industry is becoming dynamic and ever-evolving in the 21^st century. This article on appliance statistics has covered all details of market share and usage, as well as current analyses of the most used appliances in every house in recent days.

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