Household appliance manufacturing market consists of establishments engaged in manufacturing of appliances used for various purposes at home such as household-type small electric appliances, electric and non-electric cooking appliances, refrigerators and home freezers, laundry equipment and other major household appliances.
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The household appliance manufacturing market is valued at $393 billion in 2017 due to the increasing demand for household appliances due to rapid urbanization. Asia Pacific was the largest region in the household appliances manufacturing market in 2017, accounting for more than half of the total market share.
The household appliance manufacturing market in The Business Research Company’s report is segmented into small electrical appliance, household cooking appliance, household refrigerator and home freezer, other major household appliance and household laundry equipment. While the first two segments account for more than 60% of the market share, the remaining is attributed to the household refrigerator and home freezer, other major household appliance and household laundry equipment segments.
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China was the largest country in the household appliances manufacturing market in 2017, accounting for almost two-fifth of the market share. China was followed by the USA and Brazil.
Samsung Electronics Co. Ltd was the largest competitor in the household appliance manufacturing in 2017, followed by Panasonic Corporation and Whirlpool Corp. Samsung Electronics Co. Ltd is a global electronic manufacturing company headquartered in South Korea.
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