Household Appliances

In the realm of home and household appliances, the global home appliances market is generally segmented into small and major appliances. The major appliances category usually includes large appliances such as laundry appliances, refrigeration units, air conditioners, as well as stoves and ovens. Meanwhile, the small appliances segment includes small appliances such as microwaves, kettles, coffee machines, and vacuum cleaners. Small appliances account for most home appliance units sold worldwide.

As homes are becoming more and more connected, smart homes in general and, more specifically, smart appliances have become a major driver of growth in the industry. The interconnected appliances market nearly doubled between 2020 and 2024 and is projected to grow further until 2028. This growth includes the increasing demand for smart kitchen appliances but goes beyond just traditional appliances. Sales of collaborative robots have also shown strong growth.

The largest home and household appliance manufacturers globally are coming from China (Midea, Haier), South Korea (LG), and the United States (Whirlpool). While giants in China and other regions indeed cast long shadows, the global home appliances market boasts major players across every corner. European companies such as Electrolux, Groupe SEB, Miele, and Arcelik also wield significant influence and market shares.

Another growing market in the world of household appliances is the one containing robots, cobots, and service robots for everyday needs. Robots of this sort have become increasingly sophisticated and as such demand has soared. Robots that help automate simple tasks such as vacuuming or mowing the lawn have been particularly successful. Other robots such as companion robots for children, and the potentially revolutionary assistant robots from Tesla and Figure AI, are also being advanced rapidly.