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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