Home Appliances Market Surges to USD 1,344.47 Billion by 2030, Propelled by 24.8% CAGR - Verified Market Reports

The home appliances market is driven by factors such as technological advancements, increased urbanization, and rising consumer demand for energy-efficient and smart appliances. The adoption of IoT and connected devices has further boosted market growth, as consumers prefer convenience and automated solutions. Moreover, the growth of disposable incomes globally allows households to invest in premium and innovative appliances

LEWES, Del., Dec. 9, 2024 /PRNewswire/ -- The Global Home Appliances Market is projected to grow at a CAGR of 24.8% from 2024 to 2030, according to a new report published by  Verified Market Reports. The report reveals that the market was valued at USD 814.15 Billion in 2023 and is expected to reach USD 1,344.47 Billion by the end of the forecast period.

The Home Appliances Market covers a wide range of devices designed to simplify household tasks, including cooking, cleaning, and home comfort. Driven by urbanization, rising disposable incomes, and technological advancements, the market is shifting towards energy-efficient and smart appliances. Trends such as IoT integration, sustainability, and compact designs cater to evolving consumer needs. Key players focus on innovation to enhance convenience, performance, and user experience.

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Browse in-depth TOC on Home Appliances Market

202 - Pages
126 – Tables
37 – Figures

Scope of The Report

REPORT ATTRIBUTES	DETAILS
STUDY PERIOD	2021-2030
BASE YEAR	2023
FORECAST PERIOD	2024-2030
HISTORICAL PERIOD	2021-2022
UNIT	Value (USD Billion)
KEY COMPANIES PROFILED