Asia Pacific Home Appliances Market Size & Outlook

The home appliances market in Asia Pacific is expected to reach a projected revenue of US$ 335,923.2 million by 2030. A compound annual growth rate of 6.6% is expected of Asia Pacific home appliances market from 2025 to 2030.
Revenue, 2024 (US$M)
$233,396.1
Forecast, 2030 (US$M)
$335,923.2
CAGR, 2025 - 2030
6.6%
Report Coverage
Asia Pacific

Asia Pacific home appliances market, 2018-2030 (US$M)

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Asia Pacific home appliances market, 2018-2030 (US$M)

Asia Pacific home appliances market highlights

  • The Asia Pacific home appliances market generated a revenue of USD 182,577.6 million in 2021.
  • The market is expected to grow at a CAGR of 8.2% from 2022 to 2028.
  • In terms of segment, cooking appliances was the largest revenue generating product in 2021.
  • Washing Machines is the most lucrative product segment registering the fastest growth during the forecast period.
  • Country-wise, India is expected to register the highest CAGR from 2022 to 2028.


Asia Pacific data book summary

Market revenue in 2021USD 182,577.6 million
Market revenue in 2028USD 317,066.1 million
Growth rate8.2% (CAGR from 2021 to 2028)
Largest segmentCooking appliances
Fastest growing segmentWashing Machines
Historical data covered2016 - 2020
Base year for estimation2021
Forecast period covered2022 - 2028
Quantitative unitsRevenue in USD million
Market segmentationAir Conditioners, Cooking Appliances, Dishwashers, Refrigerators & Freezers, Washing Machines
Key market players worldwideKoninklijke Philips NV, Haier Smart Home Co Ltd ADR, B. Braun Medical, Hamilton Lane Inc Class A, Whirlpool Corp, Hamilton Beach Brands Holding Co Class A, Spectrum Brands Holdings Inc, Brother Industries Ltd, Tiger Brands Ltd, BPL Group, Meyer, Zojirushi, SEB SA, Blendtec


Other key industry trends

  • In terms of revenue, Asia Pacific region accounted for 36.9% of the global home appliances market in 2021.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
  • Latin America is the fastest growing regional market and is projected to reach USD 54,170.9 million by 2028.

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Asia Pacific home appliances market size, by country, 2018-2030 (US$M)

Asia Pacific Home Appliances Market Outlook Share, 2024 & 2030 (US$M)

Asia Pacific home appliances market size, by country, 2018-2030 (US$M)

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