U.S. Home Appliances Market Size & Outlook, 2024-2030

The home appliances market in the United States is expected to reach a projected revenue of US$ 123,335.5 million by 2030. A compound annual growth rate of 3.8% is expected of the United States home appliances market from 2025 to 2030.
Revenue, 2024 (US$M)
$99,346.0
Forecast, 2030 (US$M)
$123,335.5
CAGR, 2025 - 2030
3.8%
Report Coverage
U.S.

U.S. home appliances market, 2018-2030 (US$M)

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U.S. home appliances market, 2018-2030 (US$M)

U.S. home appliances market highlights

  • The U.S. home appliances market generated a revenue of USD 109,743.6 million in 2021 and is expected to reach USD 156,136.9 million by 2028.
  • The U.S. market is expected to grow at a CAGR of 5.2% 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.


Home appliances market data book summary

Market revenue in 2021USD 109,743.6 million
Market revenue in 2028USD 156,136.9 million
Growth rate5.2% (CAGR from 2021 to 2028)
Largest segmentCooking appliances
Fastest growing segmentWashing Machines
Historical data2016 - 2020
Base year2021
Forecast period2022 - 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, U.S. accounted for 22.2% of the global home appliances market in 2021.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
  • In North America, U.S. home appliances market is projected to lead the regional market in terms of revenue in 2028.
  • Mexico is the fastest growing regional market in North America and is projected to reach USD 15,831.2 million by 2028.

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U.S. home appliances market size, by product, 2018-2030 (US$M)

U.S. Home Appliances Market Outlook Share, 2024 & 2030 (US$M)

U.S. home appliances market size, by product, 2018-2030 (US$M)

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