GVR Report cover Thailand Household Appliances Market Size, Share & Trends Report

Thailand Household Appliances Market Size, Share & Trends Analysis Report By Product (Major Appliances, Small Appliances), By Distribution Channel (Electronic Stores, Online), And Segment Forecasts, 2025 - 2030

  • Report ID: GVR-4-68040-621-6
  • Number of Report Pages: 80
  • Format: PDF
  • Historical Range: 2018 - 2023
  • Forecast Period: 2025 - 2030 
  • Industry: Consumer Goods

Market Size & Trends

The Thailand household appliances market size was estimated at USD 4.25 billion in 2024 and is projected to grow at CAGR of 8.1% from 2025 to 2030. Thailand’s burgeoning middle class and increasing disposable incomes have directly translated into higher consumer spending on household equipment, particularly for upgrades to essential items. The ongoing trend towards replacing older models with more advanced, energy-efficient, and smart alternatives is a key factor stimulating this demand. Consequently, major appliances such as refrigerators and washing machines are experiencing heightened demand, underscoring their significance in consumer purchasing priorities.

Thailand household appliances market size and growth forecast (2020-2030)

Urbanization and concurrent housing development projects are also pivotal drivers in the expansion of this market. With the percentage of urban population reaching 54% in 2023 and significant residential construction underway in major cities like Bangkok, Chiang Mai, Phuket, and Pattaya, there is a consistent creation of new households. Each new dwelling necessitates the acquisition of a full suite of appliances, from kitchen essentials to laundry units, thereby providing a stable and expanding demand base for manufacturers and retailers. Moreover, according to a Reuters article published in February 2025, Thailand's economy likely experienced its fastest growth in over two years during Q4 2024. This growth, primarily driven by a surge in foreign tourism and strong exports, was expected to offset sluggish domestic demand. Economists polled by Reuters projected a 3.9% year-on-year expansion for Thailand, compared to 3.0% in Q3. This demographic shift fundamentally reshapes consumption patterns and provides a fertile ground for market penetration.

Technological advancements are profoundly influencing consumer preferences and market offerings. The increasing integration of IoT and AI in home appliances is creating a demand for smart and connected products that offer enhanced convenience and functionality. Leading brands like LG have strategically launched extensive smart appliance ranges, demonstrating a clear commitment to meeting these evolving consumer desires for connected living. This technological imperative extends to energy efficiency, with a growing consumer awareness of long-term cost savings and environmental benefits.

Furthermore, changing consumer lifestyles, coupled with government initiatives and the expansion of retail channels, contribute significantly to market buoyancy. According to a 2024 study published under the OECD Working Papers, Thailand demonstrated a strong commitment to fostering green innovation and transitioning to a circular economy. The nation had significantly increased private sector research and development investments, driven by policy efforts, and saw growth in patent applications from SMEs and domestic businesses. Authorities focused on strengthening tax incentives for R&D, streamlining application processes, and enhancing science-industry collaboration to overcome human resource constraints. Efforts were made to introduce an extended producer responsibility (EPR) framework for waste management and promote sustainable tourism.

Consumer Insights

Thailand's demand for household appliances is robust, driven by rising disposable incomes, rapid urbanization, and a growing middle class. Despite potential price premiums, key trends include a significant shift towards energy-efficient and eco-friendly products. The adoption of smart home technology, integrating IoT, AI, and voice control, is accelerating across appliances like refrigerators and washing machines. Urbanization also fuels demand for compact, multi-functional, and space-saving products. E-commerce is rapidly expanding, with online and omnichannel shopping gaining traction due to convenience and competitive pricing. Post-pandemic lifestyle shifts continue to influence demand for products supporting healthier home living.

Consumer Demographic Insights

Key purchase trends encompass energy efficiency, smart features, brand reputation, price, and support. While women traditionally influenced purchasing, the market increasingly appeals to both genders, especially tech-savvy younger males and dual-income households. The most active buyers in the market are individuals aged 35-44, closely followed by the 25-34 and 45-54 age groups, who also show strong online purchasing activity.

Pricing Analysis

Consumers prioritize affordability and value, opting for essential, multi-purpose, or space-saving models over premium-priced options and showing increased interest in repair services as an alternative to replacement. While the adoption of smart, energy-efficient, and eco-friendly appliances is rising, their price premium remains a constraint for mass-market penetration. Manufacturers invest in R&D to balance innovation with affordability to broaden consumer access. Energy-efficient models are in demand due to rising energy costs and environmental concerns.

Average Retail Price of Household Appliances in Thailand, 2024 (USD)

LG offers a diverse range of washing machines in Thailand, including top-load, front-load, and enhanced-capacity models, catering to various household and commercial needs. These machines often integrate advanced features like AI Direct Drive (AI DD), Wi-Fi connectivity, and specialized wash cycles. Notably, enhanced capacity washers, up to 16 kg, utilize AI DD 2.0 for optimized cycles and include features like Pet Care and low-vibration technology. Mid-range options include 10 kg top-load fully automatic models like the THD10SWP, featuring 6-Motion technology and a 10-year motor warranty. Many LG models also incorporate Direct Drive motors for enhanced performance. Commercial laundry solutions, designed for reliability and efficiency, are also available. Pricing varies significantly by capacity and technology; entry-level models are mid-range, while advanced features and larger capacities, such as AI Direct Drive and Wi-Fi connectivity, command premium prices. LG distributes through over 900 dealers, holding a significant market share.

Product Insights

Major appliances dominated the market in 2024, fueled by rapid urbanization and new housing developments, particularly in urban centers like Bangkok. Rising disposable incomes and a growing middle class also drive upgrades to modern, technologically advanced appliances, aligning with evolving lifestyles focused on convenience. Consumers increasingly prefer energy-efficient and smart appliances, prompting manufacturers to integrate IoT and AI. Leading international brands such as Electrolux, LG, and Samsung leverage strong distribution and marketing. Government incentives further stimulate sales of these big-ticket items.

Thailand Household Appliances Market Incremental Growth Opportunity from 2024 to 2030 (USD Million)

Small appliances are projected to grow at the fastest CAGR over the forecast period, driven by changing lifestyles and rapid urbanization, leading to a preference for compact and multifunctional units. Rising disposable incomes also enable consumers to purchase additional convenience-enhancing appliances. There's a growing inclination towards energy-efficient and smart small appliances, as consumers become more environmentally conscious. The expansion of e-commerce makes these products highly accessible; the small kitchen appliances e-commerce market alone is projected to grow at a 12.3% CAGR from 2025 to 2029. This is further supported by continuous product innovation and government incentives promoting energy-saving products.

Distribution Channel Insights

Electronic stores led the market with a revenue share of 47.4% in 2024. Major brands like Electrolux, LG, and Samsung leverage these extensive retail networks, offering a broad product range from major to small appliances. Consumers trust these stores for genuine products, after-sales service, and expert advice. Urban centers like Bangkok drive demand due to concentrated retail infrastructure. Electronic stores frequently run promotions, supporting the growing demand for smart and energy-efficient appliances by showcasing advanced products and facilitating exclusive releases.

Thailand Household Appliances Market Share

Online distribution channels are anticipated to witness the fastest CAGR of 7.9% over the forecast period. Online platforms, notably Shopee and Lazada, significantly drive household appliance demand in Thailand by offering unparalleled convenience and accessibility. These platforms enable consumers to browse, compare easily, and purchase products from anywhere, further enhanced by nationwide delivery and simple return policies. Competitive pricing, frequent flash sales, and exclusive promotions make appliances more affordable. The extensive product variety, detailed information, and user reviews facilitate informed decisions. This shift is accelerated by increasing urbanization and tech-savvy consumers, who favor the innovative and smart appliances readily available online.

Key Thailand Household Appliances Company Insights

Some key companies operating in the market include TCL; Haier Group; LG Electronics; Samsung; Mitsubishi Electric Corporation; Whirlpool Corporation; and Electrolux AB; among others.

Thailand Household Appliances Market Share Analysis, 2024

  • TCL is a global technological brand operating in over 160 countries, known for TVs, smart air conditioners, energy-efficient washing machines, refrigerators, and small appliances. Its smart home ecosystem, centered on the TCL HOME app and TVs, integrates devices for seamless control, focusing on innovation and affordability.

  • LG Electronics offers smart kitchen appliances (microwaves, refrigerators, dishwashers), and technological innovations such as AI Drive 4.0 washers, indoor gardening solutions, and the Q9 Self-Driving AI Home Hub. One of their offerings is the ThinQ ON hub that centralizes control, integrating LG and third-party devices, embodying LG's vision for empathetic, responsive technology enhancing daily life.

Key Thailand Household Appliances Companies:

  • TCL
  • Haier Group
  • LG Electronics
  • Samsung
  • Mitsubishi Electric Corporation
  • Whirlpool Corporation
  • Electrolux AB

Recent Developments

  • In September 2024, Haier broke ground on an approximately USD 305.7 million air conditioner plant in Chonburi, Thailand, aiming for 6 million units annually by 2027.

  • In September 2024, LG Electronics (Thailand) unveiled its new Bangkok office, marking its full transition to a "Smart Life Solution Company."

  • In August 2024, Electrolux Group inaugurated its regional commercial hub in Bangkok, Thailand, strengthening its APMEA presence.

Thailand Household Appliances Market Report Scope

Report Attribute

Details

Revenue forecast in 2030

USD 6.68 billion

Growth rate

CAGR of 8.1% from 2025 to 2030

Base year for estimation

2024

Historical data

2018 - 2023

Forecast period

2025 - 2030

Quantitative units

Revenue in USD million/billion and CAGR from 2025 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, trends

Segments covered

Product, distribution channel

Country scope

Thailand

Key companies profiled

TCL; Haier Group; LG Electronics; Samsung; Mitsubishi Electric Corporation; Whirlpool Corporation; Electrolux AB

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Thailand Household Appliances Market Report Segmentation

This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the Thailand household appliances market report based on product and distribution channel:

  • Product Outlook (Revenue, USD Million, 2018 - 2030)

    • Major Appliances

      • Water Heater

      • Dishwasher

      • Refrigerator

      • Cooktop, Cooking Range, Microwave, and Oven

      • Vacuum Cleaner

      • Washing Machine and Dryers

      • Air Conditioner

    • Small Appliances

      • Coffee Makers

      • Toasters

      • Juicers, Blenders and Food Processors

      • Hair Dryers

      • Irons

      • Deep Fryers

      • Space Heaters

      • Electric Trimmers and Shavers

      • Air Purifiers

      • Humidifiers & Dehumidifiers

      • Rice Cookers & Steamers

      • Air Fryers

  • Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

    • Hypermarkets & Supermarkets

    • Electronic Stores

    • Exclusive Brand Outlets

    • Online

    • Others

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