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Market Size of Retail Household Appliances in Asia-Pacific (2017-2021, $ Billion)

Industry: Electrical And Electronics Specialists
Current: Market Sizing & Shares

Asia-Pacific region in retail household appliances reached market size of $128 billion in 2021
The major Household Appliances players which have a strong dominance in Asia Pacific region includes LG Electronics, Samsung Electronics, Haier, and Bosch
China, Japan, and South Korea were the key markets for household appliances

The Household Appliance segment is a widely popular selling product category in the retail industry. The segment is categorized into different products which include household cooking appliances, household refrigerators, household laundry, and small cooking equipment.

Asia-Pacific region in retail household appliances reached market size of $128 billion in 2021 witnessing growth of 5% over the previous year. From the region, China, Japan, and South Korea were the key markets for household appliances.

China remained the market leader in the Household Appliances segment with a share of 18% of the global market size. Japan and South Korea which contributes 8% and 7% respectively to the global market size in the household appliances segment.

Key players from China, Japan, and, South Korea in household appliances include Samsung Electronics, Robam, Panasonic, Siemens, and Bosch.

Increased demand for household products due to pandemic restrictions that restricted the outdoor movement of people coupled with higher disposable Income. Moreover, nations across the globe saw further improvement in the overall demand post-pandemic Covid-19. Moreover, both brick & mortar and online businesses resumed their operations after being under restrictions for a period of almost two years

Overall, Consumer spending on retail products has increased and is expected to witness growth further in the near term on the back of the recovery from the pandemic across nations.

The major Household Appliances players which have a strong dominance in Asia Pacific region includes LG Electronics, Samsung Electronics, Haier, and Bosch.

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