Industry Statistics and Trends
Market size and recent performance (2016-2031)
Industry revenue has grown at a CAGR of 2.2 % over the past five years, to reach an estimated $680.8bn in 2026.
Trends and Insights
Smart, efficient refrigerators and freezers sales have stood out
- Revenue from refrigerators and freezers has risen the fastest as buyers upgrade to larger, premium models, such as French-door and multi-door units with flexible compartments, advanced cooling systems and attractive finishes. Concern about food waste, more frequent home cooking and demand for energy‑saving designs have all nudged households and hospitality venues toward higher‑priced cold‑storage appliances.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2026-2031)
Market size is projected to grow over the next five years.
Trends and Insights
Rising incomes in BRIC economies may support higher‑margin appliance sales
- The GDP of BRIC nations is forecast to grow at a CAGR of 4.4% through the end of 2030, while global disposable income is expected to climb at a CAGR of 2.0% over the same period. This combination points to particularly strong purchasing‑power gains in large emerging markets alongside steady income growth in mature economies.
Biggest companies in the Global Household Cooking & Appliance Manufacturing
| Company | Market Share (%)
2025 | Revenue ($m)
2025 | Profit ($m)
2025 | Profit Margin (%)
2025 |
|---|---|---|---|---|
Samsung | 29,254.4 | 3,495.2 | 11.9 | |
Midea Group Co., Ltd. | 25,528.2 | 1,558.7 | 6.1 | |
LG Electronics Inc. | 23,430.3 | 1,097.1 | 4.7 |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Laundry appliances, Refrigerators and freezers and Cooking appliances. Laundry appliances is the largest segment of the Global Household Cooking & Appliance Manufacturing.
Trends and Insights
Premium, smart fridges power outsize growth in the sales of refrigerators and freezers
- Refrigerators and freezers have grown the fastest as consumers trade up to larger, feature-rich units, including French-door and multi-door formats with flexible storage zones, improved food-preservation technology and higher energy efficiency ratings. Growing awareness of food waste, home cooking trends and premium finishes has pushed households and hospitality customers toward higher‑value models.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
Operators in the Global Household Cooking and Appliance Manufacturing industry manufacture both major and small electric appliances for household use. Products manufactured by the industry include laundry equipment, refrigerators, freezers, dishwashers, irons, food mixers, humidifiers and shavers.
What's included in this industry?
Products and services covered in the Global Household Cooking & Appliance Manufacturing industry include Manufacturing household cooking appliances , Manufacturing household laundry equipment, Manufacturing household refrigerators, Manufacturing household freezers, Manufacturing household electric dishwashers, Manufacturing household electric garbage disposal units, Manufacturing household vacuum cleaners, Manufacturing portable electric heaters, Manufacturing household water heaters and Manufacturing small household electric appliances (e.g. irons, food mixers, humidifiers and shavers) .Companies
Companies covered in the Global Household Cooking & Appliance Manufacturing industry include Samsung, Midea Group Co., Ltd. and LG Electronics Inc.Purchase this report to view all 5 major companies in this industry.
Related Terms
Related terms covered in the Global Household Cooking & Appliance Manufacturing industry include major household appliance, small household appliance and space heater.Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Big global brands are tightening their grip on the appliance market, but nimble specialists still have room to play. As giants dominate full-size ranges, smaller manufacturer...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2016-2025) and forecast (2026-2031)
- Employees, including historical (2016-2025) and forecast (2026-2031)
- Businesses, including historical (2016-2025) and forecast (2026-2031)
- Profit, including historical (2016-2026)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Direct-to-consumer appliance sales are speeding up as shoppers go straight to brands’ own websites, apps and showrooms. They’re chasing sleek, smart, energy‑efficient gear an...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2026
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2026
- Major market segmentation in 2026
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
North Asia is tightening its grip on global appliance manufacturing, with China, Japan and South Korea anchoring both production and demand for modern kitchen equipment. High...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2026
Tables
- Number and share of establishments in each region in 2026
- Number and share of revenue each region accounts for in 2026
- Number and share of wages each region accounts for in 2026
- Number and share of employees in each region in 2026
Detailed analysis
- Business Locations Charts
- Share of global output by region in 2026
- Share of population compared to output in each region in 2026
- Data tables
- Share of global output by region in 2026
- Detailed analysis
- Geographic spread of the industry across Global, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Companies compete on price and quality. Brand reputation influences consumer choices, pushing firms to improve products. Continuous innovation is critical for competitiveness...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2021-2026
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Given the size and scope of the global market for household appliances, there are no major players. Larger players may dominate different regions, but none are estimated to c...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2022 through 2026
- Major companies in the industry, including market share, revenue, profit and profit margin in 2026
- Overview of Samsung's performance by revenue, market share and profit margin from 2020 through 2026
- Overview of Midea Group Co., Ltd.'s performance by revenue, market share and profit margin from 2020 through 2026
- Overview of LG Electronics Inc.'s performance by revenue, market share and profit margin from 2020 through 2026
- Overview of revenue, market share and profit margin trend for 2 additional companies
Detailed analysis
- Description and key data for Samsung, and factors influencing its performance in the industry
- Description and key data for Midea Group Co., Ltd., and factors influencing its performance in the industry
- Description and key data for LG Electronics Inc., and factors influencing its performance in the industry
- Description, key data and performance trends for 2 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Tax breaks and consumer subsidies lower appliance costs, spur factory investment and nudge households toward energy-efficient models. Programs such as India’s PLI scheme and ...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2016-2031)
- Assistance historical data and forecast (2016-2031)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Supply chain disruptions and volatile commodity markets have pushed up the cost of metals, plastics and key electronic components for home appliance manufacturers. Even with ...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2026
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2026
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2016-2031)
- Revenue per Employee (2016-2031)
- Revenue per Enterprise (2016-2031)
- Employees per Establishment (2016-2031)
- Employees per Enterprise (2016-2031)
- Average Wage (2016-2031)
- Wages/Revenue (2016-2031)
- Establishments per Enterprise (2016-2031)
- IVA/Revenue (2016-2031)
- Imports/Demand (2016-2031)
- Exports/Revenue (2016-2031)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2016-2031)
- IVA (2016-2031)
- Establishments (2016-2031)
- Enterprises (2016-2031)
- Employment (2016-2031)
- Exports (2016-2031)
- Imports (2016-2031)
- Wages (2016-2031)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Global Household Cooking & Appliance Manufacturing industry in 2026?
The market size of the Global Household Cooking & Appliance Manufacturing industry is $680.8bn in 2026.
How many businesses are there in the Global Household Cooking & Appliance Manufacturing industry in 2026?
There are 1,808 businesses in the Global Household Cooking & Appliance Manufacturing industry, which has declined at a CAGR of 0.5 % between 2021 and 2026.
How may import tariffs affect the Global Household Cooking & Appliance Manufacturing industry?
The Global Household Cooking & Appliance Manufacturing industry is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Global Household Cooking & Appliance Manufacturing industry?
The Global Household Cooking & Appliance Manufacturing industry is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Global Household Cooking & Appliance Manufacturing industry grown or declined over the past 5 years?
The market size of the Global Household Cooking & Appliance Manufacturing industry has been growing at a CAGR of 2.2 % between 2021 and 2026.
What is the forecast growth of the Global Household Cooking & Appliance Manufacturing industry over the next 5 years?
Over the next five years, the Global Household Cooking & Appliance Manufacturing industry is expected to grow.
What are the biggest companies in the Global Household Cooking & Appliance Manufacturing industry?
The biggest companies operating in the Global Household Cooking & Appliance Manufacturing industry are Samsung, Midea Group Co., Ltd. and LG Electronics Inc.
What does the Global Household Cooking & Appliance Manufacturing industry include?
Manufacturing household cooking appliances and Manufacturing household laundry equipment are part of the Global Household Cooking & Appliance Manufacturing industry.
Which companies have the highest market share in the Global Household Cooking & Appliance Manufacturing industry?
The company holding the most market share in the Global Household Cooking & Appliance Manufacturing industry is Samsung.
How competitive is the Global Household Cooking & Appliance Manufacturing industry?
The level of competition is high and steady in the Global Household Cooking & Appliance Manufacturing industry.
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources globally include:
- United Nations Comtrade
- Organization for Economic Cooperation & Development
- World Bank
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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