Daniel Slotta
Research expert covering Greater China
Small home appliances - statistics & facts
In the vast universe of consumer goods, there exist tiny titans that command an enormous market share - small household appliances. The household appliances industry is worth several hundred billion U.S. dollars in retail sales every year and small as they are, small appliances play a big role in it. The small appliances market has been steadily growing in recent years, with a noticeable spike in 2021 which can be attributed to the increased consumer spending globally during the COVID-19 pandemic. In 2024, the market generated a record 254 billion U.S. dollars in global revenue and eis expected to grow to over 266 billion U.S. dollars in 2025.
