Home Appliances Market Surges to USD 1,344.47 Billion by 2030, Propelled by 24.8% CAGR - Verified Market Reports® [Yahoo! Finance]
Whirlpool Corporation (WHR)
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Source: Yahoo! Finance
The adoption of IoT and connected devices has further boosted market growth, as consumers prefer convenience and automated solutions. Moreover, the growth of disposable incomes globally allows households to invest in premium and innovative appliances LEWES, Del. Dec. 9, 2024 /PRNewswire/ -- The Global Home Appliances Market is projected to grow at a CAGR of 24.8% from 2024 to 2030 , according to a new report published by Verified Market Reports ® . The report reveals that the market was valued at USD 814.15 Billion in 2023 and is expected to reach USD 1,344.47 Billion by the end of the forecast period. The Home Appliances Market covers a wide range of devices designed to simplify household tasks, including cooking, cleaning, and home comfort. Driven by urbanization, rising disposable incomes, and technological advancements, the market is shifting towards energy-efficient and smart appliances. Trends such as IoT integration, sustainability, and compact designs cater to evolving con
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Sec Filings
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