Leading appliances companies by revenue 2023

In 2023, six household appliances manufacturers worldwide surpassed 10 billion U.S. dollars in revenue with Haier Smart Home leading the ranking with around 35 billion U.S. dollars. The other companies with annual revenues north of 10 billion U.S. dollars are LG, Whirlpool, Midea, BSH Home Appliances, and Electrolux.

European and Chinese companies lead the way

The major players shown in the statistic are located in Europe and China with LG (South Korea) and Whirlpool (United States) as the exception. Midea and Haier Smart Home are Chinese companies, while BSH Home Appliances, Electrolux, Groupe SEB, and Arcelik are headquartered in Europe. The strong position of some of the European companies stems in part from their long-standing market presence providing them with strong brand recognition.

Home appliances segments

The home and household appliances market is made up of two major segments: major and small appliances. The major appliances category includes amongst others refrigerators, freezers, stoves, cookers, ovens, washing machines, dryers, and dishwashers. Examples of small appliances on the other hand are coffee machines, food processors, vacuum cleaners, microwaves, and blenders. The overall revenue of household appliances across all categories worldwide is forecast to reach 670 billion U.S. dollars by 2024.

Leading home appliances manufacturers worldwide in 2023, by revenue (in billion U.S. dollars)

Characteristic	Revenue in billion U.S. dollars
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Release date

May 2024

More information

Region

Worldwide

Survey time period

2023

Special properties

Data was compiled from company financial reports

Supplementary notes

All figures have been rounded to provide a better understanding of the statistic. The country in brackets indicates where the company has its headquarter.
For companies that report their data in a currency other than U.S. dollars the data was converted to U.S. dollars at the currency rates shown below:

LG Electronics - KRW to USD at an exchange rate of 1 KRW - 0.00077 USD (December 31, 2023). Figure shown in the graph includes LG Electronics' revenue from its home appliance & air solutions segment.

Midea Group - CNY to USD at the exchange rate of 1 CNY - 0.14 USD (December 31, 2023). Figure shown in the graph includes Midea's revenue from its consumer electronics appliances segment.

BSH Home Appliances - EUR to USD at the exchange rate of 1 EUR - 1.1 USD (December 31, 2023).

Electrolux - SEK to USD at the exchange rate of 1 SEK - 0.099 USD (December 31, 2023)

Haier Smart Home - CNY to USD at the exchange rate of 1 CNY - 0.14 USD (December 31, 2023).

Groupe SEB - EUR to USD at the exchange rate of 1 EUR - 1.1 USD (December 31, 2023).

Arcelik EUR to USD at the exchange rate of 1 EUR - 1.1 USD (December 31, 2023).