This infographic highlights recent trends in major appliances and Euromonitor's projections for the industry. The global major appliances market is experiencing a resurgence with 0.5% growth, driven by the Global South, particularly Eastern Europe, South Asia and Latin America. AI integration is transforming smart appliances, focusing on climate control, cooking and energy management. The growth trajectory is expected to continue, with a 1.8% constant value CAGR over 2024-2029, as inflation tapers. However, the unpredictability of Trump tariffs and their impact on interest rates, make forecasting growth in the market difficult.
