Canada Home Appliance Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 5.04 Billion |
| Market Size (2029) | USD 6.40 Billion |
| CAGR (2024 - 2029) | 4.90 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Canada Home Appliance Market Analysis
The Canada Home Appliances Market size is estimated at USD 5.04 billion in 2024, and is expected to reach USD 6.40 billion by 2029, growing at a CAGR of 4.90% during the forecast period (2024-2029).
Consumer purchasing behaviour has shifted towards e-commerce platforms for home appliance acquisitions, with a reliance on online reviews and product comparisons. To adapt, retailers have expanded their online presence and improved delivery services. Additionally, the Canadian government's introduction of economic stimulus packages and financial aid programs has alleviated some pandemic-induced challenges by bolstering consumer spending power.
Innovation is a major driver of growth in the Canadian home appliances market, with a focus on energy efficiency and multi-utility features to cater to a younger customer base. Products with smart features and aesthetically pleasing designs are gaining popularity, aligning with environmental sustainability initiatives and consumer preferences for eco-friendly options.
Replacement sales are propelled by products offering enhanced quality, lower power consumption, reduced emissions, and technological advancements. There is a notable increase in demand for smart appliances that offer connectivity, wireless capabilities, and user-friendly interfaces across Canada.
Appliances equipped with built-in inverters or rechargeable features are witnessing increased sales. Furthermore, the growing penetration of e-commerce has facilitated convenient shopping experiences, allowing consumers to compare brands, features, and prices seamlessly. This shift towards online shopping is driven by the convenience of delivery services and the ease of product selection, contributing to the market's growth trajectory.
Canada Home Appliance Market Trends
Small Home Appliances are Dominating the Sales Volume of the Market
- Small home appliances, like vacuum cleaners, coffee makers, toasters, hairdryers, curlers, kettles, steam units, and fryers, are less affected by the imbalanced financial situation when compared to large appliances, like refrigerators, washing machines, dryers, freezers, dishwashers, and microwave ovens.
- The market for these small home appliances is expected to increase, owing to factors like affordable prices, their lower presence rate in the market, the improving innovation and automation they hold, and the perfection they bring to the job.
- These products ease people's lives by taking a huge load off the working population (around 66.12%), which comforts consumers by minimizing the time they spend on their respective tasks. Multi-utility appliances are catching the attention of consumers more than regular appliances, which have limited utility.
Multi-Utility and Technically Advanced Appliances Grabbing a Higher Portion of the Market Share
- The rise in disposable income and increasing urbanization are paving the way for multifunctional, technologically advanced, smart, and connected appliances, as consumers prefer to transform their homes into a place where they can monitor their appliances, even when they are away from them.
- Appliances that can be operated through different types of connectivity have been gaining popularity over the past few years, and this trend is expected to continue in the forecasted period as well.
Canada Home Appliance Industry Overview
The report covers major international players operating in the Canadian home appliances market. The country has moderate scope for newcomers to enter. However, the new players can target the market by providing higher-quality small appliances. By offering complete innovation in the products offered, the existing players can bring about a great change in their market share. Some of the major players in this market are Whirlpool Corporation, Electrolux AB, Samsung Electronics, Panasonic Corporation, and LG Electronics.
Canada Home Appliance Market Leaders
Whirlpool Corporation
Electrolux AB
Samsung Electronics
Panasonic Corporation
LG Electronics
*Disclaimer: Major Players sorted in no particular order
Canada Home Appliance Market News
- April 2023: Samsung Electronics announced the opening of a new online store for its B2B customers in Germany. The new store will be added to expand to 30 countries worldwide. Samsung's B2B online store is a service within Samsung.com providing products and solutions, as well as purchase benefits - all dedicated to small and medium-sized businesses (SMBs).
- November 2022: Whirlpool Corporation announced the completion of its acquisition of InSinkErator, the world's largest manufacturer of food waste disposers and instant hot water dispensers for home and commercial use, from Emerson.
Canada Home Appliance Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Usage of Smart Home Appliances is Increasing
4.2.2 Technological Innovations are Driving the Market
4.3 Market Restraints
4.3.1 High Maintainance Costs
4.4 Market Opportunities
4.5 Supply Chain/ Value Chain Analysis
4.6 Porter's Five Forces Analysis
4.7 Technology Innovations in the Industry
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 Major Appliances
5.1.1 Refrigerators
5.1.2 Freezers
5.1.3 Dishwashing Machines
5.1.4 Washing Machines
5.1.5 Cookers and Ovens
5.2 Small Appliances
5.2.1 Vacuum Cleaners
5.2.2 Small Kitchen Appliances
5.2.3 Hair Clippers
5.2.4 Irons
5.2.5 Toasters
5.2.6 Grills and Roasters
5.2.7 Hair Dryers
5.2.8 Other Small Appliances
5.3 By Distribution Channel
5.3.1 Multi-brand Stores
5.3.2 Exclusive Stores
5.3.3 Online
5.3.4 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Whirlpool Corporation
6.1.2 Electrolux AB
6.1.3 LG Electronics
6.1.4 Samsung Electronics
6.1.5 Panasonic Corporation
6.1.6 Haier Electronics Group Co. Ltd
6.1.7 Robert Bosch GmbH
6.1.8 Viking Range, LLC
6.1.9 Kenmore
6.1.10 Other Companies (Danby, Hamilton Beach Brands Inc., and Black+Decker Inc.)*
- *List Not Exhaustive
7. FUTURE OF THE MARKET
8. DISCLAIMER AND ABOUT US
Canada Home Appliance Industry Segmentation
"A home appliance, also referred to as a domestic appliance, an electric appliance, or a household appliance, is a machine that assists in household functions such as cooking, cleaning, and food preservation. Appliances are divided into three types: small appliances, major appliances, and consumer electronics.
The Canadian home appliances market is segmented by major appliances, small appliances, and distribution channels. By major appliances, the market is sub-segmented into refrigerators, freezers, dishwashing machines, washing machines, and cookers and ovens. By small appliances, the market is sub-segmented into vacuum cleaners, small kitchen appliances, hair clippers, irons, toasters, grills and roasters, hair dryers, and other small appliances. By distribution channels, the market is sub-segmented into multi-brand stores, exclusive stores, online, and other distribution channels. The report offers market size and forecasts for Canada's home appliances market in value (USD) for all the above segments."
| Major Appliances | |
| Refrigerators | |
| Freezers | |
| Dishwashing Machines | |
| Washing Machines | |
| Cookers and Ovens |
| Small Appliances | |
| Vacuum Cleaners | |
| Small Kitchen Appliances | |
| Hair Clippers | |
| Irons | |
| Toasters | |
| Grills and Roasters | |
| Hair Dryers | |
| Other Small Appliances |
| By Distribution Channel | |
| Multi-brand Stores | |
| Exclusive Stores | |
| Online | |
| Other Distribution Channels |
Canada Home Appliance Market Research FAQs
How big is the Canada Home Appliances Market?
The Canada Home Appliances Market size is expected to reach USD 5.04 billion in 2024 and grow at a CAGR of 4.90% to reach USD 6.40 billion by 2029.
What is the current Canada Home Appliances Market size?
In 2024, the Canada Home Appliances Market size is expected to reach USD 5.04 billion.
Who are the key players in Canada Home Appliances Market?
Whirlpool Corporation, Electrolux AB, Samsung Electronics, Panasonic Corporation and LG Electronics are the major companies operating in the Canada Home Appliances Market.
What years does this Canada Home Appliances Market cover, and what was the market size in 2023?
In 2023, the Canada Home Appliances Market size was estimated at USD 4.79 billion. The report covers the Canada Home Appliances Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Canada Home Appliances Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Canada Home Appliance Industry Report
Statistics for the 2024 Canada Home Appliance market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada Home Appliance analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
