Canada Home Appliances Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 6.58 Billion |
| Market Size (2029) | USD 8.70 Billion |
| CAGR (2024 - 2029) | 5.76 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Canada Home Appliances Market Analysis
The Canada Home Appliances Market size is estimated at USD 6.58 billion in 2024, and is expected to reach USD 8.70 billion by 2029, growing at a CAGR of 5.76% during the forecast period (2024-2029).
The Canadian home appliance market is witnessing a robust growth phase, primarily driven by a wave of innovation. As younger demographics amass greater wealth, their preferences tilt toward energy-efficient appliances, ones that consume less electricity and water. Additionally, there is a rising demand for appliances that offer both versatility and a touch of elegance.
Canada is also seeing an increase in high-net-worth individuals who are buying more smart appliances as part of their smart home/home automation strategies. This is helping drive the growth of the smart kitchen appliances market in Canada. In addition, the trend of replacing traditional appliances with modern and smart appliances is increasing the adoption of smart kitchen appliances across the United States, Canada, and Mexico.
The home appliance market in Canada is growing due to the increasing number of women in the workforce, urbanization, and product innovation. The rising demand for automatic washing machines makes up more than 50% of the domestic appliance market, followed by low or non-refrigerator washing machines and irons.
With a growing reliance on online reviews and product comparisons, consumers are turning to e-commerce platforms to purchase home appliances. Retailers are swiftly expanding their online presence and bolstering their delivery services. To cushion the pandemic's blow, the Canadian government rolled out several economic stimulus packages and financial aid programs aimed at supporting both businesses and individuals. These measures effectively bolstered consumer spending power, mitigating some of the market's negative impacts.
Canada Home Appliances Market Trends
Small Home Appliances are Dominating the Sales Volume of the Market
The small kitchen appliances segment of the market studied is poised for significant growth, driven by competitive pricing, a relatively untapped market, advancing innovation, and improved functionality. Small kitchen appliances hold a market share of 17% to 21% in the household appliances industry across the world. The introduction of cutting-edge offerings, notably smart kitchen appliances, is expected to further fuel this growth.
Technological advancements in the consumer appliances industry are propelling the global demand for small kitchen appliances, including smart coffee makers, air fryers, and induction cooktops. Moreover, the consumer electronics sector, particularly in Canada, is primed for substantial growth in the coming years.
Canada's Smart Home Industry is Driven by IoT and Connectivity
Canada's advanced infrastructure and widespread adoption of the Internet of Things (IoT) position it well for smart device integration in homes. This intelligent home ecosystem relies on extensive connectivity, allowing users to manage smart appliances, security systems, and energy consumption while monitoring their environmental impact. The smart home industry in Canada is influenced by the growing environmental awareness among consumers.
The smart home appliance industry is expanding, primarily due to increased demand for Wi-Fi-based technologies. These Wi-Fi-enabled appliances allow users to control and monitor devices remotely. Equipped with sensors and connected to Wi-Fi networks, these appliances enable users to manage their homes via smartphones, regardless of their location.
Canada Home Appliances Industry Overview
The Canadian home appliance market is fragmented. While the market does have some room for new entrants, the newcomers can carve a niche by focusing on high-quality small appliances. Meanwhile, the established players can bolster their market share by introducing innovative offerings. Noteworthy players in the market include Whirlpool Corporation, Electrolux AB, Samsung Electronics, Panasonic Corporation, and LG Electronics.
Canada Home Appliances Market Leaders
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Whirlpool Corporation
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Electrolux AB
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Samsung Electronics
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Panasonic Corporation
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LG Electronics
*Disclaimer: Major Players sorted in no particular order
Canada Home Appliances Market News
- February 2024: Whirlpool Corporation partnered with BORA to enhance kitchen design possibilities for 2025. Whirlpool Corporation aims to reimagine the kitchen as a space that combines technology and functionality while pushing design boundaries. Both companies share a commitment to challenging conventional approaches in kitchen design.
- April 2023: Samsung Electronics launched a new online store for its B2B customers in Germany. This store is part of Samsung's plan to expand its B2B online presence to 30 countries worldwide. The B2B online store, integrated within Samsung.com, offers products, solutions, and purchase benefits specifically tailored for small and medium-sized businesses (SMBs).
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 The Rapid Advancements in Products to Provide Convenience
4.3 Market Restraints
4.3.1 High Maintainance Costs
4.3.2 Increasing Incidents of Household Appliance Hazards/Accidents are Being Reported
4.4 Market Opportunities
4.4.1 Rising Demand for Energy-Efficient Household Appliances
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 Appliances Industry Segmentation
Home appliances are machines designed to aid in various household tasks, including cooking, cleaning, and food preservation. These appliances can be broadly classified into three categories, namely major appliances, small appliances, and consumer electronics.
The Canadian home appliance market is segmented by major appliances, small appliances, and distribution channel. By major appliances, the market is segmented into refrigerators, freezers, dishwashing machines, washing machines, and cookers and ovens. By small appliances, the market is segmented into vacuum cleaners, small kitchen appliances, hair clippers, irons, toasters, grills and roasters, hair dryers, and other small appliances. By distribution channel, the market is segmented into multi-brand stores, exclusive stores, online, and other distribution channels. The report offers market sizes and forecasts in terms of 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 6.58 billion in 2024 and grow at a CAGR of 5.76% to reach USD 8.70 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 6.58 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 6.20 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.
