Canada Home Appliances Market Size (2024 - 2029)

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 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.