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Household Electrical Appliance Manufacturing in China Industry Data and Analysis
In 2025, revenue for the Household Electrical Appliance Manufacturing industry in China is expected to total $57.3 billion, up by 4.1% from 2024. Industry revenue is expected to increase at a CAGR of 1.7% over the five years through 2025. Affected by COVID-19 and the slowdown of the real estate industry, the development of house electrical appliances industry slowed down its growth, especially in 2020 and 2022, with industry revenue decreasing by 5.8% and 5.0%, respectively. In 2024, the effective stimulation policies have driven growth in industry revenue. Increasing raw material costs, reduced sales volumes due to the outbreak of COVID-19, and greater competition narrowed down profit margins of the industry. Industry profit is expected to account for 5.0% of revenue in 2025.Investment in research and development (R&D) has increased greatly in recent years, especially in the microwave oven and electric cooker segments. With the market becoming more competitive, innovation has become increasingly important.Local producers like Robam, Vanward, Vatti, Macro and Midea manufacture most of the products in the domestic market. Foreign enterprises operating in the Chinese household appliance market include Siemens and Panasonic. Over the five years through 2025, the number of operators in the industry is expected to increase at a CAGR of 1.3%. The number of industry employees is expected to increase at a CAGR of 0.5% over the same period.The industry is forecast to grow at a CAGR of 3.3% over the five years through 2030, to total $67.3 billion. The further development of high-end products in the industry will drive this growth. In addition, the launch of new favorable policies by the government will stimulate demand for industry products from households.
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What's included in this industry analysis
IBISWorld's research coverage on the Household Electrical Appliance Manufacturing industry in China includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released April 2025.
About this industry
What's this industry report about?
The Household Electrical Appliance Manufacturing industry in China operates under the industry code 3954. The industry includes companies that manufacture household electrical appliances like cookers, water heaters, steamers, fryers, range hoods, food processors, and cleaning appliances. The manufacturing of industrial stoves and other industrial household appliances are not included in this industry. Related terms covered in the Household Electrical Appliance Manufacturing industry in China include tailless electric cookers, induction and range hood.
What's included in this industry?
Products and services covered in Household Electrical Appliance Manufacturing industry in China include Kitchen ranges, Electric cookers and Range hoods.
What companies are included in this industry?
Companies covered in the Household Electrical Appliance Manufacturing industry in China include Midea Group Co., Ltd., Haier Smart Home Co., Ltd. and Zhejiang Supor Co., Ltd.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Household Electrical Appliance Manufacturing industry in China.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Household Electrical Appliance Manufacturing industry in China.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Household Electrical Appliance Manufacturing industry in China.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Household Electrical Appliance Manufacturing industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Household Electrical Appliance Manufacturing industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Household Electrical Appliance Manufacturing industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Household Electrical Appliance Manufacturing industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Household Electrical Appliance Manufacturing industry in China.
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Frequently Asked Questions
What is the market size of the Household Electrical Appliance Manufacturing industry in China in 2026?
The market size of the Household Electrical Appliance Manufacturing industry in China is $57.3bn in 2026.
How many businesses are there in the Household Electrical Appliance Manufacturing industry in China in 2025?
There are 1,248 businesses in the Household Electrical Appliance Manufacturing industry in China, which has grown at a CAGR of 1.3 % between 2020 and 2025.
How may import tariffs affect the Household Electrical Appliance Manufacturing industry in China?
The Household Electrical Appliance Manufacturing industry in China is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Household Electrical Appliance Manufacturing industry in China?
The Household Electrical Appliance Manufacturing industry in China is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Household Electrical Appliance Manufacturing industry in China grown or declined over the past 5 years?
The market size of the Household Electrical Appliance Manufacturing industry in China has been growing at a CAGR of 1.7 % between 2020 and 2025.
What is the forecast growth of the Household Electrical Appliance Manufacturing industry in China over the next 5 years?
Over the next five years, the Household Electrical Appliance Manufacturing industry in China is expected to grow.
What are the biggest companies in the Household Electrical Appliance Manufacturing industry in China?
The biggest companies operating in the Household Electrical Appliance Manufacturing industry in China are Midea Group Co., Ltd., Haier Smart Home Co., Ltd. and Zhejiang Supor Co., Ltd.
What does the Household Electrical Appliance Manufacturing industry in China include?
Kitchen ranges and Electric cookers are part of the Household Electrical Appliance Manufacturing industry in China.
Which companies have the highest market share in the Household Electrical Appliance Manufacturing industry in China?
The company holding the most market share in the Household Electrical Appliance Manufacturing industry in China is Midea Group Co., Ltd..
How competitive is the Household Electrical Appliance Manufacturing industry in China?
The level of competition is high and increasing in the Household Electrical Appliance Manufacturing industry in China.
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