Household Appliance Stores Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 7/15/2024
SIC Codes: 5722
NAICS Codes: 4492, 44921
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Household Appliance Stores Industry Profile

Companies in this industry sell household appliances, both major and small, from physical retail locations. No major companies dominate the industry.

Global demand for household appliances depends on consumer spending in major markets such as the US and Western Europe. Revenue in the market is expected to grow annually by 4.8% between 2024 and 2029, according to Statista. China is expected to remain the leading producer and purchaser of major home appliances.

The US household appliance store industry includes about 7,500 establishments (single-location companies and units of multi-location companies) with combined annual revenue of more than $15 billion.


Demand is driven by home sales, home remodeling, replacement due to product failure, and technological innovation. The profitability of individual companies depends on effective marketing and merchandising. Large companies can negotiate volume discounts from manufacturers. Small companies can compete effectively by offering superior customer service or specializing in product segments. The US industry is fragmented: the 50 largest companies account for less than 50% of industry sales.

Major competitors of freestanding household appliance stores include home improvement stores (Lowe's, Home Depot); consumer electronics stores (Best Buy); warehouse clubs (Costco, Sam's); and mass merchandisers (Walmart, Target), as well as online giant sells household appliances.

Fierce retail competition and an abundance of low-priced imports have driven down prices of household appliances in the US. US household and kitchen appliances imports are mainly from ...

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