PUBLISHER: Grand View Research | PRODUCT CODE: 1790127
PUBLISHER: Grand View Research | PRODUCT CODE: 1790127
The Philippines household appliances market size was estimated at USD 5.74 billion in 2024 and is projected to grow at a CAGR of 7.4% from 2025 to 2030. The growth is attributed to urbanization and housing development. Growing demand for residential properties, especially in urban areas, is leading to increased sales of essential appliances like refrigerators, air conditioners, and washing machines. Compact living spaces in condominiums and apartments create a need for space-efficient and multifunctional products. Developers often include appliance packages in new housing projects, further boosting sales. Changing home environments and modern lifestyle expectations also push consumers to upgrade to advanced and stylish appliances, contributing to sustained market growth nationwide.
Younger consumers prioritize design, innovation, and efficiency, leading to a surge in demand for technologically advanced products. These lifestyle shifts are influencing frequent upgrades and broader product adoption across households, accelerating the overall growth trajectory of the market. In July 2024, Samsung introduced its latest Bespoke AI appliances, including a side-by-side refrigerator, washing machine, and all-in-one smart oven. These smart home solutions are tailored to meet the changing needs of Filipino households.
Energy efficiency and the rapid growth of e-commerce are reshaping the Philippines household appliances industry. High electricity costs push consumers toward energy-saving models, especially those with inverter technology and eco-label certifications. E-commerce platforms make appliances more accessible across regions, offering convenience, price comparisons, and home delivery. Promotions, digital payment options, and online-exclusive models further encourage purchases. Consumer trust in online shopping is rising, making it a vital channel for purchasing major and small appliances. In May 2024, Haier introduced its latest Smart Home Solutions, designed to transform and elevate everyday living in Filipino households through advanced, innovative appliance technology.
Global Philippines Household Appliances Market Report Segmentation
This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the Philippines household appliances market report based on product and distribution channel: