The major household appliance sales in the US have shown a generally positive trend from 2013 to 2023, with a downturn only during the pandemic year of 2020. The year 2023 saw sales valued at $5.45 billion, marking a 1.46% increase from 2022. The average annual growth rate (CAGR) over the past five years is 1.58%, reflecting a steady, albeit modest, increase in sales.

Looking ahead from 2024 to 2028, sales are projected to continue on an upward trajectory, with a forecasted annual growth rate of 1.14% and an overall growth rate of 5.83% over five years.

Future trends to watch include:

Increased adoption of smart home appliances driven by technological advancements.
Consumer preference for energy-efficient and eco-friendly appliances.
Potential market disruptions due to economic conditions or global supply chain challenges.