In this article we are going to list the 5 biggest home appliance companies in the world. For a detailed coverage of this topic and a more comprehensive list please take a look at the 15 Biggest Home Appliance Companies in the World.
5. Williams-Sonoma, Inc. (NYSE:WSM)
Total market cap of the company as at 16th December 2022 (in millions): 7,750
Total revenue of the company TTM (in millions): 8,722
Total profits from continuing operations of the company TTM (in millions): 1,176
Total assets of the company (in millions): 4,626
Williams-Sonoma, Inc. (NYSE:WSM) is the second-largest American appliances company and is one of the largest home appliance companies in the world. Selling kitchenware and home furnishings, Williams-Sonoma, Inc. (NYSE:WSM) has more than 600 stores and has distribution operations in at least 60 countries globally with some of its biggest brands including Williams Sonoma and Pottery Barn. Williams-Sonoma, Inc. (NYSE:WSM) is one of the biggest e-commerce retailers in the U.S.
4. Whirlpool Corporation (NYSE:WHR)
Total market cap of the company as at 16th December 2022 (in millions): 7,840
Total revenue of the company TTM (in millions): 20,616
Total profits from continuing operations of the company TTM (in millions): 383
Total assets of the company (in millions): 20,285
Whirlpool Corporation (NYSE:WHR) is the largest appliances manufacturer in the United Stats. Whirlpool Corporation (NYSE:WHR) has around 78,000 employees and some of its biggest and most popular brands include Gladiator GarageWorks, KitchenAid, JennAir, Inglis, Indesit and Consul. Whirlpool Corporation (NYSE:WHR) operates nine manufacturing facilities in the United States and has consistently reduced its carbon footprint over the past few years.
3. Gree Appliances
Total market cap of the company as at 16th December 2022 (in millions): 26,870
Total revenue of the company TTM (in millions): 28,463
Total profits from continuing operations of the company TTM (in millions): 3,689
Total assets of the company (in millions): 45,839
Gree Appliances is a Chinese appliances company which is considered to be the biggest air conditioner manufacturer in the world. In addition to air conditions, Gree Appliances is also engaged in the manufacturing of induction cookers, water dispensers, rice cookers, air purifiers and water kettles among other products.
2. Haier Smart Home Appliances
Total market cap of the company as at 16th December 2022 (in millions): 32,380
Total revenue of the company TTM (in millions): 32,631
Total profits from continuing operations of the company TTM (in millions): 31,188
Total assets of the company (in millions): 27,947
The products sold by this electronics company include air conditioners, mobile phones, refrigerators and microwave ovens among others. The company has seven main segments and according to Euromonitor, it was actually the number one global brand in major appliances for a decade from 2009 to 2018. It is also considered to be one of the biggest IoT ecosystem brands in the world. The company was only founded 38 years and has achieved massive success in a short time in a competitive industry.
1. Midea Group
Total market cap of the company as at 16th December 2022 (in millions): 54,200
Total revenue of the company TTM (in millions): 50,514
Total profits from continuing operations of the company TTM (in millions): 4,244
Total assets of the company (in millions): 55,642
Topping the list of the 15 biggest home appliance companies in the world is Midea Group, which is a Chinese company. Employing more than 150,000 people, Midea Group has more than 200 subsidiaries and more than 60 branches overseas and is engaged in the production of various appliances including lighting, water, floor care, small kitchen appliances, large cooking appliances, laundry and refrigeration appliances. In addition to home appliances, Midea Group is also considered to be the largest robotics manufacturer in the world. It manufactures products such as microwaves for many other companies including Toshiba and Black+Decker.
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