The US home appliances market size is projected to expand at a substantial CAGR during the forecast period. Growth of the market is attributed to the increasing urbanization, growing working population, and emerging demand for smart appliances.
A home appliance is also known as an electric appliance, household appliance, and domestic appliance. A home appliance is a machine which helps in household work such as cleaning, food preservation, and cooking.
The Covid-19 pandemic affected the demand and supply of US home appliances market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
The report on the US home appliances market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
US Home Appliances Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2021 |
Historic Data |
2019–2020 |
Forecast Period |
2021–2028 |
Segmentation |
Types (Washing Machines, Ovens, Air Conditioners, Dishwashing Machines, Refrigerators, and Others), Small Appliances (Hair Dryers, Toasters, Irons, Small Kitchen Appliances, Hair Clippers, Grills & Roasters, Vacuum Cleaners, and Others)Distribution (Online, Multi-brand Stores Exclusive Stores, and Other) |
Country Scope |
United States |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Whirlpool Corporation; LG Electronics; Electrolux; Samsung; Haier |
Based on types, the US home appliances market is segregated into washing machines, ovens, air conditioners, dishwashing machines, refrigerators, and others. The refrigerator segment accounts for a key share of the market. Growth of the market is attributed to increasing living standards of consumers and rising awareness about advantages of home appliances. The refrigerators segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rising disposable income and changing customers focus on energy-efficient product.
On the basis of small appliances, the US home appliances market is fragmented into hair dryers, toasters, irons, small kitchen appliances, hair clippers, grills & roasters, vacuum cleaners, and others. The small kitchen appliances segment is anticipated to hold a major market share during the forecast period. Growth of the market is attributed to increasing demand for advanced & innovative products. However, the toasters segment is anticipated to expand at a rapid pace during the forecast period due to factors such as introduction of smart meters.
On the basis of distribution, the US home appliances market is segregated into online, multi-brand Stores, Exclusive Stores, and Other. The online segment accounts for a key share of the market. Growth of the market is attributed to increasing investment by emerging countries and rising demand for washing machines. The exclusive store segment is anticipated to expand at a rapid pace during the forecast period due to factors such as changing consumer preference and rising economies.
The US home appliances market is segmented on the basis of
United States
The major players in the US home appliances market include Whirlpool Corporation, LG Electronics, Electrolux, Samsung, and Haier.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and raise their production line of the business in the coming years.
The US home appliances market is segmented on the basis of
United States
The major players in the US home appliances market include Whirlpool Corporation, LG Electronics, Electrolux, Samsung, and Haier.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and raise their production line of the business in the coming years.
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