North America Built-In Home Appliances Market Size
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 6.01 Billion |
| Market Size (2029) | USD 7.79 Billion |
| CAGR (2024 - 2029) | 5.32 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Built-In Home Appliances Market Analysis
The North America Built-In Home Appliances Market size is estimated at USD 6.01 billion in 2024, and is expected to reach USD 7.79 billion by 2029, growing at a CAGR of 5.32% during the forecast period (2024-2029).
The increased demand for built-in home appliances is due to the interest in home renovations, eco-friendliness, and smart home technologies. The rising demand for smart home devices contributes to the market's growth. Homeowners can use built-in home appliances remotely, increasing their convenience and efficiency. These technologically advanced built-in home appliances benefit the working population with busy work schedules.
The COVID-19 pandemic impacted the industry's sales due to the closure of workplaces and restrictions on supply chains and transportation. After the COVID-19 pandemic, the market's growth can be attributed to people working from home and the increased disposable income of consumers, which led to an increase in home furnishing and renovation. The market players conducted various R&D activities to improve product offerings.
The rising need for space utilization increases the demand for built-in home appliances. One of the advantages of built-in appliances is the facility to save space. The increasing trend of remodeling traditional homes to smart homes integrated with energy-efficient appliances drives the market. Consumers also invest more in home appliances due to the rising disposable income of emerging economies.
North America Built-In Home Appliances Market Trends
United States Dominates the Market
The rising demand for space utilization increases the demand for built-in home appliances in the United States. These appliances are popular in the residential sector of the United States because there is an increased demand for smart homes. The manufacturers in this region have combined factors such as innovative technology, meeting consumer preferences, and functionality.
The two factors that drive the market in the United States are efficiency and intelligent technology. Consumers are more likely to look forward to home appliances that offer advanced technology, are energy-efficient, and are controlled by smartphones or other smart devices. These factors drive the demand for built-in home appliances in the United States.
Increasing Online Sales Driving the Market
There is a massive penetration of online platforms in North America. Major online platforms like Amazon have increased sales of built-in home appliances. Many global manufacturers have been trying to penetrate the market even though entering the home appliances market in North America is tough. The factors that attract consumers to online shopping are easy returns, post-sale support provided by online retailers, and free and one-day delivery features.
Social media influences the consumer's decision-making process. Social network users use the social media platform to find product information and product reviews. Moreover, users prefer social media platforms to share reviews and product details. Therefore, increasing online sales drives the market.
North America Built-In Home Appliances Industry Overview
The North American built-in home appliances market is fragmented. The manufacturers incorporate advanced technologies such as touch controls and connectivity options, which have increased the demand for built-in appliances. Prominent market leaders have taken initiatives like mergers, acquisitions, partnerships, expansion, and product innovations to obtain strategic plans to stay ahead of the curve. The major players are Robert Bosch GmbH, AB Electrolux, Haier Smart Home Co., Ltd., Whirlpool Corporation, and Panasonic Holdings Corporation.
North America Built-In Home Appliances Market Leaders
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Robert Bosch GmbH
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AB Electrolux
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Haier Smart Home Co., Ltd.
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Whirlpool Corporation
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Panasonic Holdings Corporation
*Disclaimer: Major Players sorted in no particular order
North America Built-In Home Appliances Market News
- September 2023: Samsung launched a new oven that enables consumers to monitor internal temperature and set notifications at various cooking stages, which provides convenience.
- August 2023: LG Electronics introduced a new built-in kitchen package at IFA (Indian Finance Association) 2023. It enhanced LG's premium product lineup to solidify its position in the segment.
North America Built-In Home Appliances Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Increasing Household Disposable Income Drives the Market
- 4.2.2 Changing Lifestyles Drives the Market
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4.3 Market Restraints
- 4.3.1 Repairing Challenges
- 4.3.2 Infrastructure and Space Limitations
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4.4 Market Opportunities
- 4.4.1 Technological Advancements in Built-in Home Appliances
- 4.4.2 Durable and Energy Efficient
- 4.5 Industry Value Chain Analysis
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4.6 Industry Attractiveness - Porters' Five Forces Analysis
- 4.6.1 Threat of New Entrants
- 4.6.2 Bargaining Power of Buyers
- 4.6.3 Bargaining Power of Suppliers
- 4.6.4 Threat of Substitutes
- 4.6.5 Intensity of Competitive Rivalry
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4.7 Insights on Technological Innovation in the Market
- 4.7.1 The Integration of Internet of Things (IoT) Capabilities
- 4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Product Type
- 5.1.1 Built-in Ovens and Microwaves
- 5.1.2 Built-in Refrigerators
- 5.1.3 Built-in Hob
- 5.1.4 Built-in Hoods
- 5.1.4.1
- 5.1.5 By End User
- 5.1.5.1 Commercial
- 5.1.5.2 Residential
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5.2 By Distribution Channel
- 5.2.1 Supermarkets/Hypermarkets
- 5.2.2 Specialty Stores
- 5.2.3 E-commerce Stores
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5.3 By Geography
- 5.3.1 United States
- 5.3.2 Canada
- 5.3.3 Mexico
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concetration Overview
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6.2 Company Profiles
- 6.2.1 Robert Bosch GmbH
- 6.2.2 AB Electrolux
- 6.2.3 Haier Smart Home Co. Ltd
- 6.2.4 Whirlpool Corporation
- 6.2.5 Panasonic Holdings Corporation
- 6.2.6 Siemens AG
- 6.2.7 IFB Appliances
- 6.2.8 Danby
- 6.2.9 LG Electronics
- 6.2.10 Samsung*
- *List Not Exhaustive
7. MARKET OPPORTUNTIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
** Subject To AvailablityNorth America Built-In Home Appliances Industry Segmentation
Built-in home appliances are appliances installed in a cabinet. They are permanently installed, and built-in appliances are integrated into the home's layout so they can be customized to fit the available space.
The North American built-in home appliances market is segmented into product type, end-user, distribution channel, and geography. By product type, the market is segmented into built-in ovens and microwaves, built-in refrigerators, built-in hob, and built-in hoods. By end users, the market is segmented into commercial and residential. The market is segmented by distribution channel into supermarkets/hypermarkets, specialty stores, and e-commerce stores. The market is segmented by geography into the United States, Canada, and Mexico. The report offers market size and forecasts for the North American built-in home appliances market in value (USD) for all the above segments.
| By Product Type | Built-in Ovens and Microwaves | |
| Built-in Refrigerators | ||
| Built-in Hob | ||
| Built-in Hoods | ||
| By End User | Commercial | |
| Residential | ||
| By Distribution Channel | Supermarkets/Hypermarkets | |
| Specialty Stores | ||
| E-commerce Stores | ||
| By Geography | United States | |
| Canada | ||
| Mexico |
North America Built-In Home Appliances Market Research FAQs
How big is the North America Built-In Home Appliances Market?
The North America Built-In Home Appliances Market size is expected to reach USD 6.01 billion in 2024 and grow at a CAGR of 5.32% to reach USD 7.79 billion by 2029.
What is the current North America Built-In Home Appliances Market size?
In 2024, the North America Built-In Home Appliances Market size is expected to reach USD 6.01 billion.
Who are the key players in North America Built-In Home Appliances Market?
Robert Bosch GmbH, AB Electrolux, Haier Smart Home Co., Ltd., Whirlpool Corporation and Panasonic Holdings Corporation are the major companies operating in the North America Built-In Home Appliances Market.
What years does this North America Built-In Home Appliances Market cover, and what was the market size in 2023?
In 2023, the North America Built-In Home Appliances Market size was estimated at USD 5.69 billion. The report covers the North America Built-In Home Appliances Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the North America Built-In Home Appliances Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Built-In Home Appliances Industry Report
Statistics for the 2024 North America Built-In Home Appliances market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Built-In Home Appliances analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
