US Large Kitchen Appliances Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 5.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
US Large Kitchen Appliances Market Analysis
E-commerce is gaining importance in the current market scenario, as people are preferring to purchase these home appliances online with an assured guarantee from the online players. Smart large kitchen appliances are being increasingly preferred due to the expansive availability of the internet and smart home devices that can be controlled by voice and command. Among the product types in large kitchen appliances, freezers are expected to grow the highest during the forecast period given the current pandemic situation which is also driving the growth since people are stocking up on essentials.Online retail is expected to grow the fastest since customers are more attracted to home delivery, lower prices, and better deals. Changing and continuously evolving consumer buying patterns, including an increase in the percentage of consumers who are purchasing houseware online, create both opportunities and uncertainty for the growth prospects within the large appliance category, as well as for all the individual retailers and several industry participants.
US Large Kitchen Appliances Market Trends
This section covers the major market trends shaping the US Large Kitchen Appliances Market according to our research experts:
Growing Number of Households is Driving the Market
Owing to the growing number of houses and apartments in the United States, the demand for large kitchen appliances is expected to increase over the forecast period. Also, increasing home renovation activities in the country might drive the demand for large kitchen appliances in the short term. The United States home improvement industry is stronger than it has been in over ten years and encompasses the sale of building materials, appliances, décor, and other home enhancements, and the services offered by contractors, tradespeople, and other workers who help to build, install, modify, and upgrade homes. The business of homeownership represents a significant portion of the U.S. economy. With a nationwide shortage of housing and record-high home prices, more homeowners prefer to stay in their properties versus move or upgrade to new ones in the United States. During these renovation activities, consumers are most likely to upgrade their large household appliances such as refrigerators, freezers, ranges, washing machines, etc.
Increasing Disposable Income is Driving the Market
The rise in disposable income has spurred the demand for large cooking appliances within different commercial divisions including modular households. Large kitchen appliances are gaining popularity among the consumers owing to changes in lifestyles of people due to a considerable increase in disposable income. There is an increase in the demand for kitchen appliances among the household end-users owing to changes in lifestyle and an increase in disposable income. Increasing disposable income is encouraging consumers to buy fancier kitchen appliances, which will drive the large kitchen appliances market in the years ahead. As the income of the average household increases, there has been a rise in the consumer need for kitchen appliances.
US Large Kitchen Appliances Industry Overview
The report covers major international players operating in the United States Large Kitchen Appliances Market. In terms of market share, some of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.
US Large Kitchen Appliances Market Leaders
-
Whirlpool Corporation
-
LG
-
Haier
-
Samsung
-
Bosch
*Disclaimer: Major Players sorted in no particular order
US Large Kitchen 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 INSIGHTS AND DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
- 4.4 Market Opportunities
- 4.5 Value Chain / Supply Chain Analysis
-
4.6 Porters Five Force Analysis
- 4.6.1 Threat of New Entrants
- 4.6.2 Bargaining Power of Buyers/Consumers
- 4.6.3 Bargaining Power of Suppliers
- 4.6.4 Threat of Substitute Products
- 4.6.5 Intensity of Competitive Rivalry
- 4.7 Insights on Consumer Behavior and Analysis
- 4.8 Technology Integration and Trends
- 4.9 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
-
5.1 Product
- 5.1.1 Refrigerators
- 5.1.2 Freezers
- 5.1.3 Dishwashing Machines
- 5.1.4 Cookers & Ovens
- 5.1.5 Ranges
-
5.2 Distribution Channel
- 5.2.1 Specialist Retailers
- 5.2.2 Online Retailers
- 5.2.3 Supermarkets and Hypermarkets
- 5.2.4 Manufacturer Retailers
- 5.2.5 Other Distribution Channels (Department Stores, Warehouse Clubs, etc.)
-
5.3 Application
- 5.3.1 Residential
- 5.3.2 Commercial
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
-
6.2 Retailer Profiles
- 6.2.1 The Home Depot Inc
- 6.2.2 Walmart Inc
- 6.2.3 Target Corporation
- 6.2.4 Wayfair Inc
- 6.2.5 Lowe's Companies, Inc
- 6.2.6 Best Buy Co Inc
- 6.2.7 Amazon
-
6.3 Manufacturer Profiles
- 6.3.1 Whirlpool
- 6.3.2 Samsung
- 6.3.3 LG
- 6.3.4 Bosch
- 6.3.5 Electrolux AB
- 6.3.6 Haier
- 6.3.7 Midea Group
7. FUTURE OF THE MARKET
8. APPENDIX
9. DISCLAIMER
** Subject To AvailablityUS Large Kitchen Appliances Industry Segmentation
A complete background analysis of the United States Large Kitchen Appliances Market, which includes an assessment of the National accounts, economy, and the emerging market trends by segments, significant changes in the market dynamics, and the market overview is covered in the report.
| Product | Refrigerators |
| Freezers | |
| Dishwashing Machines | |
| Cookers & Ovens | |
| Ranges | |
| Distribution Channel | Specialist Retailers |
| Online Retailers | |
| Supermarkets and Hypermarkets | |
| Manufacturer Retailers | |
| Other Distribution Channels (Department Stores, Warehouse Clubs, etc.) | |
| Application | Residential |
| Commercial |
US Large Kitchen Appliances Market Research FAQs
What is the current United States Large Kitchen Appliances Market size?
The United States Large Kitchen Appliances Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in United States Large Kitchen Appliances Market?
Whirlpool Corporation, LG , Haier , Samsung and Bosch are the major companies operating in the United States Large Kitchen Appliances Market.
What years does this United States Large Kitchen Appliances Market cover?
The report covers the United States Large Kitchen Appliances Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the United States Large Kitchen Appliances Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
United States Large Kitchen Appliances Industry Report
Statistics for the 2024 United States Large Kitchen Appliances market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United States Large Kitchen Appliances analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
