Market Size of United States Large Kitchen Appliances Industry
| 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 |
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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 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 |
United States Large Kitchen Appliances Market Size Summary
The United States large kitchen appliances market is experiencing a significant transformation driven by evolving consumer preferences and technological advancements. The increasing importance of e-commerce is reshaping the purchasing landscape, with consumers favoring online platforms for their convenience, competitive pricing, and assured guarantees. The trend towards smart large kitchen appliances is also on the rise, facilitated by the widespread availability of internet connectivity and smart home devices that offer voice and command control. Among the various product categories, freezers are anticipated to witness substantial growth, influenced by the ongoing pandemic as consumers stock up on essentials. The rapid expansion of online retail is expected to continue, as it aligns with the growing consumer demand for home delivery and attractive deals. This shift in consumer buying patterns presents both opportunities and challenges for retailers and industry participants in the large appliance sector.
The demand for large kitchen appliances in the United States is projected to increase, driven by the growing number of households and apartments, as well as a surge in home renovation activities. The robust home improvement industry, encompassing the sale of building materials, appliances, and home enhancements, plays a crucial role in the U.S. economy. With a nationwide housing shortage and high home prices, many homeowners are opting to renovate rather than relocate, leading to upgrades in large household appliances. Additionally, rising disposable incomes are fueling the demand for sophisticated kitchen appliances, as consumers seek to enhance their lifestyles. This trend is particularly evident among household end-users, where increased income levels are driving the purchase of fancier kitchen appliances. The market is characterized by the presence of major international players, but technological advancements and product innovations are enabling mid-size to smaller companies to expand their market presence by securing new contracts and exploring new markets.
United States Large Kitchen Appliances Market Size - Table of Contents
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1. MARKET INSIGHTS AND DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Market Opportunities
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1.5 Value Chain / Supply Chain Analysis
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1.6 Porters Five Force Analysis
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1.6.1 Threat of New Entrants
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1.6.2 Bargaining Power of Buyers/Consumers
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1.6.3 Bargaining Power of Suppliers
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1.6.4 Threat of Substitute Products
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1.6.5 Intensity of Competitive Rivalry
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1.7 Insights on Consumer Behavior and Analysis
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1.8 Technology Integration and Trends
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1.9 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 Product
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2.1.1 Refrigerators
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2.1.2 Freezers
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2.1.3 Dishwashing Machines
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2.1.4 Cookers & Ovens
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2.1.5 Ranges
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2.2 Distribution Channel
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2.2.1 Specialist Retailers
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2.2.2 Online Retailers
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2.2.3 Supermarkets and Hypermarkets
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2.2.4 Manufacturer Retailers
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2.2.5 Other Distribution Channels (Department Stores, Warehouse Clubs, etc.)
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2.3 Application
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2.3.1 Residential
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2.3.2 Commercial
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United States Large Kitchen Appliances Market Size 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.
