United States Built-in Kitchen Appliances Market to Grow at a CAGR of 5.12% through 2027F
Increasing product innovation and
rising demand for modular kitchen appliances will drive the growth of the
United States' built-in kitchen market through 2027.
According to
TechSci Research report, “United
States Built-in Kitchen Appliances Market –Industry Size, Share, Trends, Competition,
Opportunity, and Forecast, 2017-2027” The United States
built-in kitchen appliances market is forecast to grow at an impressive CAGR of
5.12% in the forecast period due to rapidly surging demand from the kitchen
appliances industry.
The market's
growth is stimulated by various factors, such as the growing popularity of
built-in kitchen appliances among consumers and the increasing disposable
income of consumers, which increases consumers' purchasing power. In the
projected period, the demand for built-in kitchen appliances is likely to
register good growth due to the increasing working population and the
increasing demand for appliances among the people.
The market still
has a vast scope with the large younger generation population, which is always
curious to try new things. The built-in kitchen appliances themselves also
encourage millennials who want to save the extra space in the kitchen.
According to the latest survey conducted by Sharp USA, over 65% of Americans
own at least one smart gadget, indicating that most customers find these modern
helpers useful in their everyday jobs and activities.
Browse over 26
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States Built-in Kitchen Appliances Market"
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The United States
built-in kitchen appliances market is segmented based on product type,
distribution channel, and region. In terms of product type, the market is
segregated into built-in ranges, hobs, hoods, dishwashers, refrigerators,
ovens/microwaves, and others (barbeque grillers, coffee machines, beverage
centers, etc.). The built-in ranges segment accounted for a market share of
more than 21% in 2021. However, built-in dishwasher appliances are the fastest
growing because consumer preferences have shifted toward integrated dishwashers
to save space. Moreover, built-in ovens and microwaves first gained popularity
in the 1980s as part of a push by major manufacturers like GE and Panasonic to
create complete kitchens with all the necessary appliances included. Still, the
product has since grown in popularity among consumers due to its convenience in
quickly preparing food without taking up counter space. The distribution
channel segment is divided into contract sales, exclusive stores,
supermarkets/hypermarkets, and online channels. The contract sales channels are
expected to dominate the built-in kitchen appliances market. The preference for
interconnection between the contractual manufacturers majorly influences the
built-in kitchen appliances within the household of the American people.
Key market
players in the United States Built-in Kitchen Appliances market includes:
Electrolux Home
Products, Inc.
Whirlpool
Corporation
Samsung
Electronics America, Inc.
Haier U.S.
Appliance Solutions, Inc.
LG Electronics
USA, Inc.
Danby Products
Limited
Panasonic
Corporation
AB Electrolux
Hitachi, Ltd.
ATL International
LLC (Koninklijke Philips N.V.)
Whirlpool
Corporation is a home-grown manufacturer and supplier of built-in kitchen
appliances. It is among the first few companies to capture various top-notch
brands under its portfolio, such as Jenn-Air, Amana, KitchenAid, Maytag, and
Whirlpool. With its brand Whirlpool, the company became one of the top players
in its portfolio, with almost all categories of built-in kitchen appliances.
The portfolio for built-in kitchen appliances includes a wide variety of
technological advancements like artificial intelligence, sensor-based
technology, and a few other features by various brands such as Electrolux,
Whirlpool, and Samsung, which has caused competition to offer a wide variety to
choose from among customers.
The United States
built-in kitchen appliances market has been segmented into the south, west,
mid-west, and northeast regions. The southern part of the United States is
expected to lead the market because of the increased usage of modern
technologies such as the internet of things (IoT), artificial intelligence, and
better availability of internet connectivity in many households in the region.
Furthermore, important southern states such as Florida, Texas, Georgia,
Virginia, Tennessee, and others have increased internet accessibility, likely
contributing to the country's market growth throughout the forecast period.
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“The concern of
consumers toward a healthy lifestyle without compromising their tastes is
influencing the living standards like built-in kitchen appliances. The factors
that influenced the growth of built-in kitchen appliances are widespread demand
for kitchen remodeling through the tie-up of brands like LG and Whirlpool with
well-known home improvement companies like Lowe's and Home Depot, and trends
across the United States as influencing factors for the built-in kitchen
appliances market.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“United States Built-in Kitchen Appliances Market By Product Type (Built-in
Ranges, Built-in
Hobs, Built-in Hoods, Built-in Dishwashers, Built-in Refrigerators, Built-in
Ovens & Microwaves, Others (Barbeque Griller, Coffee Machine, Beverage
Center, etc.)), By Distribution Channel (Contract Sales, Exclusive Stores,
Supermarket & Hypermarket, Online Channels), By Region (South, West,
Mid-West, North-East), By Top 10 Leading States, Competition, Forecast &
Opportunities, 2017-2027”, has evaluated the future
growth potential of built-in kitchen appliances in the United States and provides statistics and information on market structure,
size, share and future growth. The report is intended to provide cutting-edge
market intelligence and help decision makers take sound investment decision.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities present in United States built-in
kitchen appliances market.
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