Market Size of North America Built-In Home Appliances Industry
| 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 |
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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.
