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US Home Appliances Market - Growth, Trends, and Forecasts (2020 - 2025)

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The US home appliances market has been estimated at USD XX.XX billion in 2017 and is projected to reach USD XX.XX billion by 2022, growing at a CAGR of XX.XX% during the forecast period from 2017 to 2022. Technological innovation has improved the standard of living of people across the world. An astronomical change in the way of things can be observed due to the increased disposable incomes of people and the rapid urbanization trends catching up to the different parts of the world.

The market for home appliances in the US is highly saturated, with the majority of the product categories in home appliances exhibiting a high rate of penetration. Manufacturers are investing heavily in R&D for disruptive innovation, innovating on the size of products, further increasing the number of value-added services of the products. Volume growth of appliances sold was much higher than the previous several years, indicating the kind of growth to be expected in the next few years in the home appliances market. Invasion of Chinese products in the local market has led to a fierce competition and competitive pricing has led to a very active market scenario in the country.

The home appliances market has been segmented on the basis of products into kitchen appliances (electrical ranges, microwaves, cooktops, and others), refrigeration appliances (refrigerators, freezing systems, and others), washing appliances (washing machines, washer dryer, dryers, steam iron devices, and others), room comfort (air conditioners, room heaters, ceiling fans, dehumidifier, and others), water heater appliances (storage tank water heaters, solar water heaters, gamma electric iron rods, and others), cleaning appliances (vacuum cleaners, dishwashers, and others), and entertainment appliances (televisions and others).

The market for home appliances is mostly driven by kitchen appliances. With several of the world’s regions in economic troubles, including the US, home appliances are being driven forward by smaller ticket-sized appliances common in the kitchen that experienced a growth of 15% in the last two years.

The market has also been segmented on the basis of the distribution channel into direct selling, supermarkets, specialty stores, e-commerce, departmental stores, and others. Though supermarket and departmental stores have been a favorite for the consumers, e-commerce is expected to be the fastest growing distribution channel during the forecast period.

The report considers key trends that will impact the industry and profiles the leading companies with majority market share in the home appliances market. Some of the major players in home appliances market mentioned in the report are:

  • AmicaWronki S.A.
  • Arcelik A.S
  • Candy Group
  • Defy Appliances (Pty) Ltd.
  • Electrolux AB
  • Godrej Group
  • Gorenje Group
  • Haier Electronics Group Co. Ltd.
  • LG Electronics
  • Panasonic Corporation
  • Samsung Electronics
  • Viking Range, LLC
  • Whirlpool

What the Report Offers

  • Market definition for the US home appliances market, along with identification of key drivers and restraints.
  • Market analysis for the US home appliances market, with region-specific assessments.
  • Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence the market on a global and regional scale.
  • Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
  • Identification and analysis of the macro and micro factors that affect the US home appliances market on both global and regional scale.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

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