Market Size of United States Laundry Appliances Industry
| Study Period | 2024-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 7.80 Billion |
| Market Size (2029) | USD 9.43 Billion |
| CAGR (2024 - 2029) | 3.86 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Laundry Appliances Market Analysis
The United States Laundry Appliances Market size is estimated at USD 7.80 billion in 2024, and is expected to reach USD 9.43 billion by 2029, growing at a CAGR of 3.86% during the forecast period (2024-2029).
In the past few years, due to increasing disposable income and improved standards of living, there has been a robust demand for laundry appliances in the United States market. Technological advancement has empowered producers to add innovative product features to boost performance and set themselves apart from competitors. Today, consumers are provided with various choices in the market ranging from color, shape, and design to multiple after-sales services, credit facilities, and other such benefits, providing comfort and a better experience to the user. The addition of such features will boost the United States laundry appliances market.
Sensors and other innovative technology are everywhere in the smart appliances trend. This market highly depends on real estate growth, both buying and renting refurbishment. Smaller appliances are innovating due to different housing arrangements worldwide. The smart home market is growing due to the growing penetration of smart homes in emerging and developed areas, rapid growth and evolution of IT infrastructure, shifting demographics, and the need to protect the global environment from hazardous waste such as greenhouse gases, toxic waste, etc. Smart home brands cater to the demands of the younger generation, such as millennials, gen-z, and so on. There are many opportunities for the smart home appliances market in the coming years, ranging from premium smart lights to high-tech AI (artificial intelligence) enabled smart taps.
