Market Size of United States Major Home Appliances Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 33.44 Billion |
| Market Size (2029) | USD 38.64 Billion |
| CAGR (2024 - 2029) | 2.93 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Major Home Appliances Market Analysis
The United States Major Home Appliances Market size is estimated at USD 33.44 billion in 2024, and is expected to reach USD 38.64 billion by 2029, growing at a CAGR of 2.93% during the forecast period (2024-2029).
The changing consumer lifestyle and growing economic pressure increased the growth rate of the primary major home appliance industry in the United States. The increasing adoption of advanced technology also boosts the growth of the market. The penetration of digital technologies initiated the development of energy-efficient appliances, which help perform functions with less energy consumption. Factors like rising disposable income, improving living standards, and the need for comfort are the primary drivers of the growth of major home appliances in the United States.
The increasing penetration of distribution channels such as specialty stores, brand outlets, e-commerce, and supermarkets contributes to the growth of the United States' primary home appliance industry. The demand for major household appliances like dishwashers, washing machines, and mixer grinders increased due to consumers' sedentary, busy lifestyles.
The United States manufacturers have integrated advanced technologies like artificial intelligence, AR/VR, the Internet of Things, and robotics in significant home appliances to enhance consumer experience and boost the market's growth. Regularly introducing new home products with the latest advanced and innovative features increases consumers' demand and promotes sales of major home appliances.
