Market Size of United States Small Home Appliances Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 1.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
US Small Home Appliances Market Analysis
The Coronavirus Disease Pandemic (COVID-19) has affected all parts of the world. The coronavirus has not only taken several lives but has also affected the global economic structure. The growing popularity of the work-from-home style of working among corporate professionals for disease prevention purposes has gained traction in the consumer's interest in doing various cooking activities. Time-saving small cooking appliances such as bread makers and electric grills have been on the rise as consumers limit their foodservice experiences.
Small appliances are semi-portable or portable machines and are generally used on platforms such as counter-tops and tabletops. Some of the small appliances are air purifiers, humidifiers & dehumidifiers, blenders, clothes steamers & iron, electric kettles & coffee machines, and others.
The United States is the world's foremost producer and the largest market for home appliances. United States' small home appliances market has been gaining prominence on account of devices enhanced with smart sensors and the Internet of things enabled technology, meaning that the devices can be controlled and monitored remotely through mobile applications. The companies in the United States home appliances market are investing heavily in designing innovative and user-friendly products to provide the consumer better and gain a larger market share in an extremely competitive market scenario.
The market is anticipated to grow owing to the increased technological advancements in the appliances. Consumers are strongly attracted to appliances that complete core functions effectively and can help them save time in their increasingly busy days. Small appliances manufacturers are maintaining growth by increasing the functions of some models. Technology advancements to reduce energy consumption, and its impact on the environment, along with smart operating features will consistently propel the market enlargement.
