Household Appliances Market in US 2023-2027

Household Appliances Market in US 2023-2027
The household appliances market in US is forecasted to grow by USD 13,039.23 million during 2022-2027, accelerating at a CAGR of 4.05% during the forecast period. The report on the household appliances market in US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by product innovation and advancement leading to portfolio extension and product premiumization, increased adoption of integrated smart home technology, and rise in discretionary income of consumers.

Technavio's household appliances market in US is segmented as below:

By Distribution ChannelOfflineOnlineBy ProductMajor household appliancesSmall household appliancesThis study identifies the increased adoption of multi- and advanced products as one of the prime reasons driving the household appliances market in US growth during the next few years. Also, growing adoption of smart household appliances and growing smartphone penetration and increasing internet speed will lead to sizable demand in the market.

The report on the household appliances market in US covers the following areas:household appliances market in US sizinghousehold appliances market in US forecasthousehold appliances market in US industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading household appliances market in US vendors that include Bertazzoni Spa, Electrolux AB, Fisher and Paykel Appliances Ltd., FOTILE Overseas Kitchen Appliance Co. Ltd, Haier Smart Home Co. Ltd., Hatco Corp., Hisense India Pvt Ltd, Irobot Corp., LG Electronics Inc., Marvel Refrigeration, Miele and Cie. KG, Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Smeg S.p.a., Sub Zero Group Inc., The Middleby Corp., Whirlpool Corp., Windster Hoods, and True Manufacturing Co. Inc.. Also, the household appliances market in US analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.