The US consumer appliances market is anticipated to grow at a CAGR of 5.1% during the forecast period. The market growth is mainly driven by the increasing expenditure of consumers on the modernization of appliances owing to the high disposable income. The consumer appliance companies also focus on the introduction of new and advanced appliances to engage a more customer base.
Further, a significant trend toward connected devices has been witnessed in the US in the last decade. Moreover, the increasing consumer appliance company’s activities on different sales channels such as online platforms, contract sales, among others will also influence the US consumer appliances industry growth.
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Furthermore, the popularity of various electric cooking appliances has penetrated strongly across the country owing to the changing lifestyle of the consumers with the increasing dependency on smart cooking. This is also expected to drive the US consumer appliance market growth. Moreover, a trend toward energy-efficient devices will be witnessed during the forecast period. However, the increased costs for raw material, logistics, and trade tariffs are significantly challenging the growth of the consumer appliance market across the country.
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Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered-
- By Product Type
- By Usage
- By Distribution Channel
- Regions Covered- The US
- Competitive Landscape-Apple Inc., Robert Bosch GmbH, Whirlpool Corp., AB Electrolux, Samsung Electronics Co. Ltd., Haier Group
Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Recovery Timeline
- Deviation from the pre-COVID-19 forecast
- Most affected segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
US Consumer Appliances Market Report Segment
By Product Type
- Air Solution
- Entertainment
- Laundry & Cleanliness
- Connectivity
- Water Solution
- Kitchen Appliances
- Grooming Accessories
- Wearables
- Other Consumer Appliances
By Usage
- Personal Care/Individual
- Domestic Use
By Distribution Channel
- Online
- Offline
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
