The North American consumer appliances market is anticipated to grow at a CAGR of 5.3% during the forecast period. The companies working in the North American region are considerably investing in manufacturing, re-engineering, and new product architectures. The companies are also focusing on the kitchen-related appliance owing to the presence of a huge number of potential customers with high disposable income across the region.
Additionally, the companies in the region are also efficiently performing new product launches, which in turn, are driving the demand for consumer appliances. For instance, in May 2019, GE Appliance added hot air frying mode to its CAFÉ and GE Profile lines of built-in wall ovens. This will provide its consumers with a convenient, clutter-free option for healthier eating as per the trend of healthy eating across the region.
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Additionally, the trend of eco-friendly consumer appliances is gaining considerable popularity across the region. Companies such as Bosch appliances are following the trend and going green starting from their manufacturing process to implementing green technologies in appliances. As per the company, around 40% of its patent applications are related to environmental protection and the careful use of resources. This eco-friendly consumer appliance trend is expected to drive the consumer appliance industry across the region.
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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- North America (The US, Canada)
- Competitive Landscape- General Electric, Robert Bosch GmbH, Whirlpool Corp., AB Electrolux
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 region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
North American 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.
