Latest News- Household Appliances Market in US: Major household is expected to lead the Product segment during 2025-2029

The Household Appliances Market in US is being driven by Product innovation and advancement leading to portfolio extension and product premiumization

The Household Appliances Market in US is expected to grow at a CAGR of 3.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 12578.7 million. In the dynamic US household appliances market, the preference for multifunctional and technologically advanced products is on the rise. Consumers prioritize convenience, space efficiency, and long-term value, leading to a surge in demand for multifunctional appliances. These appliances, which often carry a premium price tag, offer the ability to perform multiple tasks within a single unit, such as cooking, steaming, and air frying. Urban dwellers and younger consumers, in particular, find these appliances appealing due to their ability to optimize limited living spaces. In response, manufacturers have introduced an array of innovative products, including 2-in-1 washer-dryer combos, smart ovens with integrated air fryers, and hybrid air purifier-fan units, catering to the evolving needs of consumers. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Major household
  • Small household
• Distribution Channel
  • Offline
  • Online
• Price
  • Mid-range
  • Value-based
  • Premium
• Geography
  • US

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Product innovation and advancement leading to portfolio extension and product premiumization
• Increased adoption of integrated smart home technology
• Rise in discretionary income of consumers

However, the market also witnesses some limitations, which are as follows:

• Fluctuations in raw material prices and operating costs
• Long product lifecycle of major appliances
• Stringent regulations and standards associated with manufacturing of household appliances in US

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Market Scope in Household Appliances Market in US Research Report

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Research Analysis Overview

The Household Appliances market in the US encompasses Major Appliances, including White goods like washer-dryers, and Small Appliances for food preservation, cleaning, and cooking. Smart technology solutions, such as Artificial Intelligence and the Internet of Things, are transforming these gadgets into Smart home appliances. B2C enterprises and industry associations use Trade data and Survey results to understand Performance factors for working professionals. LG Electronics faces challenges due to the Semiconductor chip shortage. Specialty stores and Online/e-commerce platforms cater to consumers' needs for these appliances and consumer electronics. The Consumer Technology Association monitors industry trends.

Market Research Overview

The Household Appliances market in the US is a significant segment of the global market, encompassing revenue generated by B2C enterprises specializing in major and small appliances, hand tools, power tools, and garden improvement tools. Major appliances consist of large electric appliances such as refrigerators, washing machines, and dishwashers. Small appliances include gadgets like blenders, toasters, and coffee makers. Smart technology solutions are increasingly influencing market trends. Industry associations and trade data provide insights into market performance factors. Exponential trend smoothing, current exchange rates, and the needs of working professionals are key considerations. The market excludes televisions, consumer electronics, personal computers, machine tools, and agriculture equipment.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/