Increasing product innovation and rising demand for modular kitchen appliances will drive the growth of the United States' built-in kitchen market through 2027.
According to TechSci Research report, “United States Built-in Kitchen Appliances Market –Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027” The United States built-in kitchen appliances market is forecast to grow at an impressive CAGR of 5.12% in the forecast period due to rapidly surging demand from the kitchen appliances industry.
The market's growth is stimulated by various factors, such as the growing popularity of built-in kitchen appliances among consumers and the increasing disposable income of consumers, which increases consumers' purchasing power. In the projected period, the demand for built-in kitchen appliances is likely to register good growth due to the increasing working population and the increasing demand for appliances among the people.
The market still has a vast scope with the large younger generation population, which is always curious to try new things. The built-in kitchen appliances themselves also encourage millennials who want to save the extra space in the kitchen. According to the latest survey conducted by Sharp USA, over 65% of Americans own at least one smart gadget, indicating that most customers find these modern helpers useful in their everyday jobs and activities.
Browse over 26 market data Figures spread through 70 Pages and an in-depth TOC on " United States Built-in Kitchen Appliances Market"
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The United States built-in kitchen appliances market is segmented based on product type, distribution channel, and region. In terms of product type, the market is segregated into built-in ranges, hobs, hoods, dishwashers, refrigerators, ovens/microwaves, and others (barbeque grillers, coffee machines, beverage centers, etc.). The built-in ranges segment accounted for a market share of more than 21% in 2021. However, built-in dishwasher appliances are the fastest growing because consumer preferences have shifted toward integrated dishwashers to save space. Moreover, built-in ovens and microwaves first gained popularity in the 1980s as part of a push by major manufacturers like GE and Panasonic to create complete kitchens with all the necessary appliances included. Still, the product has since grown in popularity among consumers due to its convenience in quickly preparing food without taking up counter space. The distribution channel segment is divided into contract sales, exclusive stores, supermarkets/hypermarkets, and online channels. The contract sales channels are expected to dominate the built-in kitchen appliances market. The preference for interconnection between the contractual manufacturers majorly influences the built-in kitchen appliances within the household of the American people.
Key market players in the United States Built-in Kitchen Appliances market includes:
Electrolux Home Products, Inc.
Whirlpool Corporation
Samsung Electronics America, Inc.
Haier U.S. Appliance Solutions, Inc.
LG Electronics USA, Inc.
Danby Products Limited
Panasonic Corporation
AB Electrolux
Hitachi, Ltd.
ATL International LLC (Koninklijke Philips N.V.)
Whirlpool Corporation is a home-grown manufacturer and supplier of built-in kitchen appliances. It is among the first few companies to capture various top-notch brands under its portfolio, such as Jenn-Air, Amana, KitchenAid, Maytag, and Whirlpool. With its brand Whirlpool, the company became one of the top players in its portfolio, with almost all categories of built-in kitchen appliances. The portfolio for built-in kitchen appliances includes a wide variety of technological advancements like artificial intelligence, sensor-based technology, and a few other features by various brands such as Electrolux, Whirlpool, and Samsung, which has caused competition to offer a wide variety to choose from among customers.
The United States built-in kitchen appliances market has been segmented into the south, west, mid-west, and northeast regions. The southern part of the United States is expected to lead the market because of the increased usage of modern technologies such as the internet of things (IoT), artificial intelligence, and better availability of internet connectivity in many households in the region. Furthermore, important southern states such as Florida, Texas, Georgia, Virginia, Tennessee, and others have increased internet accessibility, likely contributing to the country's market growth throughout the forecast period.
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“The concern of consumers toward a healthy lifestyle without compromising their tastes is influencing the living standards like built-in kitchen appliances. The factors that influenced the growth of built-in kitchen appliances are widespread demand for kitchen remodeling through the tie-up of brands like LG and Whirlpool with well-known home improvement companies like Lowe's and Home Depot, and trends across the United States as influencing factors for the built-in kitchen appliances market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Built-in Kitchen Appliances Market By Product Type (Built-in Ranges, Built-in Hobs, Built-in Hoods, Built-in Dishwashers, Built-in Refrigerators, Built-in Ovens & Microwaves, Others (Barbeque Griller, Coffee Machine, Beverage Center, etc.)), By Distribution Channel (Contract Sales, Exclusive Stores, Supermarket & Hypermarket, Online Channels), By Region (South, West, Mid-West, North-East), By Top 10 Leading States, Competition, Forecast & Opportunities, 2017-2027”, has evaluated the future growth potential of built-in kitchen appliances in the United States and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in United States built-in kitchen appliances market.
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According to this study, over the next five years the Built-in Kitchen Appliances market will register a 6.2% CAGR in terms of revenue, the global market size will reach US$ 8580 million by 2024, from US$ 5990 million in 2019.
In particular, this report presents the global market share (sales and revenue) of key companies in Built-in Kitchen Appliances business, shared in Chapter 3.Built-in appliances, as opposed to freestanding, are both visually, and physically integrated into the cabinetry around them.
The second place is North America; following Europe with the consumption market share over 22.37% in 2016.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service.
Consequently, they take the majority of the market share of high-end market.Looking to the future years, prices gap between different brands will go narrowing.
Similarly, there will be fluctuation in gross margin.Despite the presence of competition problems, due to the global recovery trend is slightly, investor are still optimistic about this area; the future will still have more new investment enter the field.This report presents a comprehensive overview, market shares, and growth opportunities of Built-in Kitchen Appliances market by product type, application, key manufacturers and key regions and countries.Request a sample of this report @ https://www.orbisresearch.com/contacts/request-sample/2692455The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
