DUBLIN–(BUSINESS WIRE)–The “United States Kitchen Appliances Market (2021-2027): Market Forecast by Type, Applications, Wattage, Applications, Regions and Competitive Landscape“ report has been added to ResearchAndMarkets.com’s offering.
The United States kitchen appliances market witnessed moderate growth in the past few years on account of increasing technological advancement, and growing adoption of kitchen appliances among households.
The housing sector in the United States is likely to witness increased demand for kitchen appliances, particularly on the account of the need to save time and effort. Further, improvement in living standards and rising disposable income of people are some other factors that would lead to the growth of the kitchen appliances market in the United States during the forecast period.
Furthermore, the COVID-19 pandemic has led to slow growth in the overall market scenario owing to the nationwide lockdowns imposed which have led to the conservative purchasing power of the consumers. Also, along with the same, product line ups have been ceased as factories tend to shut down to combat the spread of the novel coronavirus and this has led significantly towards the decline of the overall market value.
The United States Kitchen Appliances Market size is projected to grow at CAGR of 2.9% during 2021-2027.
There is a rapid rise in consumers’ interest in smart kitchen appliances due to which the demand for connected appliances is continuing to gain more popularity. Due to this demand, more manufacturers have started offering smart and connected appliances to attract customers from conventional products.
The players in the country dealing in kitchen appliances are concentrating more on designing innovative and user-friendly products to provide a better consumer experience. Along with this, the growing interest in remodelling the kitchen, due to changing interest, would be another key driver for the growth of the kitchen appliances market in the country.
Market Analysis By Types
Based on types, refrigerators held the largest revenue share and water purifiers held the largest volume share in the market in 2020 as more than 90% of households own refrigerators and the need for up-gradation is the most important factor driving the market in the country. Based on regions, the southern region of the United States held the largest revenue share in the market owing to high population and rising sales of new houses.
Key Attractiveness of the Report:
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2017 to 2020.
- Base Year: 2020
- Forecast Data until 2027.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- United States Kitchen Appliances Market Outlook
- United States Kitchen Appliances Market Forecast
- Historical Data and Forecast of United States Kitchen Appliances Market Revenues and Volume, for the Period 2017-2027F
- Historical Data and Forecast of Market Revenues, By Regions, for the Period 2017-2027F
- Historical Data and Forecast of United States Hand Blender Kitchen Appliances Market Revenues and Volume, for the Period 2017-2027F
- Historical Data and Forecast of United States Mixer Grinder Kitchen Appliances Market Revenues and Volume, for the Period 2017-2027F
- Historical Data and Forecast of United States
- Electric Chimney
- Microwave Oven
- Water Purifier
- Market Drivers and Restraints
- United States Kitchen Appliances Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Ecosystem
- Market Opportunity Assessment
- United States Kitchen Appliances Market Share, By Companies
- Market Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
- Market Scope and Segmentation
- Breville Group
- Electrolux AB
- Haier Group Corporation
- LG Electronic Inc.
- Miele & Cie. KG
- Robert Bosch GmbH
- Panasonic Corporation
- Samsung Electronics Co., Ltd.
- SMEG S.p.A.
- Whirlpool Corporation
For more information about this report visit https://www.researchandmarkets.com/r/5hp0m5
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