Kitchen appliances

US Kitchen Appliances Market Report 2021: Compound Annual Growth of 2.9% is forecast for 2021-2027

DUBLIN, December 03, 2021–(BUSINESS WIRE)–The Kitchen Appliances Market in the United States (2021-2027): Market Forecast by Type, Applications, Power, Applications, Regions and Competitive Landscape report has been added to from ResearchAndMarkets.com offer.

The US kitchen appliances market has witnessed moderate growth over the past few years owing to increasing technological advancements and growing adoption of kitchen appliances by households.

The housing industry in the United States is expected to experience an increased demand for kitchen appliances, especially due to the need to save time and effort. In addition, improving living standards and increasing disposable income of people are other factors that would lead to the growth of the kitchen appliances market in the United States during the forecast period.

Further, the COVID-19 pandemic has led to slow growth in the overall market scenario due to the nation-wide imposed lockdowns which has led to the conservative purchasing power of consumers. Also, along with the same, product lines have been discontinued as factories tend to shut down to combat the spread of novel coronavirus, which has drastically led to the drop in the overall market value.

The kitchen appliances market size in the United States is expected to grow at a CAGR of 2.9% during the period 2021-2027.

There is a rapid rise in consumer interest in smart kitchen appliances, due to which the demand for connected appliances continues to grow in popularity. Due to this demand, more and more manufacturers have started offering smart and connected devices to attract customers from conventional products.

The players in the country who sell kitchen appliances are focusing more on designing innovative and user-friendly products to provide a better experience for the consumer. Along with this, growing interest in kitchen remodeling, owing to the changing interest, is said to be another key driver for the kitchen appliance market growth 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 updating level 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 due to high population and increasing sales of new homes.

Key attraction of the report:

  • Impact of COVID-19 on the market.

  • Market figures over 10 years.

  • Historical data from 2017 to 2020.

  • Reference year: 2020

  • Forecast data until 2027.

  • Key performance indicators impacting the market.

  • Main developments and upcoming projects.

Main highlights of the report:

  • U.S. kitchen appliances market outlook

  • US Kitchen Appliances Market Forecast

  • Historical and forecast data for the United States kitchen appliances market revenue and volume, for the period 2017-2027F

  • Historical data and forecast of market revenue, by regions, for the period 2017-2027F

  • Historical data and forecast for the United States Hand Blender Kitchen Appliances Market revenue and volume, for the period 2017-2027F

  • Historical data and forecast of United States Kitchen Mixers Market revenue and volume, for the period 2017-2027F

  • United States historical and forecast data

  • Electric fireplace

  • Hobs

  • Microwave

  • Fridge

  • water purifier

  • Dishwasher

  • Market drivers and restraints

  • Kitchen Appliances Market Trends in the United States

  • Industry life cycle

  • Porter’s Five Forces Analysis

  • Market ecosystem

  • Assessment of market opportunities

  • Kitchen appliances market share in the United States, by company

  • Market Competitive Benchmarking

  • Company Profiles

  • Main strategic recommendations

  • Scope and market segmentation

Company Profiles

For more information on this report, visit https://www.researchandmarkets.com/r/5hp0m5

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See the source version on businesswire.com: https://www.businesswire.com/news/home/20211203005375/en/

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