North America Built-In Kitchen Appliances Market Size, Share & Industry Trends Analysis Report By Distribution Channel, By Application (Residential, and Commercial), By Product Type, By Country and Growth Forecast, 2023 - 2030
The North America Built-In Kitchen Appliances Market would witness market growth of 7.3% CAGR during the forecast period (2023-2030).
Aesthetics, modular kitchen renovations, space-saving solutions, eco-friendliness, and smart home technologies drive the increased demand for built-in kitchen appliances. The rising prevalence of smart home devices also stimulates the market. These appliances enable homeowners to remotely operate their appliances via their smartphones or voice-activated assistants, boosting the convenience and efficiency of their kitchen experience. Such qualities appeal to a wide range of consumers, especially the working population, who are technologically adept and have busy work schedules.
A growing demand for optimal space utilization will likely bolster built-in kitchen appliance demand. The capacity to save space is one of the key advantages of built-in appliances. These range from a built-in hob to a built-in hood and are particularly useful in smaller kitchens with limited foundation and surface area. The increasing trend of remodelling traditional kitchens to modular kitchens with integrated energy-efficient appliances, such as these, is projected to drive the market. Furthermore, the rise in disposable income, particularly in emerging economies, has enabled consumers to invest in premium and technologically advanced kitchen appliances.
According to the Bureau of Economic Analysis (BEA) of the US, in June 2023, personal consumption expenditures (PCE) climbed by $100.4 billion (0.5%), while disposable personal income (DPI), or personal income less personal current taxes, increased by $67.5 billion (0.3%). In June, personal savings totalled $862.4 billion, with a saving rate of 4.3 percent of disposable personal income. Higher disposable income allows consumers to afford premium and high-end built-in kitchen appliances. Due to these aspects, the market will expand across the North America region in upcoming years.
The US market dominated the North America Built-In Kitchen Appliances Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $5,339.8 Million by 2030. The Canada market is experiencing a CAGR of 9.7% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 8.8% during (2023 - 2030).
Based on Distribution Channel, the market is segmented into Exclusive Stores, Supermarket & Hypermarket, Online Channels, Contract Sales, and Others. Based on Application, the market is segmented into Residential, and Commercial. Based on Product Type, the market is segmented into Built-in Refrigerators, Built-in Dishwashers, Built-in Hobs, Built-in Ovens & Microwaves, Built-in Hoods, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, AB Electrolux, Haier Smart Home Co., Ltd. (Haier Group Corporation), Whirlpool Corporation, Panasonic Holdings Corporation, LG Electronics, Inc. (LG Corporation), Elica S.p.A. (FAN S.A.), Samsung Electronics Co., Ltd. (Samsung Group), Hisense International Co., Ltd., and Arçelik A.Ş. (Koç Holding A.Ş)
Scope of the Study
Market Segments covered in the Report:
By Distribution Channel
- Exclusive Stores
- Supermarket & Hypermarket
- Online Channels
- Contract Sales
- Others
- Residential
- Commercial
- Built-in Refrigerators
- Built-in Dishwashers
- Built-in Hobs
- Built-in Ovens & Microwaves
- Built-in Hoods
- Others
- US
- Canada
- Mexico
- Rest of North America
- Robert Bosch GmbH
- AB Electrolux
- Haier Smart Home Co., Ltd. (Haier Group Corporation)
- Whirlpool Corporation
- Panasonic Holdings Corporation
- LG Electronics, Inc. (LG Corporation)
- Elica S.p.A. (FAN S.A.)
- Samsung Electronics Co., Ltd. (Samsung Group)
- Hisense International Co., Ltd.
- Arçelik A.Ş. (Koç Holding A.Ş)
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Built-In Kitchen Appliances Market, by Distribution Channel
- 1.4.2 North America Built-In Kitchen Appliances Market, by Application
- 1.4.3 North America Built-In Kitchen Appliances Market, by Product Type
- 1.4.4 North America Built-In Kitchen Appliances Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.2.4 Geographical Expansions
- 4.3 Top Winning Strategies
- 4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2020, Jan – 2023, Nov) Leading Players
- 4.4 Porter’s Five Forces Analysis
- Chapter 5. North America Built-In Kitchen Appliances Market by Distribution Channel
- 5.1 North America Supermarket & Hypermarket Market by Country
- 5.2 North America Exclusive Stores Market by Country
- 5.3 North America Online Channels Market by Country
- 5.4 North America Contract Sales Market by Country
- 5.5 North America Others Market by Country
- Chapter 6. North America Built-In Kitchen Appliances Market by Application
- 6.1 North America Residential Market by Country
- 6.2 North America Commercial Market by Country
- Chapter 7. North America Built-In Kitchen Appliances Market by Product Type
- 7.1 North America Built-in Refrigerators Market by Country
- 7.2 North America Built-in Dishwashers Market by Country
- 7.3 North America Built-in Hobs Market by Country
- 7.4 North America Built-in Ovens & Microwaves Market by Country
- 7.5 North America Built-in Hoods Market by Country
- 7.6 North America Others Market by Country
- Chapter 8. North America Built-In Kitchen Appliances Market by Country
- 8.1 US Built-In Kitchen Appliances Market
- 8.1.1 US Built-In Kitchen Appliances Market by Distribution Channel
- 8.1.2 US Built-In Kitchen Appliances Market by Application
- 8.1.3 US Built-In Kitchen Appliances Market by Product Type
- 8.2 Canada Built-In Kitchen Appliances Market
- 8.2.1 Canada Built-In Kitchen Appliances Market by Distribution Channel
- 8.2.2 Canada Built-In Kitchen Appliances Market by Application
- 8.2.3 Canada Built-In Kitchen Appliances Market by Product Type
- 8.3 Mexico Built-In Kitchen Appliances Market
- 8.3.1 Mexico Built-In Kitchen Appliances Market by Distribution Channel
- 8.3.2 Mexico Built-In Kitchen Appliances Market by Application
- 8.3.3 Mexico Built-In Kitchen Appliances Market by Product Type
- 8.4 Rest of North America Built-In Kitchen Appliances Market
- 8.4.1 Rest of North America Built-In Kitchen Appliances Market by Distribution Channel
- 8.4.2 Rest of North America Built-In Kitchen Appliances Market by Application
- 8.4.3 Rest of North America Built-In Kitchen Appliances Market by Product Type
- Chapter 9. Company Profiles
- 9.1 Robert Bosch GmbH
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expense
- 9.1.5 SWOT Analysis
- 9.2 AB Electrolux
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Regional Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Product Launches and Product Expansions:
- 9.2.5.2 Acquisition and Mergers:
- 9.2.6 SWOT Analysis
- 9.3 Haier Smart Home Co., Ltd. (Haier Group Corporation)
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Product Launches and Product Expansions:
- 9.3.6 SWOT Analysis
- 9.4 Whirlpool Corporation
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Regional Analysis
- 9.4.4 Research & Development Expense
- 9.4.5 Recent strategies and developments:
- 9.4.5.1 Product Launches and Product Expansions:
- 9.4.6 SWOT Analysis
- 9.5 Panasonic Holdings Corporation
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expenses
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Product Launches and Product Expansions:
- 9.5.5.2 Acquisition and Mergers:
- 9.5.6 SWOT Analysis
- 9.6 LG Electronics, Inc. (LG Corporation)
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Regional & Segmental Analysis
- 9.6.4 Research & Development Expenses
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Product Launches and Product Expansions:
- 9.6.5.2 Geographical Expansions:
- 9.6.6 SWOT Analysis
- 9.7 Elica S.p.A. (FAN S.A.)
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expense
- 9.7.5 SWOT Analysis
- 9.8 Samsung Electronics Co., Ltd. (Samsung Group)
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Recent strategies and developments:
- 9.8.4.1 Partnerships, Collaborations, and Agreements:
- 9.8.4.2 Product Launches and Product Expansions:
- 9.8.4.3 Acquisition and Mergers:
- 9.8.5 SWOT Analysis
- 9.9 Hisense International Co., Ltd.
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Regional Analysis
- 9.9.4 Recent strategies and developments:
- 9.9.4.1 Partnerships, Collaborations, and Agreements:
- 9.9.4.2 Product Launches and Product Expansions:
- 9.9.5 SWOT Analysis
- 9.10. Arçelik A.Ş. (Koç Holding A.Ş)
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 Research & Development Expenses
- 9.10.5 SWOT Analysis
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