North America Built-In Home Appliances - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029)

North America Built-In Home Appliances - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029)

The North America Built-In Home Appliances Market size is estimated at USD 6.01 billion in 2024, and is expected to reach USD 7.79 billion by 2029, growing at a CAGR of 5.32% during the forecast period (2024-2029).

The increased demand for built-in home appliances is due to the interest in home renovations, eco-friendliness, and smart home technologies. The rising demand for smart home devices contributes to the market's growth. Homeowners can use built-in home appliances remotely, increasing their convenience and efficiency. These technologically advanced built-in home appliances benefit the working population with busy work schedules.

The COVID-19 pandemic impacted the industry's sales due to the closure of workplaces and restrictions on supply chains and transportation. After the COVID-19 pandemic, the market's growth can be attributed to people working from home and the increased disposable income of consumers, which led to an increase in home furnishing and renovation. The market players conducted various R&D activities to improve product offerings.

The rising need for space utilization increases the demand for built-in home appliances. One of the advantages of built-in appliances is the facility to save space. The increasing trend of remodeling traditional homes to smart homes integrated with energy-efficient appliances drives the market. Consumers also invest more in home appliances due to the rising disposable income of emerging economies.

North America Built-In Home Appliances Market Trends

United States Dominates the Market

The rising demand for space utilization increases the demand for built-in home appliances in the United States. These appliances are popular in the residential sector of the United States because there is an increased demand for smart homes. The manufacturers in this region have combined factors such as innovative technology, meeting consumer preferences, and functionality.

The two factors that drive the market in the United States are efficiency and intelligent technology. Consumers are more likely to look forward to home appliances that offer advanced technology, are energy-efficient, and are controlled by smartphones or other smart devices. These factors drive the demand for built-in home appliances in the United States.

Increasing Online Sales Driving the Market

There is a massive penetration of online platforms in North America. Major online platforms like Amazon have increased sales of built-in home appliances. Many global manufacturers have been trying to penetrate the market even though entering the home appliances market in North America is tough. The factors that attract consumers to online shopping are easy returns, post-sale support provided by online retailers, and free and one-day delivery features.

Social media influences the consumer's decision-making process. Social network users use the social media platform to find product information and product reviews. Moreover, users prefer social media platforms to share reviews and product details. Therefore, increasing online sales drives the market.

North America Built-In Home Appliances Industry Overview

The North American built-in home appliances market is fragmented. The manufacturers incorporate advanced technologies such as touch controls and connectivity options, which have increased the demand for built-in appliances. Prominent market leaders have taken initiatives like mergers, acquisitions, partnerships, expansion, and product innovations to obtain strategic plans to stay ahead of the curve. The major players are Robert Bosch GmbH, AB Electrolux, Haier Smart Home Co., Ltd., Whirlpool Corporation, and Panasonic Holdings Corporation.

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