United States Large Kitchen Appliances Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 14.82 Billion |
| Market Size (2029) | USD 18.69 Billion |
| CAGR (2024 - 2029) | 4.76 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
United States Large Kitchen Appliances Market Analysis
The United States Large Kitchen Appliances Market size is estimated at USD 14.82 billion in 2024, and is expected to reach USD 18.69 billion by 2029, growing at a CAGR of 4.76% during the forecast period (2024-2029).
The US market for large kitchen appliances encompasses various products, including refrigerators, ovens, ranges, dishwashers, and microwaves, all designed for cooking, food preservation, and cleaning. Consumer preferences, technological innovations, economic conditions, and evolving home design and renovation trends influence this market. An anticipated increase in disposable income levels is set to propel the market's growth. Additionally, rapid urbanization is poised to impact the household appliances market positively. This growth is bolstered by technological advancements, increasing consumer demand, and favorable market conditions. Companies that innovate and align with industry trends stand to gain a larger market share and boost their revenues.
Also, strategic investments and partnerships within the market are anticipated to enhance market dynamics, driving its upward trajectory. Dishwashers, a vital segment of the US large kitchen appliances market, are witnessing increased demand due to water conservation, noise reduction, and superior cleaning performance. This demand is further fueled by urbanization and growing consumer awareness of water and energy conservation. Dishwashers also advance with intelligent features, such as sensor-based wash cycles and app controls. Another vital segment is laundry appliances, which include washers and dryers. Innovations in this segment focus on energy efficiency, larger capacities, and advanced fabric care. These appliances cater to diverse consumer needs, from compact, stackable units perfect for urban living to spacious models designed for larger households.
United States Large Kitchen Appliances Market Trends
Growing Number of Households is Driving the Market
As the number of homes and apartments in the United States continues to increase, so does the demand for large kitchen appliances. This trend is expected to continue during the forecast period. Additionally, a surge in home renovation activities across the nation is likely to bolster this demand in the short term. The US home improvement industry, which includes the sale of building materials, appliances, décor, and services from contractors and tradespeople, is witnessing its most vital phase in over a decade.
This industry supports the economy by generating significant revenue and creates numerous job opportunities. Given the pivotal role of homeownership in the US economy, it is noteworthy that many homeowners are choosing to renovate rather than move or upgrade amid a nationwide housing shortage and soaring home prices. These renovations often lead to upgrades in large household appliances, including refrigerators, freezers, ranges, and washing machines. The trend of staying put and improving existing homes is likely to continue, further driving the market for large kitchen appliances.
Increasing Disposable Income is Driving the Market
As disposable incomes rise, various commercial segments, including modular households, are witnessing an uptick in demand for large cooking appliances. Consumers increasingly gravitate toward these appliances, driven by lifestyle changes and heightened disposable income. This trend boosts the appeal of upscale kitchen gadgets and signals a robust growth trajectory for the large kitchen appliances market in the coming years.
With the rise in average household incomes, there has been a surge in consumer demand for kitchen appliances. Additionally, advancements in technology and design innovations are making these appliances more attractive and functional, further fueling market growth. Manufacturers are also offering a more comprehensive range of products with enhanced features, catering to the evolving preferences of consumers. Also, the increasing focus on energy-efficient and intelligent appliances is expected to drive market expansion as consumers seek to integrate convenience and sustainability into their kitchens.
United States Large Kitchen Appliances Industry Overview
The US large kitchen appliances market is consolidated, with major players holding significant sway. Yet, as technology evolves and products innovate, mid-sized and smaller companies are carving out their niches, securing new contracts, and exploring untapped markets. Key players in this landscape include Whirlpool Corporation, LG, Haier, Samsung, and Bosch.
United States Large Kitchen Appliances Market Leaders
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Whirlpool Corporation
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LG
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Haier
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Samsung
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Bosch
*Disclaimer: Major Players sorted in no particular order
United States Large Kitchen Appliances Market News
- July 2024: LG Electronics secured an 80% stake in Athom, a Dutch smart home firm, and intends to purchase the remaining 20% over the next three years. This strategic acquisition is designed to bolster LG's presence in open smart home ecosystems. Also, LG plans to weave Athom's technological innovations into its ThinQ platform, equipping users with AI-driven capabilities to manage appliances and lighting.
- April 2024: Whirlpool Corporation successfully finalized its deal with Arçelik A.Ş. This pivotal move is a cornerstone in Whirlpool's ongoing portfolio transformation, poised to unlock substantial value opportunities. A new European appliance powerhouse emerges by merging Whirlpool's major European domestic appliance business with Arcelik's diverse portfolio, which includes major domestic appliances, consumer electronics, air conditioning, and smaller domestic appliances.
United States Large Kitchen Appliances Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Home Renovations
4.3 Market Restraints
4.3.1 Price Sensitivity
4.4 Market Opportunities
4.4.1 Customization in the Products
4.5 Value Chain / Supply Chain Analysis
4.6 Porter's Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
4.7 Insights on Consumer Behavior and Analysis
4.8 Technology Integration and Trends
4.9 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 Product
5.1.1 Refrigerators
5.1.2 Freezers
5.1.3 Dishwashing Machines
5.1.4 Cookers and Ovens
5.1.5 Ranges
5.2 Application
5.2.1 Residential
5.2.2 Commercial
5.3 Distribution Channel
5.3.1 Specialist Retailers
5.3.2 Online Retailers
5.3.3 Supermarkets and Hypermarkets
5.3.4 Manufacturer Retailers
5.3.5 Other Distribution Channels (Department Stores, Warehouse Clubs, etc.)
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 The Home Depot Inc.
6.2.2 Walmart Inc.
6.2.3 Target Corporation
6.2.4 Wayfair Inc.
6.2.5 Lowe's Companies Inc.
6.2.6 Best Buy Co. Inc.
6.2.7 Amazon*
- *List Not Exhaustive
6.3 Manufacturer Profiles
6.3.1 Whirlpool
6.3.2 Samsung
6.3.3 LG
6.3.4 Bosch
6.3.5 Electrolux AB
6.3.6 Haier
6.3.7 Midea Group*
7. MARKET FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
United States Large Kitchen Appliances Industry Segmentation
Large kitchen appliances, integral to modern cooking and food preparation, include refrigerators, stoves, dishwashers, microwaves, and ovens. This report provides a comprehensive analysis of the US large kitchen appliances market, delving into national accounts, economic factors, emerging segment trends, shifts in market dynamics, and an overarching market overview.
The US large kitchen appliances market is segmented by product, application, and distribution channel. By product, the market is segmented into refrigerators, freezers, dishwashing machines, cookers and ovens, and ranges. By application, the market is segmented into residential and commercial. By distribution channel, the market is segmented into specialist retailers, online retailers, supermarkets and hypermarkets, manufacturer retailers, and other distribution channels. The report offers market size and forecasts in value (USD) for all the above segments.
| Product | |
| Refrigerators | |
| Freezers | |
| Dishwashing Machines | |
| Cookers and Ovens | |
| Ranges |
| Application | |
| Residential | |
| Commercial |
| Distribution Channel | |
| Specialist Retailers | |
| Online Retailers | |
| Supermarkets and Hypermarkets | |
| Manufacturer Retailers | |
| Other Distribution Channels (Department Stores, Warehouse Clubs, etc.) |
United States Large Kitchen Appliances Market Research Faqs
How big is the United States Large Kitchen Appliances Market?
The United States Large Kitchen Appliances Market size is expected to reach USD 14.82 billion in 2024 and grow at a CAGR of 4.76% to reach USD 18.69 billion by 2029.
What is the current United States Large Kitchen Appliances Market size?
In 2024, the United States Large Kitchen Appliances Market size is expected to reach USD 14.82 billion.
Who are the key players in United States Large Kitchen Appliances Market?
Whirlpool Corporation, LG, Haier, Samsung and Bosch are the major companies operating in the United States Large Kitchen Appliances Market.
What years does this United States Large Kitchen Appliances Market cover, and what was the market size in 2023?
In 2023, the United States Large Kitchen Appliances Market size was estimated at USD 14.11 billion. The report covers the United States Large Kitchen Appliances Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the United States Large Kitchen Appliances Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
United States Large Kitchen Appliances Industry Report
Statistics for the 2024 United States Large Kitchen Appliances market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United States Large Kitchen Appliances analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
