Market Size of United States Small Home Appliances Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 1.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
US Small Home Appliances Market Analysis
The Coronavirus Disease Pandemic (COVID-19) has affected all parts of the world. The coronavirus has not only taken several lives but has also affected the global economic structure. The growing popularity of the work-from-home style of working among corporate professionals for disease prevention purposes has gained traction in the consumer's interest in doing various cooking activities. Time-saving small cooking appliances such as bread makers and electric grills have been on the rise as consumers limit their foodservice experiences.
Small appliances are semi-portable or portable machines and are generally used on platforms such as counter-tops and tabletops. Some of the small appliances are air purifiers, humidifiers & dehumidifiers, blenders, clothes steamers & iron, electric kettles & coffee machines, and others.
The United States is the world's foremost producer and the largest market for home appliances. United States' small home appliances market has been gaining prominence on account of devices enhanced with smart sensors and the Internet of things enabled technology, meaning that the devices can be controlled and monitored remotely through mobile applications. The companies in the United States home appliances market are investing heavily in designing innovative and user-friendly products to provide the consumer better and gain a larger market share in an extremely competitive market scenario.
The market is anticipated to grow owing to the increased technological advancements in the appliances. Consumers are strongly attracted to appliances that complete core functions effectively and can help them save time in their increasingly busy days. Small appliances manufacturers are maintaining growth by increasing the functions of some models. Technology advancements to reduce energy consumption, and its impact on the environment, along with smart operating features will consistently propel the market enlargement.
US Small Home Appliances Industry Segmentation
A complete background analysis of the Unites States Small Home Appliances Market, which includes an assessment of the National accounts, economy, and the emerging market trends by segments, significant changes in the market dynamics, and the market overview is covered in the report. United States Small Home Appliances Market is segmented by Product (Vacuum Cleaners, Hair Clippers, Irons, Toasters, Hair Dryers, Coffee Machines, Grills and Roasters, and Other Products), and by Distribution Channel (Multi-Branded Stores, Specialty Stores, Online, and Other Distribution Channels).
| Product | |
| Vacuum Cleaners | |
| Hair Clippers | |
| Irons | |
| Toasters | |
| Hair Dryers | |
| Coffee Machines | |
| Grills and Roasters | |
| Others |
| Distribution Channel | |
| Multi-Branded Stores | |
| Specialty Stores | |
| Online | |
| Other Distribution Channels |
United States Small Home Appliances Market Size Summary
The United States small home appliances market is experiencing significant growth, driven by the increasing adoption of smart technology and IoT-enabled devices. These advancements allow consumers to control and monitor appliances remotely, enhancing convenience and efficiency in daily tasks. The market is characterized by a diverse range of products, including air purifiers, blenders, and small kitchen appliances like microwaves and coffee machines. The shift towards remote work and the desire for time-saving solutions have further fueled the demand for these appliances, as consumers seek to streamline their cooking and household activities. Manufacturers are responding by innovating and expanding their product portfolios, incorporating features such as Wi-Fi connectivity, touchscreens, and energy-efficient technologies to meet the evolving needs of consumers.
The growth of the small home appliances market in the United States is also supported by the booming residential construction sector and rapid urbanization. New homes often require new appliances, driving sales in the market. The increase in disposable income among consumers has further contributed to the demand for compact and easy-to-use kitchen appliances. Major players like Whirlpool Corporation, GE Appliances, and KitchenAid dominate the market, but mid-size and smaller companies are gaining traction through technological advancements and product innovations. The competitive landscape is dynamic, with companies continuously seeking to enhance their market presence by securing new contracts and exploring new markets. This trend is expected to continue, bolstering the market's growth prospects in the coming years.
United States Small Home Appliances Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain / Supply Chain Analysis
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1.5 Porters 5 Force Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Insights on impact of technology and innovation in the Market
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1.7 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 Product
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2.1.1 Vacuum Cleaners
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2.1.2 Hair Clippers
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2.1.3 Irons
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2.1.4 Toasters
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2.1.5 Hair Dryers
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2.1.6 Coffee Machines
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2.1.7 Grills and Roasters
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2.1.8 Others
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2.2 Distribution Channel
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2.2.1 Multi-Branded Stores
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2.2.2 Specialty Stores
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2.2.3 Online
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2.2.4 Other Distribution Channels
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United States Small Home Appliances Market Size FAQs
What is the current United States Small Home Appliances Market size?
The United States Small Home Appliances Market is projected to register a CAGR of greater than 1% during the forecast period (2024-2029)
Who are the key players in United States Small Home Appliances Market?
Whirlpool Corporation, GE Appliances, KitchenAid, Frigidaire and Maytag Corporation are the major companies operating in the United States Small Home Appliances Market.
