Market Size of United States Small Kitchen Appliances Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 23.15 Billion |
Market Size (2029) | USD 29.09 Billion |
CAGR (2024 - 2029) | 4.67 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
United States Small Kitchen Appliances Market Analysis
The United States Small Kitchen Appliances Market size is estimated at USD 23.15 billion in 2024, and is expected to reach USD 29.09 billion by 2029, growing at a CAGR of 4.67% during the forecast period (2024-2029).
Shifting consumer buying patterns, particularly the rising trend of purchasing houseware online, present both opportunities and uncertainties for the growth of the small appliance category and its retailers. Industry leaders are prioritizing innovation to cater to the evolving tastes of consumers in the studied market. Online sales of small kitchen appliances are on the rise this year. In the United States, sales of small kitchen appliances saw a significant boost, driven by a surge of e-commerce platforms providing enticing deals and discounts. With many companies rolling out new small kitchen appliances, the market is poised for further growth.
The US small kitchen appliances market has experienced significant growth over the past few years. Increasing disposable incomes, a growing interest in home cooking, and the convenience offered by online shopping have contributed to this upward trend. Consumers are increasingly seeking innovative and multifunctional appliances that can simplify their cooking processes and save time. Additionally, the market has seen a rise in demand for energy-efficient and smart kitchen appliances. Manufacturers are responding by introducing products that integrate advanced technologies, such as IoT and AI, to enhance user experience. Such trends are expected to continue, driving the market's growth during the forecast period.
United States Small Kitchen Appliances Industry Segmentation
Small kitchen appliances are portable electrical devices that simplify cooking tasks in commercial and residential settings. The report provides a comprehensive analysis of the market, encompassing an evaluation of the overarching market, emerging segment-wise and regional trends, notable shifts in market dynamics, and an overall market overview. Additionally, the report presents both qualitative and quantitative assessments, drawing insights from data collected from industry analysts and key market players throughout the industry's value chain.
The US small kitchen appliances market is segmented by product, distribution channel, and end user. By product, the market is segmented into coffee makers, food processors, toasters, grills and roasters, tea makers/electric kettles, and other small kitchen appliances. By distribution channel, the market is segmented into multi-brand stores, specialty stores, online, and other distribution channels. By end user, the market is segmented into residential and commercial.
The report offers market size and forecasts in value (USD) for all the above segments.
By Products | |
Coffee Makers | |
Food Processors | |
Toasters | |
Grills and Roasters | |
Tea Makers/Electric Kettles | |
Other Small Kitchen Appliances |
By Distribution Channel | |
Multi-brand Stores | |
Specialty Stores | |
Online | |
Other Distribution Channels |
By End User | |
Residential | |
Commercial |
United States Small Kitchen Appliances Market Size Summary
The United States small kitchen appliances market is experiencing significant growth and innovation, driven by evolving consumer preferences and lifestyles. The market is characterized by a shift towards online purchasing and a preference for multi-functional and space-saving appliances, particularly among millennials. This demographic is increasingly replacing traditional models with modern, energy-efficient alternatives, such as the Keurig coffee machine and Instant Pot, which offer convenience and versatility. The market's recovery from the pandemic-induced downturn is attributed to increased consumer spending, the rise of single-person households, and the introduction of new products. The trend towards smart kitchen appliances is also gaining traction, with advancements in artificial intelligence and smart home integration playing a crucial role in shaping consumer choices.
Key players in the market, including Hamilton Beach, GE Appliances, Samsung, and Electrolux, are leveraging technological innovations to enhance their product offerings. The demand for AI-enabled and smart appliances is fueled by factors such as higher internet penetration, improvements in wireless communication, and the emergence of IoT technologies. Companies are adopting sustainable production practices and integrating technology with appliances to meet consumer demands. The market is also witnessing strategic acquisitions and expansions, as seen with Breville Group Limited's acquisition of LELIT and Spectrum Brands' plans to create a standalone global appliance company. These developments highlight the dynamic nature of the market and the ongoing efforts by both large and mid-size companies to capture a larger share of the growing demand for small kitchen appliances in the United States.
United States Small Kitchen Appliances Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Disposable Income and Urbanization are Driving the Market
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1.2.2 Rising Residential Real Estate is Driving the Demand for Small Appliances
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1.3 Market Restraints
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1.3.1 Changing Customer Preferences can Restraint the Growth of the Market
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1.4 Market Opportunities
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1.4.1 Growth in Smart Home and Kitchen Appliances
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1.5 Porter's Five Forces 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 into Latest Technological Innovations and Recent Trends in the Market
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1.7 Insights on Government Regulations in the Industry
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1.8 Impact of the COVID-19 Pandemic on the Market
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2. MARKET SEGMENTATION
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2.1 By Products
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2.1.1 Coffee Makers
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2.1.2 Food Processors
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2.1.3 Toasters
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2.1.4 Grills and Roasters
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2.1.5 Tea Makers/Electric Kettles
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2.1.6 Other Small Kitchen Appliances
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2.2 By Distribution Channel
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2.2.1 Multi-brand 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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2.3 By End User
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2.3.1 Residential
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2.3.2 Commercial
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United States Small Kitchen Appliances Market Size FAQs
How big is the United States Small Kitchen Appliances Market?
The United States Small Kitchen Appliances Market size is expected to reach USD 23.15 billion in 2024 and grow at a CAGR of 4.67% to reach USD 29.09 billion by 2029.
What is the current United States Small Kitchen Appliances Market size?
In 2024, the United States Small Kitchen Appliances Market size is expected to reach USD 23.15 billion.