United States Built-in Kitchen Appliances Market to Grow at a CAGR of 5.12% through 2027F
United
States Built-in Kitchen Appliances market is driven by various factors such as
modernization, technological advancements, home improvement trends, and changing
lifestyle and cooking habits.
According
to TechSci Research report, “United States Built-in Kitchen Appliances
Market – By Region, Competition, Forecast and Opportunities, 2018-2028F”, the United States Built-in Kitchen Appliances Market stood
at USD 7.93 billion in 2022 and is anticipated to grow with a CAGR of 5.5% in
the forecast period, 2024-2028. The United States
built-in kitchen appliances market is a thriving and dynamic industry that
reflects the evolving lifestyles, technological advancements, and design
preferences of American consumers. As an essential part of modern homes,
built-in kitchen appliances encompass a wide range of products, including
ovens, cooktops, refrigerators, dishwashers, and more. This comprehensive
exploration delves into the intricacies of the United States built-in kitchen
appliances market, analyzing the driving forces, emerging trends, key players,
and challenges that shape this ever-evolving landscape.
Changing lifestyles and family
structures have contributed significantly to the market's growth. The rise of
dual-income households and busier schedules have led to increased demand for
time-saving, energy-efficient, and convenient kitchen appliances.
The United States has experienced a
surge in culinary enthusiasm, with more people experimenting with cooking and
baking at home. As a result, consumers are seeking high-quality appliances that
enable them to explore their culinary skills and create restaurant-quality
meals at home. American consumers increasingly prioritize the aesthetics and
overall design of their kitchens. Built-in appliances offer a seamless and
integrated look, aligning with modern interior design trends that emphasize
clean lines, open spaces, and minimalism.
Energy efficiency and sustainability
have become essential considerations for consumers. Energy-efficient built-in
appliances, such as induction cooktops and Energy Star-rated refrigerators, are
in high demand as consumers seek to reduce their environmental footprint and
lower utility bills. Rapid technological advancements have led to the
integration of smart features in kitchen appliances. Smart ovens, refrigerators
with touchscreens, and voice-activated appliances are gaining popularity as
consumers embrace the convenience and connectivity offered by these
innovations.
The robust real estate market in the
United States plays a significant role in driving the demand for built-in
kitchen appliances. New homeowners and property buyers are often looking for
homes equipped with modern features, including state-of-the-art kitchen
appliances. Home renovation and remodeling projects are on the rise,
particularly in older homes. Many homeowners are choosing to upgrade their
kitchens with built-in appliances to enhance functionality and aesthetics.
Smart kitchen appliances that can be
controlled remotely through smartphones or voice commands have gained immense
popularity. Consumers appreciate the convenience of monitoring and controlling
their appliances even when they are not at home. Consumers are increasingly
interested in kitchen appliances that are designed with sustainability in mind.
Manufacturers are incorporating eco-friendly materials and energy-efficient
technologies to meet this demand.
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They are viewed as a healthier and more
versatile cooking option. Coffee lovers are embracing built-in coffee systems
that offer the convenience of brewing barista-quality coffee and espresso
drinks at home. Home chefs and cooking enthusiasts are investing in
professional-grade kitchen appliances, such as commercial-style ranges and
ovens, to replicate the cooking experience of high-end restaurants.
Customization is a growing trend in the
market. Manufacturers and designers are offering tailored solutions to fit the
unique needs and preferences of homeowners. Integrated refrigeration solutions
that blend seamlessly with kitchen cabinetry are in high demand, creating a
sleek and unobtrusive kitchen appearance.
The United States built-in kitchen
appliances market boasts a roster of key players, both domestic and
international, that offer a wide range of products to cater to the diverse
needs and tastes of consumers. These key players include well-established brands
such as Whirlpool, General Electric (GE Appliances), Bosch, KitchenAid, Viking
Range, and Sub-Zero.
Price remains a critical factor for
consumers when purchasing built-in kitchen appliances. High-quality,
feature-rich appliances often come at a premium, and affordability is a key
consideration for many. The installation of built-in appliances can be more
complex and costly compared to freestanding options. Consumers need to consider
installation costs and space requirements when choosing built-in appliances. Regular
maintenance and servicing are essential to keep built-in appliances functioning
optimally. Consumers may face challenges in finding skilled technicians for
repairs and maintenance. The rapid pace of technological advancement can result
in compatibility issues. Consumers may find it challenging to integrate older
appliances with newer, smart technologies.
The United States Built-in Kitchen
Appliances market is segmented into product type, sales channel, and region.
Based
on product type, the market is segmented into built-in ovens, built-in hobs,
built-in hoods, built-in refrigerators, built-in dishwashers and others. Among
these, built-in ovens has a significant share in the United States built-in
kitchen appliances market. Built-in ovens are designed to make the most of
kitchen space. By positioning the oven at a convenient height, users no longer
need to bend down or reach far into a freestanding oven, making cooking and
baking more accessible. This feature is particularly appreciated by homeowners
with mobility concerns.
Based
on region, the market is segmented into South, West, Mid-West, North-East. Among
these, South has a significant share in the United States built-in kitchen
appliances market. The South's booming real estate market has played a crucial
role in driving the demand for built-in kitchen appliances. New homeowners and
property buyers often seek homes with modern features and upgraded kitchens.
Built-in appliances, such as ovens, cooktops, and refrigerators, are considered
essential components of a contemporary and well-equipped kitchen.
Key
market players in the United States Built-in Kitchen Appliances market include:
- Electrolux
Home Products, Inc.
- Whirlpool
Corporation
- LG
Electronics USA, Inc.
- Haier
U.S. Appliance Solutions, Inc.
- Samsung
Electronics America, Inc.
- Danby
Products Limited
- Panasonic
Corporation
- THOR
Kitchen, Inc.
- Hitachi,
Ltd.
- ATL
International LLC (Koninklijke Philips N.V.)
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“The
United States built-in kitchen appliances market is poised for continued growth
and innovation. As technology evolves, consumers will have access to smarter,
more energy-efficient, and environmentally friendly appliances. The market will
continue to cater to diverse consumer needs, from those seeking
professional-grade equipment to homeowners prioritizing sustainable and sleek
kitchen designs. The future of the built-in kitchen appliances market in the
United States promises a blend of innovation, convenience, and style, as it
caters to the evolving needs and preferences of modern households.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based Global
management consulting firm.
“United States Built-in Kitchen Appliances
Market Segmented By Product Type (Built-in Ovens, Built-in Hobs, Built-in
Hoods, Built-in-Refrigerators, Built-in Dishwashers and Others), By Sales
Channel (Supermarkets/Hypermarkets, Exclusive Stores, Online and Others), By
Region, Competition, Forecast and Opportunities, 2018-2028F”, has evaluated the future growth potential
of United States built-in kitchen appliances market and provides statistics and
information on market structure, size, share, and future growth. The report
intends to provide cutting-edge market intelligence and help decision-makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the United States built-in kitchen appliances market.
Contact
Mr.
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Research LLC
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