The U.S. household appliances market is forecasted to
reach USD 59.76 billion by 2025, according to a new report by Grand View Research,
Inc. The market is anticipated to grow owing to the increased technological
advancements in the appliances including water heaters, dishwashers,
refrigerators, cooktops, cooking ranges, microwaves, ovens, vacuum cleaners,
mixers, grinders, food processors, washing machines, air conditioners, and
heaters.
The companies in the U.S. household appliances
market are investing heavily in designing innovative and user-friendly products
to cater the consumer better and gain a larger market share in an extremely
competitive market scenario. The companies focus on integrating the Internet of
Things (IoT) platform with the products that enable the users to control and
monitor the household appliances through mobile applications. For instance, in
December 2017, LG Electronics Inc. announced its plan to create ThinQ which
will use artificial intelligence (AI) in all its household devices. LG ThinQ
products will be competent to use deep learning and communicate with the users.
Further, LG Electronics Inc. announced the launch of its smart air purifier for
homes. LG PuriCare comprises fine dust sensors, voice recognition, and
DeepThinQ technology for cleaner air.
The company has also integrated Near Field
Communication (NFC) tagging technology with their appliances, which is a set of
standards to establish radio communication for smart phones with other devices.
Using this technology, the user can download and control the washing machine
programs such as cold wash, baby care, and wool through their smart phones. The
company developed TrueSteam technology for washing machines which enables steam
softener, steam fresh, and allergy care features. This technology reduces water
consumption and helps to eliminate allergens and sterilizes bacteria.
For full research report on U.S.
Household Appliances Market visit here: https://www.grandviewresearch.com/industry-analysis/us-household-appliances-market
Further key
findings from the report suggest:
- By product type, the cooktop, cooking range,
microwave, and oven segment is expected to account for the largest revenue
share by 2025, registering an estimated CAGR of around 3% over the
forecast period.
- By 2025, the brick & mortar distribution
channel is projected to account for around 86% of the total market revenue
share.
- By distribution channel the e-commerce segment
is expected to grow substantially at a higher CAGR of around 9% over the
forecast period.
- The dishwasher segment in the U.S. was valued
at around USD 4.30 billion in 2016.
- The mixer, grinder, & food processor segment
by product type is anticipated to witness the highest CAGR over the
forecast period.
- Other major players in the U.S. household
appliances market include Electrolux, Frigidaire, Philips Electronics, and
SMEG.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/us-household-appliances-market/request/rs1
Grand
View Research has segmented the market for U.S. household appliances into
product type and distribution channel.
U.S.
Household Appliances Product Type Outlook (Revenue, USD Billion; 2014 -
2025)
- Water heater
(boiler/geyser)
- Dishwasher
- Refrigerator
- Cooktop, cooking
range, microwave, & oven
- Vacuum cleaner
- Mixer, grinder,
& food processor
- Washing machine
- Air conditioner
& heater
U.S.
Household Appliances Distribution Channel Outlook (Revenue, USD Billion;
2014 - 2025)
- Brick & Mortar
- E-commerce
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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