Consumer appliances in 2024: The big picture
Consumer appliances in the US is set to see little movement in retail volume terms in 2024, with just marginal growth expected. However, whilst small appliances is projected to return to growth in the year overall after a couple of years of decline, major appliances is expected to maintain its declining trend.
2024 key trends
An increasing number of consumers in the US are looking for sustainable products within consumer appliances. In addition to environmental reasons, this is also as an energy-saving (and thus cost-saving) measure.
Competitive landscape
Overall consumer appliances in the US has a highly fragmented competitive landscape, with no single player accounting for a double-digit retail value share. Major appliances is more consolidated than small appliances.
Retailing developments
One of the most notable distribution trends in consumer appliances in the US over the review period was the rise of retail e-commerce, and this is expected to continue in 2024. In 2019, retail e-commerce was already rapidly gaining share, but its rise was accelerated by the pandemic, which led many more people to both search for products and purchase online.
What next for consumer appliances?
After a period of significant disruption to sales during and after the pandemic, consumer appliances in the US is expected to see its retail volume sales rise moving forward. The early forecast period is likely to continue to be impacted by the surge in sales seen in 2021.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Appliances industry in USA with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Dishwashers
- Home Laundry Appliances
- Large Cooking Appliances
- Microwaves
- Refrigeration Appliances
- Air Treatment Products
- Food Preparation Appliances
- Personal Care Appliances
- Small Cooking Appliances
- Vacuum Cleaners
If you're in the Consumer Appliances industry in USA, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Consumer Appliances in USA report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Consumer Appliances in USA?
- Which are the leading brands in USA?
- How are products distributed in USA?
- To what extent has COVID-19 and accordant macroeconomic and retail disruption impacted demand?
- How are considerations such as urban development and the rise in single-person households determining sales growth?
- Where is future growth expected to be most dynamic?
Consumer Appliances in the US
Consumer appliances in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for consumer appliances?
DISCLAIMER
Dishwashers in the US
KEY DATA FINDINGS
Decline for dishwashers as consumers pull back on spending on kitchen renovations
Bosch remains the leading brand thanks to constant new product development
Retail e-commerce maintains its rising trend, although many still prefer offline purchases
Growth set to return along with the stronger housing market and renovations
Smart features likely to be incorporated when consumers upgrade their dishwasher
Sustainability set to become increasingly important, especially if it brings financial rewards
Home Laundry Appliances in the US
KEY DATA FINDINGS
Sales hampered by economic factors and lasting impact of 2021 sales surge
Leading players expand their shares thanks to constant product development
E-commerce continues to grow at the expense of non-grocery retailers
Return to growth will be driven by customisation
Both manufacturers and consumers likely to consider sustainability
Education on the benefits of smart appliances will be necessary
Large Cooking Appliances in the US
KEY DATA FINDINGS
Economic factors drive decline for large cooking appliances
Electric large cooking appliances gain consumer favour
Samsung performs well, but Whirlpool maintains its lead
If economic conditions continue to improve, growth is likely to return, but will be hampered by food delivery
Range cookers set to see growth, but competition from second-hand products likely
Smart large cooking appliances anticipated to see growth
Microwaves in the US
KEY DATA FINDINGS
Slight volume decline for microwaves as sales normalise after the pandemic surge
Focus on smart microwaves by manufacturers
Share of retail e-commerce continues to rise from an already high base
Growth expected to be mainly limited to replacement demand
Air quality concerns set to drive demand for microwaves with ventilation
Attractive designs and more compact models likely to remain popular
Refrigeration Appliances in the US
KEY DATA FINDINGS
Continued decline in 2024 as the previous pandemic sales surge has a negative impact
Fridge-freezers continues to dominate, due to cost-effectiveness, convenience, and new features
Inflation impacts the competitive landscape and distribution
Refrigeration appliances will have growth potential due to evolving consumer lifestyles
Smart refrigeration appliances expected to continue to evolve
Drinks trends expected to impact refrigeration appliances
Air Treatment Products in the US
KEY DATA FINDINGS
Record-breaking temperatures drive exceptional growth for air conditioners
Wearable air purifiers offer air filtration on-the-go
Midea gains ground on Newell Brands thanks to its U-shaped window unit
Growth will be driven by easing inflation and hotter summers
Smart products expected to continue to gain strength in air treatment products
Demand for air filtration set to grow, driving growth for air purifiers
Food Preparation Appliances in the US
KEY DATA FINDINGS
Food preparation appliances returns to volume growth as trends normalise
Portable blenders offer a convenient option for consumers on-the-go
Bucking the trend of stability in the competitive landscape, Ninja maintains share growth
Volume growth of food preparation appliances set to accelerate
Compact and multi-use food preparation appliances will continue to trend
Kitchen robots pose a threat to more traditional food preparation appliances
Personal Care Appliances in the US
KEY DATA FINDINGS
Growth for personal care appliances despite inflation
Innovations benefiting hair health boost demand for hair care appliances
CURAPROX’s Samba utilises robotics technology to launch a niche product
Technology and innovation will drive volume growth in personal care appliances
At-home body hair removal to benefit from improvements in technology
Oral care appliances will benefit from smart technology
Small Cooking Appliances in the US
KEY DATA FINDINGS
Little volume movement as consumers respond to inflationary pressures
Competition and price pressure seen in multi-use and smart appliances
Target’s partnership with bella and So Yummy targets a media-savvy audience
Recovery in the housing market likely to lift sales of small cooking appliances
Smart feature applications evolving for small cooking appliances
Brands likely to think creatively about their channel strategy
Vacuum Cleaners in the US
KEY DATA FINDINGS
Robotic and stick vacuum cleaners see the strongest performances due to convenience
Competition rises as smaller players take advantage of low consumer spending confidence
Manufacturers continue to aim to attract pet owners
Robotic vacuum cleaners set to see the strongest performance as prices become more affordable
Expansion of wet-dry options due to versatility
Players increasingly focus on sustainability
The following categories and subcategories are included:
Consumer Appliances
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- Built-In Major Appliances
- Freestanding Major Appliances
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- Built-in Dishwashers
- Freestanding Dishwashers
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- Built-in Home Laundry Appliances
- Freestanding Home Laundry Appliances
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- Built-in Automatic Dryers
- Freestanding Automatic Dryers
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- Built-in Automatic Washer Dryers
- Freestanding Automatic Washer Dryers
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- Built-in Automatic Washing Machines
- Freestanding Automatic Washing Machines
- Semi-Automatic Washing Machines
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- Built-in Large Cooking Appliances
- Freestanding Large Cooking Appliances
- Built-in Hobs
- Ovens
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- Built-in Cooker Hoods
- Freestanding Cooker Hoods
- Cookers
- Range Cookers
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- Built-in Microwaves
- Freestanding Microwaves
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- Built-in Refrigeration Appliances
- Freestanding Refrigeration Appliances
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- Built-in Electric Wine Coolers/Chillers
- Freestanding Electric Wine Coolers/Chillers
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- Built-in Freezers
- Freestanding Freezers
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- Built-in Fridge Freezers
- Freestanding Fridge Freezers
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- Built-in Fridges
- Freestanding Fridges
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- Air Purifiers
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- Portable Room Air Conditioners
- Split Air Conditioners
- Window Air Conditioners
- Air Coolers
- Cooling Fans
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- Dehumidifiers
- Humidifiers
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- Blenders
- Food Processors
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- Centrifugal Juicers
- Slow Juicers
- Mixers
- Other Food Preparation Appliances
- Heating Appliances
- Irons
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- Body Shavers
- Electric Facial Cleansers
- Hair Care Appliances
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- Battery Toothbrush Units
- Electric Toothbrush Units
- Other Oral Care Appliances
- Other Personal Care Appliances
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- Breadmakers
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- Espresso Coffee Machines
- Filter Coffee Machines
- Other Standard Coffee Machines
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- Hard Pods
- Soft Pods
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- Coffee Mills
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- Air Fryers
- Oil Based Fryers
- Electric Grills
- Electric Steamers
- Freestanding Hobs
- Kettles
- Rice Cookers
- Slow Cookers
- Other Small Cooking Appliances
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- Cylinder Vacuum Cleaners
- Handheld Vacuum Cleaners
- Stick Vacuum Cleaners
- Upright Vacuum Cleaners
- Steam Vacuum Cleaners
- Robotic Vacuum Cleaners
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Consumer Appliances
Consumer Appliances is the aggregation of major appliances and small appliances. Major appliances are an aggregate of the following categories: refrigeration appliances, home laundry appliances, dishwashers, large cooking appliances and microwaves. Small appliances are an aggregation of the following categories: food preparation appliances, small cooking appliances, vacuum cleaners, irons, personal care appliances, heating appliances and air treatment appliances.
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This report originates from Passport, our Consumer Appliances research and analysis database.
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