White goods refer to large household appliances such as refrigerators, washing machines, dishwashers, and ovens. They find applications in residential settings for tasks such as food storage, cooking, cleaning, and laundry. Common features of white goods include energy efficiency, smart technology, and eco-friendly designs. Users are homeowners, renters, and businesses seeking efficient and convenient solutions for daily chores. These appliances are essential for maintaining a comfortable and modern lifestyle, offering convenience, time-saving benefits, and improved quality of life.
Access full Report @ https://www.databridgemarketresearch.com/reports/north-america-white-goods-market
Data Bridge Market Research analyses that the North America White Goods Market is valued at USD 58,980.11 million in 2022 and is expected to reach USD 1,19,257.77 million by 2030, registering a CAGR of 9.20% during the forecast period of 2023 to 2030.
With rising household incomes, consumers have greater financial flexibility to invest in upgrading or replacing their white goods such as refrigerators and washing machines. This increased disposable income fuels demand for more advanced and feature-rich models, as people seek appliances that offer enhanced efficiency, convenience, and modern technology.
Key Findings of the Study
Technological advancements are expected to drive the market's growth rate
Innovations such as smart home integration and IoT connectivity have transformed white goods, making them more convenient and efficient. Smart appliances can be controlled remotely, providing real-time monitoring and customization options. Advanced features, such as self-cleaning ovens and inverter-driven compressors in refrigerators, offer improved performance and energy savings. These technological advancements not only enhance the overall user experience but also align with the modern lifestyle, where consumers value convenience and efficiency. As a result, consumers are increasingly inclined to upgrade their appliances to enjoy the benefits of these innovations, driving market growth.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015-2020)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Type (Cleaning Equipment, Preservation and Cooking Equipment, Heating and Cooling Equipment, Sewing Machine and Others), End-User (Household, Drycleaners and Cleaning Agencies, Hospitality Industry, Hospitals and Clinics and Others)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America
|
|
Market Players Covered
|
Alliance Laundry System LLC (Germany), Siemens (Germany), AB Electrolux (Sweden), The Middleby Corporation (U.S.), Haier Group (China Whirlpool. (U.S.), Midea Group (China), Robert Bosch GmbH (Germany), Samsung Electronics Co., Ltd (South Korea), Midea Group. (China), Symphony Limited. (India), AvantiProducts (India), DAEWOO ELECTRONICS (South Korea), TCL (China), Miele (China)
|
|
Data Points Covered in the Report
|
In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
|
Segment Analysis:
The North America white goods market is segmented on the basis of type and end-user.
- On the basis of type, the white goods market is segmented into cleaning equipment, preservation and cooking equipment, heating and cooling equipment, sewing machine, and others.
- On the basis of end-user, the white goods market is segmented into household, drycleaners and cleaning agencies, hospitality industry, hospitals and clinics, and others.
Major Players
Data Bridge Market Research recognizes the following companies as the major North America white goods market players in North America white goods market are Alliance Laundry System LLC (Germany), Siemens (Germany), AB Electrolux (Sweden), The Middleby Corporation (U.S.), Haier Group (China Whirlpool. (U.S.), Midea Group (China), Robert Bosch GmbH (Germany), Samsung Electronics Co., Ltd (South Korea)
Market Developments
- In 2020, Whirlpool of India, a subsidiary of the global home appliance leader, Whirlpool Corporation, has unveiled the Intellifresh Pro, India's most sophisticated Bottom Mount Refrigerator. This refrigerator is equipped with cutting-edge Adaptive Intelligence Technology and is offered in sleek finishes, including Omega Steel and Steel Onyx.
- In 2020, Whirlpool launched its latest range of 3D Cool Inverter Air Conditioners. These units incorporate advanced 3D Cool Technology, ensuring a remarkable 60% faster cooling performance, especially crucial during scorching 50-degree summer conditions.
Regional Analysis
Geographically, the countries covered in the North America white goods market report are U.S., Canada and Mexico in North America.
As per Data Bridge Market Research analysis:
U.S. dominates North America white goods market during the forecast period 2023 - 2030
In 2023, U.S. dominates the North America white goods market due to escalating construction activities in the area have resulted in a surge in demand for white goods such as refrigerators and ovens for outfitting new properties. These appliances cater to both residential and commercial needs, making them crucial for ensuring comfort, productivity, and functionality in buildings. As a result, the high demand for heating, cooling, and white goods in this region reflects its significance in sustaining the infrastructure and development of various establishments.
For more detailed information about the white goods market report, click here – https://www.databridgemarketresearch.com/reports/north-america-white-goods-market
