North America White Goods Market, By 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), Others, Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2027
White goods market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.7% in the forecast period of 2020 to 2027 and is expected to reach USD 91,583.82 million by 2027. The increased use of white goods in the households for maintenance of temperature via coolers, fans, air conditioners is the growing factor of the market.
The smart refrigerators have inclined the market towards advanced refrigerators. Technological awareness in the refrigerators has increased the market of advanced models of refrigerators and is become a major driving factor for the market growth. Temperature variation has become a major problem for the entire world. Increase in the retail outlet has made it possible for consumers to easily access the product everywhere and anytime. Due to the new tax imposition by the government, GST, white goods market is facing a lot of problems in its growth. The technology of artificial intelligence is creating the possibility of designing meaningful collaboration between machines and humans and creating opportunity for the market growth. The appliance manufacturers face many new challenges due to the wide variety of colors and finishes used in the production of white goods.
This white goods market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
North America white goods market is segmented into two notable segments which are based on the basis of type and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the market is segmented into cleaning equipment, preservation and cooking equipment, heating and cooling equipment, sewing machine and others. In 2020, heating & cooling equipment segment will dominate the market as it comprises of the air conditioners, fans and coolers and is widely used in residential, commercial or industrial areas as compared to all the other equipment and has wide applications in the field of maintenance of temperature inside a room.
- On the basis of end-user, the market is segmented into household, drycleaners and cleaning agencies, hospitality industry, hospitals and clinics and others. In 2020, household segment is dominating the market as the household chores widely required white goods for maintenance of temperature via coolers, fans, air conditioners or be it washing and cleaning purposes via washing and laundry machines makes household the dominating segment in the end-user segment of white goods market.
White goods market is analysed and market size information is provided by country, type and end-user as referenced above.
The countries covered in the North America white goods market report are the U.S., Canada, and Mexico.
- In North America, the U.S. dominates the market as the country is having the highest availability of commercial building that required heating and cooling equipment to maintain the building and room temperature and also the use of white goods in the growing construction activities are widely used in the U.S. region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Rise in Share of Organized Retail in North America White Goods Market
White goods market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in white goods and changes in regulatory scenarios with their support for the white goods market. The data is available for historic period 2010 to 2018.
Competitive Landscape and White Goods Market Share Analysis
North America white goods market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to white goods market.
The major companies manufacturing white goods are Whirlpool, Johnson Controls, Samsung, LG Electronics, Panasonic Corporation, Symphony Limited, Godrej & Boyce Mfg. Co. Ltd., AB Electrolux, Hitachi, Ltd., SHARP CORPORATION, Haier Inc., Midea Group, Siemens, Mitsubishi Electric Corporation, Robert Bosch GmbH, The MiddleBy Corporation, Alliance Laundry System LLC, Avanti Products, DAEWOO ELECTRONICS CO. LTD., Miele, Sears Brands, LLC, TCL CORPORATION and among many others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the growth of white goods market.
- In May 2019, Johnson Controls and Evoteq, a digital transformation catalyst company entered into a partnership for a new project that will set new building technological standards for construction of intelligent buildings using artificial intelligence for offices as well as apartments to cater the needs for the public as well as private sectors.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for white goods through expanded range of size.
Customization Available: North America White Goods Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.