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United States Laundry Appliances Market Size (2024 - 2029)

The United States laundry appliances market is experiencing growth driven by increasing disposable income and enhanced living standards, which have spurred demand. Technological advancements are enabling manufacturers to introduce innovative features, enhancing product performance and consumer choice. The market's expansion is closely linked to real estate developments and the rising trend of smart homes, which cater to the preferences of younger generations. As the smart home sector continues to evolve, it presents significant opportunities for the laundry appliances market, contributing to its overall market size growth.

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Market Size of United States Laundry Appliances Industry

United States Laundry Appliances Market Summary
Study Period 2024-2029
Base Year For Estimation 2023
Market Size (2024) USD 7.80 Billion
Market Size (2029) USD 9.43 Billion
CAGR (2024 - 2029) 3.86 %
Market Concentration Low

Major Players

United States Laundry Appliances Market Major Players

*Disclaimer: Major Players sorted in no particular order

US Laundry Appliances Market Analysis

The United States Laundry Appliances Market size is estimated at USD 7.80 billion in 2024, and is expected to reach USD 9.43 billion by 2029, growing at a CAGR of 3.86% during the forecast period (2024-2029).

In the past few years, due to increasing disposable income and improved standards of living, there has been a robust demand for laundry appliances in the United States market. Technological advancement has empowered producers to add innovative product features to boost performance and set themselves apart from competitors. Today, consumers are provided with various choices in the market ranging from color, shape, and design to multiple after-sales services, credit facilities, and other such benefits, providing comfort and a better experience to the user. The addition of such features will boost the United States laundry appliances market.

Sensors and other innovative technology are everywhere in the smart appliances trend. This market highly depends on real estate growth, both buying and renting refurbishment. Smaller appliances are innovating due to different housing arrangements worldwide. The smart home market is growing due to the growing penetration of smart homes in emerging and developed areas, rapid growth and evolution of IT infrastructure, shifting demographics, and the need to protect the global environment from hazardous waste such as greenhouse gases, toxic waste, etc. Smart home brands cater to the demands of the younger generation, such as millennials, gen-z, and so on. There are many opportunities for the smart home appliances market in the coming years, ranging from premium smart lights to high-tech AI (artificial intelligence) enabled smart taps.

US Laundry Appliances Industry Segmentation

A laundry appliance is a machine used for cleaning and rinsing textiles using water but is not limited to washing only. It can also be used for drying purposes. The United States laundry appliances market is segmented by type (freestanding and built-in), by product (washing machines, dryers, electric smoothing irons, and other products), by technology (automatic, semi-automatic/ manual, and other technology), and by distribution channel (supermarkets and hypermarkets, specialty stores, online, and other distribution channels). The report offers market size and forecasts for the United States laundry appliances market in value (USD) for all the above segments.

Type
Freestanding
Built in
Product
Washing Machine
Dryers
Electric Smoothing Irons
Others
Technology
Automatic
Semi-Automatic/ Manual
Others
Distribution Channel
Supermarkets and Hypermarkets
Specialty Stores
Online
Other Distribution Channels
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United States Laundry Appliances Market Size Summary

The United States laundry appliances market is experiencing a notable expansion, driven by factors such as rising disposable income and enhanced living standards. This growth is further supported by technological advancements that have enabled manufacturers to introduce innovative features, thereby enhancing product performance and differentiation. Consumers now enjoy a wide array of choices in terms of design, functionality, and after-sales services, which contribute to a more satisfying user experience. The market's trajectory is also influenced by the increasing trend of smart home appliances, which are gaining traction due to the proliferation of smart homes and the demand for environmentally friendly solutions. These developments cater particularly to younger demographics, including millennials and Gen Z, who are more inclined towards premium and technologically advanced products.

The demand for laundry appliances is significantly bolstered by the growing working population in the United States, particularly among women, who prefer the convenience and efficiency of washing machines over traditional methods. This shift in consumer behavior, coupled with the narrowing price gap between similar products, encourages investments in higher-quality appliances. The market is characterized by fragmentation, with major players like Whirlpool Corporation, Frigidaire, GE Appliances, Bosch, and Alliance Laundry Systems holding substantial market shares. However, mid-size and smaller companies are increasingly making their mark through technological innovations and strategic market expansions. Recent product launches, such as Miele Professional's commercial-grade laundry line and GE's front-loading washing machines, underscore the ongoing innovation and competitive dynamics within the market.

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United States Laundry Appliances Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Smart Home is boosting the Market

    3. 1.3 Market Restraints

      1. 1.3.1 Flactuting Raw Material Cost

    4. 1.4 Market Opportunities

      1. 1.4.1 Demand for Technological Advancements in Laundry Appliances

    5. 1.5 Value Chain / Supply Chain Analysis

    6. 1.6 Porter's Five Forces Analysis

      1. 1.6.1 Threat of New Entrants

      2. 1.6.2 Bargaining Power of Buyers/Consumers

      3. 1.6.3 Bargaining Power of Suppliers

      4. 1.6.4 Threat of Substitute Products

      5. 1.6.5 Intensity of Competitive Rivalry

    7. 1.7 Insights on Current Trends and Innovations in the Market

    8. 1.8 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Freestanding

      2. 2.1.2 Built in

    2. 2.2 Product

      1. 2.2.1 Washing Machine

      2. 2.2.2 Dryers

      3. 2.2.3 Electric Smoothing Irons

      4. 2.2.4 Others

    3. 2.3 Technology

      1. 2.3.1 Automatic

      2. 2.3.2 Semi-Automatic/ Manual

      3. 2.3.3 Others

    4. 2.4 Distribution Channel

      1. 2.4.1 Supermarkets and Hypermarkets

      2. 2.4.2 Specialty Stores

      3. 2.4.3 Online

      4. 2.4.4 Other Distribution Channels

United States Laundry Appliances Market Size FAQs

The United States Laundry Appliances Market size is expected to reach USD 7.80 billion in 2024 and grow at a CAGR of 3.86% to reach USD 9.43 billion by 2029.

In 2024, the United States Laundry Appliances Market size is expected to reach USD 7.80 billion.

US Laundry Appliances Market Report Snapshots

US Laundry Appliances Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)