North America White Goods Market was valued at USD 35 Billion in 2022 and is projected to reach USD 50 Billion by 2030, growing at a CAGR of 4.8% from 2024 to 2030.
The white goods market in North America has been experiencing steady growth due to the increasing demand for home appliances and the growing need for energy-efficient products. This demand is driven by factors such as higher disposable incomes, technological advancements, and a shift toward modern living. The industry encompasses a wide range of appliances, including refrigerators, washing machines, dishwashers, air conditioners, and ovens. These products are essential in households, providing convenience and improving the overall quality of life. In recent years, the market has seen a surge in smart appliances, which can be controlled via mobile apps or voice assistants, making them an attractive option for consumers looking for modern solutions.
The North American white goods market is characterized by various applications and requirements from industries, which include residential, commercial, and industrial sectors. The residential sector, which is the largest contributor, demands a variety of household appliances for everyday use. Commercial establishments, such as hotels and restaurants, require industrial-grade appliances that offer durability and high performance. These establishments rely on efficient appliances to maintain their operations smoothly, ensuring quality services for their customers. Additionally, industries such as healthcare and manufacturing have specific needs for specialized white goods, such as refrigerators for medical supplies and washing machines designed for industrial use.
Energy efficiency and sustainability are key factors influencing the white goods market in North America. As consumers become more environmentally conscious, the demand for energy-efficient appliances is increasing. The government’s energy-saving programs and regulations also encourage the adoption of energy-efficient models, further driving market growth. Manufacturers are responding by integrating new technologies like smart thermostats, sensors, and IoT connectivity, which allow for improved performance, lower energy consumption, and better user experience.
North America White Goods Market
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Whirlpool Corporation
LG Electronics
Haier Group
Samsung Group
Electrolux
Panasonic Corporation
Midea
Philips
Bosch
Media
Hisense
Arcelik
Meiling
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America White Goods Market
Online Sales
Offline Sales
Based on Types the Market is categorized into Below types that held the largest White Goods market share In 2023.
Refrigerator
Air Conditioner
Washing Machine
Others
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America White Goods Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America White Goods Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America White Goods Market, By Type
6. North America White Goods Market, By Application
7. North America White Goods Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America White Goods Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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