North America White Goods Market was valued around at USD 59342.79 million in the year 2021, and is projected to reach USD 91,583.82 million by the year 2027, growing at a CAGR of 7.50% during the forecast period. The report covers the detailed analysis of the North America White Goods industry with the classifications of the market on the basis of type, applications, and region. Analysis of past market dynamics from 2017 to 2021 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it.North America White Goods Market Definition
White Goods are the large home appliances, which include stoves, refrigerators, freezers, washing machines, tumble driers, dishwashers, and air conditioners, among many others.They can be called as the large electrical goods for the house. These electrical goods are called as white goods because they were traditionally only available in white color, though now they are available in wide range of colors.To know about the Research Methodology :- Request Free Sample Report
Competitive Insights
The report has profiled around fifteen key players in the market from different countries. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimating the size of the same. The manufacturing environment in each country is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in the United States. As per the study, Whirlpool Corporation leads the market for white goods in the North America region, for the year ended 2020, the company reported its net sales of US $20.4 billion. Out of which, the company reports maximum sales, that is almost 56% market share, from North America, its originating region. The company reported a 4.9% decline in the net sales as they went down from US $20.4 billion in 2020 to US $19.45 billion in 2020, due to the spread of pandemic. But, the company’s sales in the 4th quarter were reported at US $5.8 billion, which rose from US $4.3 billion in the 1st quarter.North America White Goods Market Dynamics
Modernization and Rising Preferences for New Technologies As per the United Nation Organization, today almost 55% of the world population resides in urban areas, and is expected that this share would increase to about 68% by the year 2050. With such tremendous shift towards the urbanization, the preferences of people and the developing economies play a huge part in working for the development of the urban areas. The white goods segment has a major market attraction for the urban areas, which is a major reason that rise in the urbanization rate, is highly affecting the demand for the white goods, since recent times, and will continue to do so. Furthermore, the recent products launched under this segment are highly advanced and known to be as the smart appliances, as they can be connected to wireless devices and hence, can be controlled from anywhere and at any time. This up-gradation in the products is a core reason for attracting the new generation users of the segment, and hence could be highly responsible for driving the market growth for the white goods, during the forecast period. Shift of Consumers towards Sustainability and Data Privacy Concerns The hard core reason for increasing demand for the white goods could be the products being smart and help us to simplify our day – to – day tasks. But, on the contrary, the industries have an underlying risk for hampering the market growth, due to the consumer’s preference towards sustainability approaches since the recent times. The recently introduced smart appliances, are said to be consuming very high amount of water and electricity, both being renewable sources; and while the world faces a major problem for depletion of the renewable sources, the people are very much concerned about the same, and hence prefer to reduce the use of such appliances. Furthermore, as the smart devices are connected devices, they are meant to capture all the data from the devices they are connected to. With the rising rate of cyber threats across the globe, it becomes hard for the consumers to connect up their personal devices with any of such devices. Therefore, the threat of consumer’s data and people’s rising awareness for the environment are the two major factors, which could restrain the market growth of the smart washing machines, during the forecast period.However, the rising trends for utilizing solar and wind energy for daily electricity consumption, stands out to be a great opportunity for the white goods manufacturers, which could help in further paving the growth for such appliances. United States Holds the Largest Market Share in the White Goods Market United States held dominance in the market for White Goods in the year 2021. And, it is expected that it would continue its dominance in the market, during the forecast period. This substantial growth of the region is attributed to the rise in adoption rate of automated cleaning solutions in various developing countries across the region. As per the study, Whirlpool Corporation founded in the United States generates almost 50% revenue of the total, is generated from United States and Canada. In the year 2019, the company reported its net sales of 26.4 million products in the region, accounting to around US $11.4 billion, just from United States and Canada. The objective of the report is to present a comprehensive analysis of the North America White Goods Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding North America White Goods Market dynamics, structure by analyzing the market segments and projects the North America White Goods Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the North America White Goods Market make the report investor’s guide.North America White Goods Market: Inquire before Buying
North America White Goods Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2027 Historical Data: 2017 to 2021 Market Size in 2021: USD 59342.79 Mn. Forecast Period 2022 to 2027 CAGR: 7.50% Market Size in 2027: USD 91,583.82 Mn. Segments Covered: by Type • Cleaning Equipment • Preservation & Cooking Equipment • Heating & Cooling Equipment • Others by Applications • Household • Drycleaners & Cleaning • Hospitals & Clinics • Others North America White Goods Market, by Country
• United States • Canada • MexicoKey Market Players:
• Whirlpool Corporation • Robert Bosch • Electrolux Inc. • Spectrum Brands Holdings Inc. • LG Electronics • Samsung Electronics • General Electric • Frigidaire • Sharp • Speed Queen • Panasonic Corporation • Haier Appliance Solutions • Godrej & Boyce • Miele • TCL Corporation Frequently Asked Questions: 1. Which region has the largest share in North America White Goods Market? Ans: United States region holds the highest share in 2021. 2. What is the growth rate of North America White Goods Market? Ans: The North America White Goods Market is growing at a CAGR of 7.50% during forecasting period 2022-2027. 3. What is scope of the North America White Goods market report? Ans: North America White Goods Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in North America White Goods market? Ans: The important key players in the North America White Goods Market are –Whirlpool Corporation, Robert Bosch, Electrolux Inc., Spectrum Brands Holdings Inc., LG Electronics, Samsung Electronics, General Electric, Frigidaire, Sharp, Speed Queen, Panasonic Corporation, Haier Appliance Solutions, Godrej & Boyce, Miele, and TCL Corporation. 5. What is the study period of this market? Ans: The North America White Goods Market is studied from 2021 to 2027.
North America White Goods Market 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: WHITE GOODS Market Size, By Market Value (US$ Mn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. North America WHITE GOODS Market Analysis and Forecast 6.1. WHITE GOODS Market Size & Y-o-Y Growth Analysis 6.1.1. United States 6.1.2. Canada 6.1.3. Mexico 7. North America WHITE GOODS Market Analysis and Forecast, By Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. WHITE GOODS Market Value Share Analysis, By Type 7.4. WHITE GOODS Market Size (US$ Mn) Forecast, By Type 7.5. WHITE GOODS Market Analysis, By Type 7.6. WHITE GOODS Market Attractiveness Analysis, By Type 8. North America WHITE GOODS Market Analysis and Forecast, By Applications 8.1. Introduction and Definition 8.2. Key Findings 8.3. WHITE GOODS Market Value Share Analysis, By Applications 8.4. WHITE GOODS Market Size (US$ Mn) Forecast, By Applications 8.5. WHITE GOODS Market Analysis, By Applications 8.6. WHITE GOODS Market Attractiveness Analysis, By Applications 9. North America WHITE GOODS Market Analysis, By Country 9.1. WHITE GOODS Market Value Share Analysis, By Country 9.2. WHITE GOODS Market Size (US$ Mn) Forecast, By Country 9.3. WHITE GOODS Market Attractiveness Analysis, By Country 10. North America WHITE GOODS Market Analysis 10.1. Key Findings 10.2. North America WHITE GOODS Market Overview 10.3. North America WHITE GOODS Market Value Share Analysis, By Type 10.4. North America WHITE GOODS Market Forecast, By Type 10.4.1. CLEANING EQUIPMENT 10.4.2. PRESERVATION & COOKING EQUIPMENT 10.4.3. HEATING & COOLING EQUIPMENT 10.4.4. OTHERS 10.5. North America WHITE GOODS Market Value Share Analysis, By Applications 10.6. North America WHITE GOODS Market Forecast, By Applications 10.6.1. Household 10.6.2. Drycleaners & Cleaning 10.6.3. Hospitals & Clinics 10.6.4. Others 10.7. North America WHITE GOODS Market Value Share Analysis, By Country 10.8. North America WHITE GOODS Market Forecast, By Country 10.8.1. U.S. 10.8.2. Canada 10.8.3. Mexico 10.9. North America WHITE GOODS Market Analysis, By Country 10.10. U.S. WHITE GOODS Market Forecast, By Type 10.10.1. CLEANING EQUIPMENT 10.10.2. PRESERVATION & COOKING EQUIPMENT 10.10.3. HEATING & COOLING EQUIPMENT 10.10.4. OTHERS 10.11. U.S. WHITE GOODS Market Forecast, By Applications 10.11.1. Household 10.11.2. Drycleaners & Cleaning 10.11.3. Hospitals & Clinics 10.11.4. Others 10.12. Canada WHITE GOODS Market Forecast, By Type 10.12.1. CLEANING EQUIPMENT 10.12.2. PRESERVATION & COOKING EQUIPMENT 10.12.3. HEATING & COOLING EQUIPMENT 10.12.4. OTHERS 10.13. Canada WHITE GOODS Market Forecast, By Applications 10.13.1. Household 10.13.2. Drycleaners & Cleaning 10.13.3. Hospitals & Clinics 10.13.4. Others 10.14. Mexico WHITE GOODS Market Forecast, By Type 10.14.1. CLEANING EQUIPMENT 10.14.2. PRESERVATION & COOKING EQUIPMENT 10.14.3. HEATING & COOLING EQUIPMENT 10.14.4. OTHERS 10.15. Mexico WHITE GOODS Market Forecast, By Applications 10.15.1. Household 10.15.2. Drycleaners & Cleaning 10.15.3. Hospitals & Clinics 10.15.4. Others 10.16. North America WHITE GOODS Market Attractiveness Analysis 10.16.1. By Type 10.16.2. By Applications 10.17. PEST Analysis 10.18. Key Trends 10.19. Key Developments 11. Company Profiles 11.1. Market Share Analysis, By Company 11.2. Competition Matrix 11.2.1. Competitive Benchmarking of key players By price, presence, market share, End - User, and R&D investment 11.2.2. New Product Launches and Product Enhancements 11.2.3. Market Consolidation 11.2.3.1. M&A By Regions, Investment and End - User 11.2.3.2. M&A Key Players, Forward Integration and Backward Integration 11.3. Company Profiles: Key Players 11.3.1. Whirlpool Corporation 11.3.1.1. Company Overview 11.3.1.2. Financial Overview 11.3.1.3. Product Portfolio 11.3.1.4. Business Strategy 11.3.1.5. Recent Developments 11.3.1.6. Development Footprint 11.3.2. Robert Bosch 11.3.3. Electrolux Inc. 11.3.4. Spectrum Brands Holdings Inc. 11.3.5. LG Electronics 11.3.6. Samsung Electronics 11.3.7. General Electric 11.3.8. Frigidaire 11.3.9. Sharp 11.3.10. Speed Queen 11.3.11. Panasonic Corporation 11.3.12. Haier Appliance Solutions 11.3.13. Godrej & Boyce 11.3.14. Miele 11.3.15. TCL Corporation 11.3.16. Others 12. Primary key Insights