Built-In Kitchen Appliance Market Grows
What happened
The North American built-in kitchen appliance market is experiencing robust growth, driven by consumer demand for integrated and technologically advanced solutions. Market analysis forecasts steady value retention for homes with upgraded, built-in smart appliances. Key trends include seamless cabinetry integration and app connectivity, which are increasingly expected by homebuyers.
Why it matters
- The North American built-in kitchen appliance market was valued at approximately $4.31 billion in 2022 and is projected to reach $7.26 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.7%. - While built-in refrigerators accounted for the largest segment share at over 27% in 2022, the built-in ovens and microwaves category is forecast to be the fastest-growing product segment. - The broader market for all smart kitchen appliances in North America, which includes both built-in and freestanding models, is expanding more rapidly, with a projected CAGR of 18.3% between 2024 and 2030. - Key corporate players in the North American market include Whirlpool Corporation, Haier (the owner of GE Appliances), Robert Bosch GmbH, and AB Electrolux. - A significant driver for the market is the rising trend of home renovations and the consumer shift toward premium products, with homeowners increasingly willing to invest in high-quality appliances that offer superior performance and aesthetics. - Built-in appliances can cost between 20% and 40% more than their freestanding counterparts when factoring in the price of the unit, required cabinetry modifications, and professional installation. - The United States dominates the regional market, accounting for the majority of sales; a 2023 survey noted that 63.43 million U.S. homes actively use smart devices, and many homebuyers seek out and are willing to pay more for smart homes. - Consumer demand for features that support healthier cooking is influencing new product development, such as the integration of steam-cooking and air-frying technologies into built-in ovens.
Key numbers
- - The North American built-in kitchen appliance market was valued at approximately $4.31 billion in 2022 and is projected to reach $7.26 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.7%.
- While built-in refrigerators accounted for the largest segment share at over 27% in 2022, the built-in ovens and microwaves category is forecast to be the fastest-growing product segment.
- The broader market for all smart kitchen appliances in North America, which includes both built-in and freestanding models, is expanding more rapidly, with a projected CAGR of 18.3% between 2024 and 2030.
- Built-in appliances can cost between 20% and 40% more than their freestanding counterparts when factoring in the price of the unit, required cabinetry modifications, and professional installation.
What happens next
- Key trends include seamless cabinetry integration and app connectivity, which are increasingly expected by homebuyers.
Quick answers
What happened in Built-In Kitchen Appliance Market Grows?
The North American built-in kitchen appliance market is experiencing robust growth, driven by consumer demand for integrated and technologically advanced solutions. Market analysis forecasts steady value retention for homes with upgraded, built-in smart appliances. Key trends include seamless cabinetry integration and app connectivity, which are increasingly expected by homebuyers.
Why does Built-In Kitchen Appliance Market Grows matter?
The North American built-in kitchen appliance market was valued at approximately $4.31 billion in 2022 and is projected to reach $7.26 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.7%. While built-in refrigerators accounted for the largest segment share at over 27% in 2022, the built-in ovens and microwaves category is forecast to be the fastest-growing product segment. The broader market for all smart kitchen appliances in North America, which includes both built-in and freestanding models, is expanding more rapidly, with a projected CAGR of 18.3% between 2024 and 2030. Key corporate players in the North American market include Whirlpool Corporation, Haier (the owner of GE Appliances), Robert Bosch GmbH, and AB Electrolux. A significant driver for the market is the rising trend of home renovations and the consumer shift toward premium products, with homeowners increasingly willing to invest in high-quality appliances that offer superior performance and aesthetics. Built-in appliances can cost between 20% and 40% more than their freestanding counterparts when factoring in the price of the unit, required cabinetry modifications, and professional installation. The United States dominates the regional market, accounting for the majority of sales; a 2023 survey noted that 63.43 million U.S. homes actively use smart devices, and many homebuyers seek out and are willing to pay more for smart homes. Consumer demand for features that support healthier cooking is influencing new product development, such as the integration of steam-cooking and air-frying technologies into built-in ovens.
