North America Housewares Market Revenue to cross US$ 83,735.07 million by 2030

At 3.2% CAGR, North America Housewares Market is Speculated to be worth US$ 83,735.07 million by 2030, says Business Market Insights

According to Business Market Insights' research, the North America housewares market was valued at US$ 65,022.75 million in 2022 and is expected to reach US$ 83,735.07 million by 2030, registering a CAGR of 3.2% from 2022 to 2030. Development of smart appliances and rising penetration of e-commerce are the critical factors attributed to the North America housewares market expansion.

Smart appliances can be operated using smartphones or tablets connected via Bluetooth, near-field communication (NFC), or Wi-Fi. These technologies allow users to control their smart appliances via an app. Manufacturers are continuously modifying and developing smart home appliances to support easy lifestyles, which especially appeals to tech-savvy consumers. Well-known brands have been developing devices with automation and hi-tech features for smart homes. Moreover, voice assistants and artificial intelligence (AI) are bringing significant evolution into smart housewares. Energy-saving appliances, notifications enabled on connected devices, and Wi-Fi capabilities are the key functional upgrades in smart kitchen appliances. For example, smart microwaves can seamlessly download cooking instructions, read barcodes on food products, and offer AI voice assistants to enable a completely hands-free experience. Whirlpool, in January 2022, announced that some of its smart, Wi-Fi-connected microwave would be upgraded to incorporate an air fry mode via a software update to replicate the crispy reheating specifications. Thus, the incorporation of innovative technologies into housewares is likely to bring new trends in the housewares market in the coming years.

On the contrary, lack of uniformity in operations and regulations hurdles the growth of North America housewares market.

Based on product type, the North America housewares market is categorized into cookware and bakeware, tableware, kitchen appliances, bathroom essentials, and others. The kitchen appliances segment held 45.1% share of North America housewares market in 2022, amassing US$ 29,312.33 million. It is projected to garner US$ 38,494.99 million by 2030 to expand at 3.5% CAGR during 2022-2030.

In terms of distribution channel, the North America housewares market is categorized into supermarkets and hypermarkets, specialty stores, online retail, and others. The supermarkets and hypermarkets segment held 50.2% share of North America housewares market in 2022, amassing US$ 32,612.49 million. It is projected to garner US$ 41,243.70 million by 2030 to expand at 3.0% CAGR during 2022-2030.

By country, the North America housewares market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 75.3% share of North America housewares market in 2022. It was assessed at US$ 48,975.79 million in 2022 and is likely to hit US$ 61,468.53 million by 2030, exhibiting a CAGR of 2.9% during 2022-2030.

Key players operating in the North America housewares market are Bradshaw Home Inc, HF Coors Co Inc, Inter Ikea Holding Bv, Hutzler Manufacturing Co Inc, Newell Brands Inc, BSH Hausgerate Gmbh, Kohler Co, and Haier US Appliance Solutions Inc, among others.