The North America slide rails market size for home appliances, size is expected to reach $17,173.0 million in 2027, from $12,500.0 million in 2019, growing at a CAGR of 4.1% from 2020 to 2027. Slide rails, also known as linear guides or roller slides, are majorly provided for linear motion of drawers in furniture, appliances, and other applications. Considering home appliance products, slide rails are used in refrigerators, cooking & ovens, dishwashers, and washers & dryers. Slide rail products are constructed using stainless steel or aluminum with coating of zinc, electrocoating, or electroplating, as per the requirement of the appliance. For instance, slide rails utilized for refrigerators and ovens feature food grade lubricants and components, which can endure temperature variations.
Considering the North American market, the mature and homogenous appliances consumption is a major driver for the North America slide rails market industry. The penetration of refrigerators, microwave ovens, washing machines, dryers, and dishwashers is considerably high as compared to other household appliances products. Thus, surge in demand for these appliances boosts the utilization of slide rails, which drives the growth of the slide rails market. Moreover, increase in home improvement and renovation activities in the U.S. propels the demand for advanced home appliances, which, in turn, fuels the growth of the market. Private homeowners majorly opt for remodeling of their residences in every 5 to 10 years to keep up with the latest market trends, owing to soaring property prices. This creates a demand for the new home appliances, which drives the demand for home appliances and thereby, boosts market growth of slide rails utilized in these appliances, including, refrigerators, ovens, and others. Furthermore, the surge in consumer expenditure on durable goods in Mexico, mainly due to the improved economic conditions of the population of country, propels the demand for home appliances in the country. This in turn, drives the demand for slide rails used in these appliances.
However, the tariff hike imposed by the U.S. government on aluminum and steel imports negatively affects the manufacturing of home appliances which consist of aluminum and steel components.
This thereby, restraints market growth of slide rails used in home appliances. In addition, the rise in trade wars among countries such as the U.S. and China is affecting the appliance industry negatively. This also restraints the North America slide rails market growth of slide rails used in these appliances.
On the contrary, the technological advancements in home appliances such as artificial intelligence, digital touch technologies, and others promote the sale of these products. Such features encourage homeowners to upgrade their home appliances with latest technologies. This is anticipated to provide lucrative opportunities for the expansion of slide rails market.
The North America side rail market for home appliances is divided on the basis of product type, end-user, and country. By product type, the market is segmented into light-, medium-, and heavy-duty slide rails. By end-user, the market is classified into refrigerators, ovens, dishwashers, and others. The others segment is further classified into cloth washers and laundry dryers.
The North America slide rails market analysis for home appliances is conducted across the U.S., Canada, and Mexico. The U.S. held the largest North America slide rails market share during 2019, and Mexico is expected to grow at the fastest rate.
COMPETITION ANALYSIS
The key market players profiled in the report include Accuride International Inc., Robert Bosch GmbH, Haier US Appliance Solutions, Inc., LG Electronics (LG parts), THK Co., Ltd., Transform SR Brands LLC. (Sears PartsDirect), Whirlpool Corporation, Electrolux AB (Frigidaire), King Slide USA, Inc., and Repon International Corporation.
Many competitors in the North America slide rails market for home appliances adopted product launch as their key developmental strategy to expand their product portfolio for the technological upgradations. For instance, in October 2018, the company Accuride launched Pyrolytic Telescopic Slide for self-cleaning ovens, which do not let out detectable emissions after early heating.
Advantages of this innovation are maintenance-free oven cleaning and safer and easier oven use. Similarly, the players are also adopting business expansion strategy to increase their foothold in the North American region. For instance, in February 2020, the company GE Appliances, subsidiary of Haier, announced the expansion of top-freezer refrigeration production plant in Alabama. It invested $125 million, which boosted the production capacity by 25%. Increase in production of top-freezer refrigerators is expected to boost the need for slide rails.
KEY BENEFITS FOR STAKEHOLDERS
NORTH AMERICA SLIDE RAILS MARKET FOR HOME APPLIANCES SEGMENTS
BY PRODUCT TYPE
BY END-USER
BY COUNTRY
KEY PLAYERS
Considering the North American market, the mature and homogenous appliances consumption is a major driver for the North America slide rails market industry. The penetration of refrigerators, microwave ovens, washing machines, dryers, and dishwashers is considerably high as compared to other household appliances products. Thus, surge in demand for these appliances boosts the utilization of slide rails, which drives the growth of the slide rails market. Moreover, increase in home improvement and renovation activities in the U.S. propels the demand for advanced home appliances, which, in turn, fuels the growth of the market. Private homeowners majorly opt for remodeling of their residences in every 5 to 10 years to keep up with the latest market trends, owing to soaring property prices. This creates a demand for the new home appliances, which drives the demand for home appliances and thereby, boosts market growth of slide rails utilized in these appliances, including, refrigerators, ovens, and others. Furthermore, the surge in consumer expenditure on durable goods in Mexico, mainly due to the improved economic conditions of the population of country, propels the demand for home appliances in the country. This in turn, drives the demand for slide rails used in these appliances.
However, the tariff hike imposed by the U.S. government on aluminum and steel imports negatively affects the manufacturing of home appliances which consist of aluminum and steel components.
This thereby, restraints market growth of slide rails used in home appliances. In addition, the rise in trade wars among countries such as the U.S. and China is affecting the appliance industry negatively. This also restraints the North America slide rails market growth of slide rails used in these appliances.
On the contrary, the technological advancements in home appliances such as artificial intelligence, digital touch technologies, and others promote the sale of these products. Such features encourage homeowners to upgrade their home appliances with latest technologies. This is anticipated to provide lucrative opportunities for the expansion of slide rails market.
The North America side rail market for home appliances is divided on the basis of product type, end-user, and country. By product type, the market is segmented into light-, medium-, and heavy-duty slide rails. By end-user, the market is classified into refrigerators, ovens, dishwashers, and others. The others segment is further classified into cloth washers and laundry dryers.
The North America slide rails market analysis for home appliances is conducted across the U.S., Canada, and Mexico. The U.S. held the largest North America slide rails market share during 2019, and Mexico is expected to grow at the fastest rate.
COMPETITION ANALYSIS
The key market players profiled in the report include Accuride International Inc., Robert Bosch GmbH, Haier US Appliance Solutions, Inc., LG Electronics (LG parts), THK Co., Ltd., Transform SR Brands LLC. (Sears PartsDirect), Whirlpool Corporation, Electrolux AB (Frigidaire), King Slide USA, Inc., and Repon International Corporation.
Many competitors in the North America slide rails market for home appliances adopted product launch as their key developmental strategy to expand their product portfolio for the technological upgradations. For instance, in October 2018, the company Accuride launched Pyrolytic Telescopic Slide for self-cleaning ovens, which do not let out detectable emissions after early heating.
Advantages of this innovation are maintenance-free oven cleaning and safer and easier oven use. Similarly, the players are also adopting business expansion strategy to increase their foothold in the North American region. For instance, in February 2020, the company GE Appliances, subsidiary of Haier, announced the expansion of top-freezer refrigeration production plant in Alabama. It invested $125 million, which boosted the production capacity by 25%. Increase in production of top-freezer refrigerators is expected to boost the need for slide rails.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging North America slide rails market trends and dynamics.
- In-depth analysis of the market is conducted by constructing market estimations for the key market segments between 2019 and 2027.
- Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The North America slide rails market forecast analysis from 2020 to 2027 is included in the report for home appliances.
- The key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the industry.
- A comprehensive North America slide rails market opportunity analysis of all the countries is also provided in the report.
NORTH AMERICA SLIDE RAILS MARKET FOR HOME APPLIANCES SEGMENTS
BY PRODUCT TYPE
- Light-duty slide rails
- Medium-duty slide rails
- Heavy-duty slide rails
BY END-USER
- Refrigerator
- Ovens
- Dishwashers
- Others
- Clothes Washer
- Clothes Dryers
BY COUNTRY
- U.S.
- Canada
- Mexico
KEY PLAYERS
- Accuride International Inc.
- Robert Bosch GmbH
- Haier US Appliance Solutions, Inc.
- LG Electronics (LG parts)
- THK Co., Ltd.
- Transform SR Brands LLC. (Sears PartsDirect)
- Whirlpool Corporation
- Electrolux AB (Frigidaire)
- King Slide USA, Inc.
- Repon International Corporation
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: North America Slide Rail Market for Home Appliances, by Product Type
Chapter 5: North America Slide Rails Market for Home Appliances, by End-user
Chapter 6: North America Slide Rails Market for Home Appliances, by Country
Chapter 7: Competitive Landscape
Chapter 8: Company Profiles
Executive Summary
According to the report titled, 'North America Slide Rails Market for Home Appliances by Product Type and End-User:Opportunity Analysis and Industry Forecast, 2020-2027', the North America slide rails market size for home appliances is expected to reach $17,173.0million in 2027, from $12,500.0 million in 2019, growing at a CAGR of 4.1% from 2020 to 2027. In 2019, U.S.dominated the market, in terms of revenue, accounting for 79.7% share of the North America slide railsmarket industry for home appliances.Slide rails are used for providing linear motion to drawers in furniture, electronic appliances, industrial devices, and medical devices. In the home appliances market, slide rails are used for refrigerators, ovens, dishwashers, and washing machines, and are available in various load bearing capacities to assist in smooth linear operations. Slide rails are classified into light-, medium-, and heavy-duty rails, depending on the drawer loads in different appliances.
Slide rails are majorly manufactured using aluminum or steel, with outer coating of zinc or electroplating with other metals to prevent corrosion caused due to constant temperature change, moisture, and other external conditions. Currently, different types of slide rails are utilized for a single appliance depending on the application. For instance, a single refrigerator may utilize light- to medium-duty slide rails for shelves, trays, baskets, and drawers, whereas heavy-duty slide rails for bottom-mount freezer drawers or under-counter refrigerated drawers. Furthermore, slide rails majorly utilize ball bearing sliding movement, which is lubricated using food-grade grease to prevent contamination of the food stored inside the oven or the refrigerator.
With an urban population of around 82%, North American countries are major consumers of home appliances. Approximately, 96% penetration of major home appliances was registered in 2018 in the region. Thus, the demand for home appliances propels the North America slide rails market growth in these appliances. In addition, considering the volume, refrigerators are the major consumers of slide rails, owing to the necessity of more drawers and shelves in the refrigerator.
The North America side rails market for home appliances is divided into product type, enduser, and country. By product type, the market is segmented into light-, medium-, and heavy-duty slide rails. On the basis of enduser, it is segregated into refrigerators, ovens, dishwashers, and others. The others segment is further classified into cloth washers and laundry dryers.
The North America slide rails market analysis for home appliances is conducted across the U.S., Canada, and Mexico. U.S. holds the largest market share during 2019, and Mexico is expected to grow at the fastest rate.
Key Findings Of The Study
By type, the heavy-duty slide railssegment dominated the North America slide rails market share for home appliances in 2019, in terms of revenue.
Depending on enduser, the ovenssegment is expected to generate high revenue in the North America slide rails market for home appliances industry.
Country wise, the U.S.is projected to dominate the market, growing at a significant rate during the forecast period.
The major players operating in the North America slide rails industry include Accuride International Inc., Robert Bosch GmbH, Haier US Appliance Solutions, Inc., LG Electronics (LG parts), THK Co., Ltd., Transform SR Brands LLC. (Sears PartsDirect), Whirlpool Corporation, Electrolux AB (Frigidaire), King Slide USA, Inc., and Repon International Corporation.
Companies Mentioned
- Accuride International Inc.
- Robert Bosch GmbH
- Haier US Appliance Solutions Inc.
- LG Electronics (LG parts)
- THK Co. Ltd.
- Transform SR Brands LLC. (Sears PartsDirect)
- Whirlpool Corporation
- Electrolux AB (Frigidaire)
- King Slide USA Inc.
- Repon International Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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