North America slides rails market is growing at a CAGR of 4.1% & is expected to reach $17,173.0 million in 2027

The North America slide rails market for home appliances is projected to grow significantly, reaching a market size of $17,173.0 million by 2027 from $12,500.0 million in 2019, with a CAGR of 4.1% from 2020 to 2027.

Download PDF Sample: https://www.alliedmarketresearch.com/request-sample/A06121

Slide rails play an essential role in providing linear motion to drawers used in various household appliances, including refrigerators, ovens, dishwashers, and washing machines. These rails come in different load-bearing capacities to ensure smooth and efficient operation. Depending on the load-bearing capacity, slide rails are categorized into light-duty, medium-duty, and heavy-duty types. They are primarily manufactured from steel or aluminum and electroplated with zinc or other metals to prevent corrosion. Moreover, slide rails utilize either ball-bearing sliding movement or telescopic movement, both of which are lubricated with food-grade grease to prevent contamination inside the appliances.

Market Dynamics

The North American home appliances market is well-developed and primarily driven by consumer demand from the U.S. and Canada. However, the Mexican market is still in a growing phase, experiencing an increasing demand for durable goods. Economic improvements due to the establishment of manufacturing hubs in Mexico have further fueled the demand for home appliances, which in turn has contributed to the rising need for slide rails used in ovens, refrigerators, and dishwashers.

Additionally, the increase in home improvement and renovation activities in the U.S. is another significant factor driving the demand for home appliances. High construction costs have prompted consumers to renovate their existing homes, and during these renovations, they often opt to upgrade their kitchen appliances. This increasing trend of upgrading appliances has consequently boosted the market for slide rails. Moreover, the presence of leading home appliance manufacturers in North America has solidified the market's growth over recent years. The rising sales of electronic appliances due to technological advancements, an increase in new residential construction activities, and a growing reliance on household appliances are major contributors to the growth of the North America slide rails market.

Market Restraints

Despite the positive outlook, certain challenges hinder the growth of the North America slide rails market. The ongoing trade tensions between countries such as the U.S. and China have negatively impacted the import and export of home appliances and their components, leading to price fluctuations and reduced demand. Additionally, the U.S. government's decision to impose tariffs on aluminum and steel imports has resulted in increased manufacturing costs for home appliances. This, in turn, has negatively affected the demand for slide rails, limiting market expansion.

Enquire Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/A06121


Segmentation Analysis

The North America slide rails market for home appliances is segmented based on product type, end-user, and country.

By Product Type:

Light-duty Slide Rails

Medium-duty Slide Rails

Heavy-duty Slide Rails

In 2019, the heavy-duty slide rails segment accounted for nearly half of the market share due to their extensive use in ovens and dishwashers. Meanwhile, the medium-duty slide rails segment is expected to witness significant growth during the forecast period.

By End-user:

Refrigerators

Ovens

Dishwashers

Others (including Clothes Washers and Dryers)

The ovens segment generated the highest revenue in 2019, largely due to continuous technological innovations and the integration of smart features in modern ovens, thereby increasing the demand for slide rails.

By Country:

U.S.

Canada

Mexico

The U.S. held the largest market share in 2019, but Mexico is expected to experience the highest growth rate during the forecast period due to economic advancements and increasing home appliance demand.

Competitive Landscape

Key players in the North America slide rails market for home appliances 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.

Repon International Corporation

Competitive Strategies and Developments

Leading companies in the market have adopted various strategies such as product launches, business expansions, and acquisitions to strengthen their market presence. For instance, in October 2018, Accuride International Inc. introduced a Pyrolytic Telescopic Slide designed for self-cleaning ovens, which prevents emissions after early heating. This innovation offers maintenance-free oven cleaning and improved safety.

Furthermore, in February 2020, GE Appliances, a subsidiary of Haier, expanded its top-freezer refrigeration production facility in Alabama with an investment of $125 million, boosting production capacity by 25%. This expansion is expected to increase the demand for slide rails in top-freezer refrigerators, thereby fueling market growth.

Update On Demand: https://www.alliedmarketresearch.com/north-america-slide-rails-market-A06121

Future Opportunities

The North America slide rails market is poised for significant growth due to several emerging trends and opportunities. The increasing adoption of smart home appliances with advanced features is expected to create new opportunities for slide rail manufacturers. Furthermore, the rising preference for modular kitchens and the growing trend of home automation are likely to drive the demand for high-quality, durable slide rails.

Additionally, manufacturers are focusing on sustainability by developing eco-friendly slide rails made from recycled materials. The growing emphasis on energy efficiency and environmental concerns is expected to push companies to innovate and provide more sustainable solutions in the home appliances industry.

Key Benefits for Stakeholders

Comprehensive analysis of current and emerging trends in the North America slide rails market.

Detailed insights into market dynamics, including drivers, restraints, and opportunities.

Market estimations and forecasts from 2020 to 2027 for strategic decision-making.

Extensive competitive analysis, including product positioning and strategies of leading players.

Country-wise market analysis for a deeper understanding of regional market trends.

Related Links
Flooring Market https://www.alliedmarketresearch.com/flooring-market-A20224

Residential Real Estate Market https://www.alliedmarketresearch.com/residential-real-estate-market-A07566

Contact Us:

United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the report

This release was published on openPR.