North America Slide Rails Market Outlook - 2027
The North America slide rails market size for home appliances 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 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 in 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. They are majorly manufactured with steel or aluminum and are electroplated using zinc or metals to prevent corrosion. In addition, slide rails utilize ball bearing sliding movement or telescopic movement, which is greased using food grade lubricants to prevent contamination of food inside the appliances.
The North American market for home appliances is homogenous and mature in nature, with maximum consumption from the U.S. and Canada. However, the Mexican market is still growing, due to surge in demand for durable goods. Improvement in economic conditions owing to the development of manufacturing hub in the country has propelled the demand for durable goods such as home appliances. The surge in sale of home appliances, in turn, boosts the need for slide rails, which are used in appliances such as ovens, refrigerators, and dishwashers. Moreover, increase in home improvement and renovation activities in the U.S., owing to the high construction prices creates a demand for home appliances. For instance, during renovation of kitchens, consumersopt for replacing old appliances with latest models. This further propelsthe demand for home appliances, thereby augmenting the growth of North America slide rails market industry. Furthermore, strong foothold of major home appliance manufacturers in North Americahas led to the development of the home appliance industry in the recent years, which, in turn, augments the demand for slide rails in North America. In addition, rise in sale of electronic appliances, owing to constant advancements in home appliance products, surge in new residential construction activities, and increase in dependence of population on electronic home appliances are the key factors contributing toward the growth of the North America slide rails market for home appliances.
However, increase in trade tensions between countries such as the U.S. and China has negatively affected the import and export of home appliances along with their parts. This has resulted in price hikes of these appliances, which reduces the consumption of home appliances in this region. This, in turn, restrains the market growth of slide rails. In addition, the tariff hike imposed by the U.S. Government on aluminum and steel imports negatively affects the manufacturing of home appliances, thereby restraining the North America slide rails market growth for home appliances.
The heavy-duty slide rails type segment accounted for nearly half of the North America slide rails market share in 2019, owing to high consumption of heavy slide rails in ovens and dishwashers. By end user, the ovens segment generated high revenue, owing to technological advancements and integration of smart technologies in ovens, thereby increasing the demand for side rails.
By Product Type
Medium-duty slide rails segment is projected to grow at a significant CAGR
The North America slide rail market for home appliances report is divided into product type, enduser, and country. By product type, the market is segmented into light-, medium-, and heavy-duty slide rails. By end user, it is classified into refrigerators, ovens, dishwashers, and others. The others segment is further fragmentedinto cloth washers and laundry dryers.
By End-user
Ovens segment holds dominant position in 2019
The North America slide rails market analysis for home appliances is conductedacross the U.S., Canada, and Mexico. U.S.held the largest market share during 2019, however, Mexico is expected to grow at the fastest rate.
By Country
U.S. holds a dominant position in 2019. Mexico is expected to grow at a highest rate during the forecast period.
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. The players are further adopting business expansion strategy to strengthen 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 marketis 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.
The North America slide rails market forecast analysisfrom 2020 to 2027 is included in the reportfor home appliances.
The key market players within the market are profiled in this report, and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the industry.
A comprehensive North America slide rails market opportunityanalysis 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-dutySlide 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
North America Slide Rails Market Report Highlights
| Aspects | Details |
 By PRODUCT TYPE |
|
 By END USER |
|
 By COUNTRY |
|
 Key Market Players | .LG CORP., KING SLIDES WORKS CO., LTD., QINGDAO HAIER CO., LTD. (GE APPLIANCES), .ROBERT BOSCH GMBH (BOSCH REXROTH AG), TRANSFORM SR BRANDS, LLC, WHIRLPOOL CORPORATION, REPON INTERNATIONAL CORPORATION, AB ELECTROLUX, .THK CO., LTD., ACCURIDE INTERNATIONAL INC. |
Analyst Review
The North America Slide Rail market accounts for high potential in the ovens segment.Ovens majorly utilize heavy-duty slide rails, owing to the exposure to extreme temperatures in these appliances. Moreover, the product developments provided by the major players for ovens, boost the demand for ovens in the home appliance industry, thereby, promoting the growth of slide rails utilized in them.
Furthermore, the increase in consumption and dependency of home appliances in the North American region is a major driving factor of the slide rails market. The home appliance industry is matured in the U.S. and Canada, owing to increase in urbanization and high living standards. However, increase in construction activities of new residential buildings is a major factor, which fuels the demand for new home appliances, thereby propelling the utilization of slide rails.
In current scenario, home appliance manufacturers constantly upgrade their product offerings with low energy consumption & smart technologies. This motivates consumers to change their appliances constantly, before the termination of their service life, thus boosting the manufacturing of home appliances. In addition, consumer trend toward bigger appliances with more shelves and drawers bolster the slide rails demand. On the contrary, the tariff hike on steel and aluminum on imports to the U.S. is a major restraining factor for the slide rails industry.
The tariff hike has caused inflation in cold-formed steel and aluminum prices in the U.S., which increases the costs incurred on manufacturing of slide rails, thereby augmenting the overall cost of appliances, restraining the market growth. Furthermore, growing trade wars between nations has negatively affected the import of electronics and home appliances from the manufacturing countries such as China, Japan, and Korea, which is propelling the prices of these products. These factors influence the home appliance industry, which, in turn, limits the growth of the slide rails market.
The North America slide rails market for home appliances size was $12,500 million in 2019 and is projected to reach $17,173.0 million in 2027
-The forecast period considered for the North America slide rails market for home appliances is 2020 to 2027, wherein, 2019 is the base year, 2020 is the estimated year, and 2027 is the forecast year.
To get latest version of North America slide rails market for home appliances report
The base year considered in the North America slide rails market for home appliances is 2019.
No, the report does not provide Value Chain Analysis. However, it does provide market share analysis for the major players in the North America slide rails market for home appliances.
On the basis of end-user, the ovens segment is expected to be the most influencing segment growing in the North America slide rails market for home appliances report.
Based on the product type, in 2019, the heavy-duty slide rails segment generated the highest revenue, accounting for 46.9% of the market, and is projected to grow at a CAGR of 3.2% from 2020 to 2027.
The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically covers company overview, geographical presence, and market dominance (in terms of revenue and volume sales).
The market value of North America slide rails market for home appliances is $12,987.5 million in 2020.
The surge in manufacturing of home appliance industries and increase in consumer expenditure on durable goods influences the market growth of slide rails for home appliances in Mexico.
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