iCrowd Newswire – Jul 20, 2020
The North America Slide Rails Market for Home Appliances is estimated to grow at a CAGR of 4.1% during the forecast period 2020-2027. As per the detailed market study, the North America slide rails industry for home appliances was valued $12.50 billion in the year 2019 and is anticipated to reach $17.17 billion by the end of the year 2027.
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Slide rails are also referred as roller slides or linear guides that are used for linear motion of appliances, furniture and other related appliances. The major application areas of the slide rails are washers, dryers, dishwashers, cooking appliances, ovens and refrigerators. The raw material used in slide rails are electroplating, electrocoating, aluminium and stainless steel with coating of zinc.
The North America slide rails market for home appliances is driven by various growth factors such as growth of the appliances industry, increase in home improvement and remodelling activity in the U.S. and increase in expenditure capacity in durable goods of Mexican population. Whereas, surge in tariff rates on steel and aluminium imports in the U.S. and rise in trade wars among countries such as China and the U.S. is affecting the appliances industry negatively, hence these factors may act as a growth hindering factors for the global marketplace. On the other hand, product advancements in home appliances will offer lucrative opportunities for the market players operating in the North America slide rails industry.
Segmentation Overview of the North America Slide Rails Market for Home Appliances
The North America slide rails market for home appliances is segmented on the basis of various market segments such as product type and end-user. These major market segments are further categorized into various sub-segments to study the market in detail considering various growth determinants and geographical dynamics.
The Product Type Segment of the North America Slide Rails Market for Home Appliances is Sub-Segmented into:
- Heavy-duty slide rails
- Medium-duty slide rails
- Light-duty slide rails
The End User Segment of the North America Slide Rails Market for Home Appliances is Sub-Segmented into:
- Clothes Dryers
- Clothes Washer
Key Players Insights of the North America Slide Rails Market for Home Appliances
Repon International Corporation, King Slide USA, Inc., Electrolux AB (Frigidaire), Whirlpool Corporation, Transform SR Brands LLC. (Sears PartsDirect), THK Co., Ltd., LG Electronics (LG parts), Haier US Appliance Solutions, Inc., Robert Bosch GmbH and Accuride International Inc. are some major players included in the research study of the North America slide rails market for home appliances. Market players in the regional marketplace for home appliances adopted various competitive strategies such as product launch and product advancements to expand their product portfolio and cater large group of customers over the forecast period.
Geographical Overview of the North America Slide Rails Market for Home Appliances
As per the regional studies, the North America slide rails market for home appliances has been studies for home appliances across Mexico, Canada and the U.S. Among these, the U.S. slide rails industry for home appliances dominated the North America market in the year 2019 and on the other hand, the Mexico slide rails industry for home appliances is anticipated to grow at the fastest growth rate with the highest CAGR as compared to other regions.
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Keywords: North America Slide Rails Market